Syllabus
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Course Code: CC-1 IN-ECX-102 Course Name: Macro Economics-I |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | (i-a) Nature and scope of Macroeconomics: Introduction to Macro-economic data; Circular flow of income (i-b) Gross and Net national product, national and personal income, methods of national income accounting. |
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| 2 | (ii-a) Theories of Employment: Classical Theory of Employment, Say’s Law of Markets, (ii-b) Keynesian Theory of Employment. |
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| 3 | (iii-a) Consumption function: Psychological law of consumption (iii-b) Absolute income hypothesis, Life cycle hypothesis and Permanent income hypothesis |
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| 4 | (iv-a) Investment and Investment function. Types of Investment, and determinants of Investment, Concept of Investment Multiplier (iv-b) Decision to Invest: MEC and rate of interest. Multiplier-Accelerator interaction. Applicability of Keynesian Theory to the developing countries |
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