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Subject: Economics, Course Title: Macro Economics, Course Code: A080201T, Course Learning Outcomes, Students are able to explain national income, comprehend calculation methods of national income, and, concepts related to national income., Students are able to comprehend classical theory of employment and the Keynesian approach., Students are able to comprehend the concept of multiplier and it's working., Students are able to understand the relationship between inflation and employment., Students are able to relate factors determining national income such as consumption, saving and investment., Students are able to analyze different phases of trade cycle, demonstrate various trade cycle theories,, understand the impact of cyclical fluctuation on the growth of business, and lay policies to control trade, сycle., Core Compulsory, Min. Passing Marks:40, Total No. of Lectures-Tutorials-Practical (in hours per week): L- 4/w, Credits: 6, Max. Marks: -25+75, Unit, Тopics, No. of, Lectures, Introduction: What is macroeconomics? Macroeconomic issues in an, economy. Macro vs. Micro Economics, Limitations of Macroeconomics;, Introduction to National Income. Concepts of GDP,, I, 12, 1

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12, 2, National Income Accounting: Concepts of GDP GNP, NDP and NNP at, market price and factor cost; Personal Income and Disposable Personal, Income. Measurement of National Income- Income, expenditure, product or, Value added Methods and related aggregates; nominal and real income;, limitations of the GDP concept., II, Circular Flow of Income and expenditure in two, three, and four-sector, economy. National Income and Economic Welfare; Green Accounting., Classical Theory of Employment. Say's Law of Markets. Keynes', Objection to the Classical Theory; Aggregate Demand and Aggregate, Supply Functions; The Principle of Effective Demand; Consumption, Function, influencing Consumption Spending, III, 11, IV, 11, Average and Marginal Propensity to Consume; Factors, Part II, The Investment Multiplier and its Effectiveness in LDCS; Theory of, Investment Autonomous and Induced Investment; Marginal Efficiency, of Capital; Savings and Investment Ex Post and Ex Ante, Equality and, Equilibrium. Principle of Accelerator., Rate of Interest: Classical, Neo-Classical and Keynesian Theories of, Interest. Indeterminateness in Liquidity Preference Theory, V, 11, VI, 11, IS-LM Analysis: Derivations of the IS and LM functions; IS-LM and, aggregate demand; shifts in the AD curve., Inflation and Unemployment Concept of inflation; determinants of, inflation; relationship between inflation and unemployment: Phillips Curve, in short run and long run., VII, 11, VIII, 11