Introduction of Macro Economics : 1.1 Meaning and Definition of Macro Economics, 1.2 Nature of Macro Economics, 1.3 Scope of Macro Economics, 1.4 Importance of Macro Economics, 1.5 Limitations of Macro Economics, 1.6 Macro Economic Objectives
National Income : 2.1 Meaning and Importance of National Income, 2.2 Concepts of National Income : 2.2.1 Gross National Product (GNP), 2.2.2 Net National Product (NNP), 2.2.3 Gross Domestic Product (GDP), 2.2.4 Per Capita Income (PCI), 2.2.5 Personal Income (PI), 2.2.6 Disposable Income (DI), 2.3 Measurement of National Income : Methods and Difficulties, 2.4 Circular Flow of Income : Two sector model
Theories of Output and Employment : 3.1 Different views on employment theories – The Classical Theory of Employment : J.B. Say, 3.2 Keynes’ Criticism on Classical Theories of Employment, 3.3 Keynesian Theory of Employment and output, 3.4 Criticism of the Keynesians theory
Consumption, Saving and Investment : 4.1 The Consumption Function : 4.1.1 Meaning, 4.1.2 Marginal Propensity to Consume (MPC), 4.1.3 Keynes’s Psychological Law of Consumption, 4.1.4 Determinants of Consumption Function, 4.2 The Saving Function, 4.2.1 Meaning of Saving, 4.2.2 Marginal Propensity to Save (MPS), 4.2.3 Determinants of Savings, 4.2.4 Relationship between Consumption and Saving Function (MPC and MPS), 4.3 Meaning and Types of Investment : Gross, Net, Induced and Autonomous, 4.4 Marginal Efficiency of Capital and its Determinants, 4.5 Concepts of Investment Multiplier and Acceleration Principal