Coming soon
Macro Economic Theory II
To explain the advanced concepts of Macroeconomics like consumption, investmentfunction, 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
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
