Macroeconomics Last Updated : 23 Apr, 2024 Improve Improve Like Article Like Save Share Report Macroeconomics is a part of economics that focuses on how general economies, markets, or different systems that operate on a large scale behave. Macroeconomics concentrates on phenomena like inflation, price levels, rate of economic growth, national income, gross domestic product (GDP) and changes in unemployment. Macroeconomics- 12 Chapter 1: Introduction Introduction to Macroeconomics Basic Concepts of Macroeconomics What is Factor Income and Transfer Income? Consumption Goods and Capital Goods Final Goods and Intermediate Goods What is Net Indirect Tax (NIT)? What is Net Factor Income from Abroad (NFIA)? Circular Flow of Income: Meaning, Phases, Types, and Significance Difference between Real Flow and Money Flow Circular Flow of Income Leakages and Injections in Circular flow of Income Chapter 2: National Income Accounting National Income and Related Aggregates Domestic Income and Personal Income Private Income: Meaning, Types and Steps Personal, National, and Gross National Disposable Income Difference between Stock and Flow Circular Flow of Income and Methods of Calculating National Income Product or Value Added Method of Calculating National Income Expenditure Method of Calculating National Income Income Method of Calculating National Income Three Methods of calculating National Income: Value added Method, Expenditure Method and Income Method Treatment of Different Items in National Income Treatment of Different Items in Domestic Income National Income at Current Price and Constant Price Difference between Nominal GDP and Real GDP GDP and Welfare GDP Deflator Chapter 3: Money and Banking What is Barter System and Double Coincidence of Wants? Evolution and Definitions of Money Significance of Money Functions of Money Contingent, Static and Dynamic Functions of Money Classification of Money Demand for Money Monetary System in India Money Supply – Features and Measures Functions of Commercial Bank: Primary Functions and Secondary Functions Commercial Banks: Advantages and Disadvantages Credit Creation Money Multiplier Functions of Central Bank Difference between Commercial Bank and Central Bank Chapter 4: Determination of Income and Employment Components of Aggregate Demand Explain the Components of Aggregate Supply or National Income. What is Consumption Function (Propensity to Consume)? Types of Propensities to Consume Difference between APC and MPC What is Saving Function (Propensity to Save)? Types of Propensities to Save Difference between APS and MPS Relationship between different propensities (APC, MPC, APS and MPS) Explain the Derivation of Saving Curve from Consumption Curve. Investment Function: Induced Investment, Autonomous Investment and Determinants of Investment Difference between Induced Investment and Autonomous Investment Ex-Ante and Ex-Post Investment Full Employment and Involuntary Unemployment Determination of Equilibrium Level of Income: AD-AS Approach and S-I Approach Aggregate Demand-Aggregate Supply (AD-AS) Approach Saving-Investment (S-I) Approach How can we achieve equilibrium level? What is Investment Multiplier? Explain the working of Investment Multiplier. Short-run Fixed Price Analysis of Product Market What is Excess Demand? What is Deficient Demand? Difference between Excess Demand and Deficient Demand How to control Excess Demand? How to Control Deficient Demand? What are the different measures to control Excess Demand and Deficient Demand? Excess and Deficient Demand in Three-Sector Economy What is Fiscal Policy and how does it correct Excess Demand and Deficient Demand? Chapter 5: Government Budget and the Economy Government Budget and the Economy: Characteristics, Objectives and Components of Budget Revenue Receipt and Revenue Expenditure: Meaning and Classification Difference between Direct and Indirect Tax Capital Receipt and Capital Expenditure: Meaning and Sources of Capital Receipts Difference between Revenue Receipt and Capital Receipt Difference between Revenue Expenditure and Capital Expenditure Measures of Government Deficit: Revenue Deficit, Fiscal Deficit and Primary Deficit Difference between Fiscal Deficit and Revenue Deficit Difference between Primary Deficit and Fiscal Deficit Plan and Non-plan Expenditure Developmental and Non-developmental Expenditure Chapter 6: Open Economy Macroeconomics Foreign Exchange Rate: Meaning and Types Currency Depreciation and Currency Appreciation Types of Foreign Exchange Rate Demand and Supply for Foreign Exchange Determination of Exchange Rate Foreign Exchange Market: Functions and Types Fixed Exchange Rate System | Meaning, Methods, Merits and Demerits Flexible Exchange Rate System | Meaning, Merits and Demerits Managed Floating Exchange Rate System | Meaning, Objectives, Merits and Demerits Devaluation of Currency| Reasons, Effects, Example and Critical Evaluation Depreciation of Currency | Effects, Examples and Critical Evaluation Difference between Devaluation and Depreciation Balance of Payment and its Components: Capital and Current Account Difference between Current Account and Capital Account of BoP Difference between Balance of Payment and Balance of Trade Balance of Payments: Surplus and Deficit, Autonomous and Accommodating Transactions, Errors and Omissions CBSE Previous Year Papers (2020) CBSE Class 12 Economics Solved Question Paper 2020 – Set 1 CBSE Class 12 Economics Solved Question Paper 2020 (Set 58/1/2) Class 12 Economics Solved Question Paper 2020 (Set 58/1/3) CBSE Class 12 Economics Solved Question Paper 2020 – Set 2 CBSE Class 12 Economics Solved Question Paper 2020 – Set 2 (58/2/2) CBSE Class 12 Economics Solved Question Paper 2020 – Set 2 (58/2/3) CBSE Class 12 Economics Solved Question Paper 2020 – Set 3 CBSE Class 12 Economics Solved Question Paper 2020 – Set 3 (58/3/2) CBSE Class 12 Economics Solved Question Paper 2020 – Set 3 (58/3/3) CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (Code No. 58/4/1) CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (58/4/2) CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (58/4/3) CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/1) CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/2) CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/3) Like Article Suggest improvement Previous Statistics for Economics Next Indian Economic Development Share your thoughts in the comments Add Your Comment Please Login to comment...