QUESTION PAPERS:-
SYLLABUS:-
Unit I
Concepts of Macro Economics and National Income Determination
Definitions importance, growth, limitations of macro-economics, macro-economic variables. Circular flow of income in two, three, four-sector economy, relation between leak ages and injections in circular flow.
National Income:Concepts, definition, methods of measurement, National income in India, problems in measurement of national income & precautions in estimation of national income.
Unit II
Macro Market Analysis Theory of full employment and income: classical, modern (Keynesian) approach, consumption function, relationship between saving and consumption. Investment function, concept of marginal efficiency of capital and marginal efficiency of investment. National income determination in two, three and four sector models. Multiplier in two, three and four sectors model.
Unit III
Money Market Functions and forms of money, demand for money-classical, Keynesian and Friedmanian approach, measures of money supply, quantity theory of money, inflation and deflation.
Unit IV
Equilibrium of Product and Money Market The IS-LM model, product market and money market, derivation, shift. Equilibrium of IS-LM curve. Application of IS-LM model in monetary and fiscal policy.
SYLLABUS:-
Unit I
Concepts of Macro Economics and National Income Determination
Definitions importance, growth, limitations of macro-economics, macro-economic variables. Circular flow of income in two, three, four-sector economy, relation between leak ages and injections in circular flow.
National Income:Concepts, definition, methods of measurement, National income in India, problems in measurement of national income & precautions in estimation of national income.
Unit II
Macro Market Analysis Theory of full employment and income: classical, modern (Keynesian) approach, consumption function, relationship between saving and consumption. Investment function, concept of marginal efficiency of capital and marginal efficiency of investment. National income determination in two, three and four sector models. Multiplier in two, three and four sectors model.
Unit III
Money Market Functions and forms of money, demand for money-classical, Keynesian and Friedmanian approach, measures of money supply, quantity theory of money, inflation and deflation.
Unit IV
Equilibrium of Product and Money Market The IS-LM model, product market and money market, derivation, shift. Equilibrium of IS-LM curve. Application of IS-LM model in monetary and fiscal policy.
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