Macro Economics

Macro Economics

The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment, national income, rate of growth, gross domestic product, inflation and price levels.

Write a paper on any one of the following topics:

Income & wage policy

Investment

Demand for money

Macroeconomics lecture notes written by MBA Batch 2011 (great effort)

Note: File attached at the end (Word Document)

Course topics:

  • Definition and scope of macroeconomics
  • National income
  • Level of income in a two sector economy
  • Level of income and the government.
  • International sector and the level of income.
  • Multipliers” two-three sector model and four sector economy”.
  • Consumption theories.
  • Marginal efficiency of capital.
  • Theories of investment.
  • Equilibrium in the commodity market.
  • Money and the level of income.
  • Equilibrium in the money market.
  • Simultaneous equilibrium” commodity & money market”.
  • Effectiveness monetary and fiscal policies.
  • Issues of macroeconomic nature” inflation, unemployment”.

Lecture One Outlines:

  • What is Macroeconomics
  • Purpose of studying Macroeconomics
  • Objectives & Policies of Macroeconomics
  • Monetary National Income & Real National Income
  • Price Index and its different types.
    • How to compute the Simple Price Index.
    • How to compute the Weighted Price Index.
    • How to compute the Real National Income
  • Distinction between Gross Domestic Product (GDP) & GNP.
  • The Link between NI & Social Welfare.
  • Importance of National Income.

Outlines of the course:

  1. Introduction - Concepts & Definition.
  2. National Income - Definition & Measurement.
  3. Level of National Income in a two-sectors Model of an Economy.
  4. Government & Level of Income
    • Government Sector Multipliers.
  5. Internal Sector and the Level of Income.
  6. Multipliers in a fair Sector Model of an Economy.
  7. Theories of Consumption.
  8. Marginal Efficiency of Capital.
  9. Theories of Investment.
  10. Accelerator Theory.
  11. Equilibrium in Commodity Market - IS-schedule.
  12. Money & the Level of Income - Theories of Demand for Money.
  13. Equilibrium in Money Market.
  14. Macroeconomic Policy : Fiscal and Monetary Policies & their Effectiveness.
  15. Inflation.
  16. Unemployment.

 

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