Principles of Macroeconomics (B.A Economics)

National income, consumption, investment, employment, inflation and trade cycles.

6 महीनेअवधि 5Chapters31टॉपिक

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01Unit 1: National Income 7 टॉपिक

Macroeconomics: meaning and scope
Circular flow of income in two, three and four sector economies
GDP, GNP, NNP, NI, PI and DPI
Market price and factor cost
Product, income and expenditure methods
Real and nominal GDP; GDP deflator
Difficulties in measuring national income

02Unit 2: Theories of Employment 6 टॉपिक

Say's law of markets
Classical theory of employment
Keynes' critique of the classical theory
Aggregate demand and aggregate supply
Principle of effective demand
Equilibrium with unemployment

03Unit 3: Consumption, Investment and Multiplier 6 टॉपिक

Consumption function: APC and MPC
Keynes' psychological law of consumption
Saving function: APS and MPS
Types of investment; marginal efficiency of capital
Investment multiplier
Accelerator principle

04Unit 4: Inflation 6 टॉपिक

Meaning and types of inflation
Demand-pull and cost-push inflation
Effects of inflation
Measures to control inflation
Deflation and stagflation
Phillips curve

05Unit 5: Trade Cycles 6 टॉपिक

Meaning and features of trade cycles
Phases: expansion, peak, recession, trough, recovery
Hawtrey's monetary theory
Keynes' view of the trade cycle
Samuelson-Hicks multiplier-accelerator interaction
Measures to control trade cycles

परिचय

आप यह कर पाएँगे

Explain the circular flow of income and the concepts of GDP, GNP, NNP, NI, PI and DPI
Compute national income aggregates and real GDP using the GDP deflator
Compare the classical and Keynesian theories of income and employment
Explain the consumption function, MEC, the investment multiplier and the accelerator
Describe the types, causes, effects and control of inflation and the Phillips curve
Explain the phases and main theories of trade cycles

यह किसके लिए है

B.A Semester 2 students with Economics as a major subject (UP State Universities, NEP 2020)
Students taking Macroeconomics as a minor or elective paper
Aspirants of competitive exams that test basic macroeconomics

आपको क्या चाहिए

Principles of Microeconomics (Semester 1) or basic knowledge of demand, supply and graphs

सवाल

Which syllabus does this course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 2. Where your own university's syllabus differs, the centre follows your university syllabus.

How will I be tested?

Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.

Are numericals asked in macroeconomics?

Yes, short ones on national income aggregates, real GDP and the multiplier; all are practised in class.