Coming soon
Macro Economic Theory
To explain the basic concepts and theories of Macroeconomics to the students. Also, discuss in detail the changes in various Macro Economic variables.
Macro Economics- Meaning, Definition, Nature, Scope, Importance and Limitations, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static.
Keynes’ theory of Employment and Output- Aggregate demand, Aggregate supply, Effective demand and Complete model of Keynes’s theory, Criticisms of theory.
Concept of Multiplier- Assumptions of multiplier, Working of multiplier, Leakages of multiplier. Significance and Limitations of multiplier.
National Income Analysis –Definition, Concepts, Components of National Income. Methods of measuring National Income, Difficulties in calculating National Income, Importance of National Income Analysis.
Inflation- Introduction, meaning of inflationary gap, effects and control of inflation.
Business Cycle- Meaning and phases of business cycle- Recovery, Propriety, Recession, Depression.
• Macro Economic analysis - Edward Shapiro, Galgotia Publication, Delhi
• Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
• Macro economic Theory – M.C. Vaish,WishwaPrakashan, New Delhi
• Macro Economic Theory, H.L.Ahuja, S.Chand& Sons Publication, Delhi
• Dipsey R.G and Cheystal, Principles of economy, Oxford university Press
