Coming soon
Macro Economic Theory II
To explain the advanced concepts of Macroeconomics like consumption, investment function, multiplier concept, inflation and business cycle.
Consumption function – Meaning, Attributes of Consumption functions, Significance of Marginal Propensity to Consume, Determination of consumption functions
Investment function – Meaning of Investment, Marginal efficiency of capital, Marginal Efficiency of Capital and Investment demand curve, Marginal Efficiency of Capital and rate of interest, factors affecting marginal efficiency of capital.
Concept of Multiplier – Working of Multiplier, Assumptions of Multiplier, Leakages of Multiplier, Significance and Limitation of Multiplier. Accelerator- Meaning, Principles, Difference between Multiplier- Accelerator.
Inflation – Introduction, Meaning, Inflationary Gap, Demand- Pull and Cost-Push Inflation, Effects and Control of Inflation.
Business Cycles – Meaning and Nature, Phases of Business Cycle – Recovery, Propriety, Recession, Depression. Theory of Trade Cycle – Schumpeter Theory and Keynesian Theory, Criticism
• Macro Economic Analysis - Edward Shapiro, Galgotia Publication
•Delhi Macro Economic theory - M.L. Seth, Laxmi Narayan Agarwal, Agra
• Macroeconomic Theory – M.C. Vaish,Wishwa Prakashan, New Delhi
• Macro Economic Theory, H.L.Ahuja, S.Chand & Sons Publication, Delhi
•Dipsey R.G and Cheystal, Principles of economy, Oxford University Press
