Economics Semester-2

Introduction to Macro Economics

1. Introduction, Definition and Nature of Macro Economics 
2. Types of Macro Economics
3. Scope and Importance of Macro Economics
4. Subject matter of Macro Economics (central issues)
5. Limitation of Macro Economics
6. Stock and Flow Concept
7. Introduction and Definition of National Income
8. Concepts of National Income
9. Methods of measuring National Income
10. Importance of analyzing National Income

Classical Theory of Employment

1. Say’s Law of Markets
2. Wage-Price Flexibility
3. Criticisms of the Classical Theory of Employment 

Keynesian Theory of Employment

1. Keynesian Theory of Employment

New Classical Economics

1. Supply Side Economics
2. Rational Expectation Theory

Macro Economic Policy

1. Business Cycle
2. Inflation and Deflation 
3. Inflationary Gap 
4. Monetary Policy
5. Fiscal Policy