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Last Updated : 02 May, 2024
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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

  1. Introduction to Macroeconomics 
  2. Basic Concepts of Macroeconomics
  3. What is Factor Income and Transfer Income?
  4. Consumption Goods and Capital Goods
  5. Final Goods and Intermediate Goods
  6. What is Net Indirect Tax (NIT)?
  7. What is Net Factor Income from Abroad (NFIA)?
  8. Circular Flow of Income: Meaning, Phases, Types, and Significance
  9. Difference between Real Flow and Money Flow
  10. Circular Flow of Income
  11. Leakages and Injections in Circular flow of Income

Chapter 2: National Income Accounting

  1. National Income and Related Aggregates
  2. Domestic Income and Personal Income
  3. Private Income: Meaning, Types and Steps
  4. Personal, National, and Gross National Disposable Income
  5. Difference between Stock and Flow
  6. Circular Flow of Income and Methods of Calculating National Income
  7. Product or Value Added Method of Calculating National Income
  8. Expenditure Method of Calculating National Income
  9. Income Method of Calculating National Income
  10. Three Methods of calculating National Income: Value added Method, Expenditure Method and Income Method
  11. Treatment of Different Items in National Income
  12. Treatment of Different Items in Domestic Income
  13. National Income at Current Price and Constant Price
  14. Difference between Nominal GDP and Real GDP
  15. GDP and Welfare
  16. GDP Deflator

Chapter 3: Money and Banking

  1. What is Barter System and Double Coincidence of Wants?
  2. Evolution and Definitions of Money
  3. Significance of Money
  4. Functions of Money
  5. Contingent, Static and Dynamic Functions of Money
  6. Classification of Money
  7. Demand for Money
  8. Monetary System in India
  9. Money Supply – Features and Measures
  10. Functions of Commercial Bank: Primary Functions and Secondary Functions
  11. Commercial Banks: Advantages and Disadvantages
  12. Credit Creation
  13. Money Multiplier
  14. Functions of Central Bank
  15. Difference between Commercial Bank and Central Bank

Chapter 4: Determination of Income and Employment

  1. Components of Aggregate Demand
  2. Explain the Components of Aggregate Supply or National Income.
  3. What is Consumption Function (Propensity to Consume)?
  4. Types of Propensities to Consume
  5. Difference between APC and MPC
  6. What is Saving Function (Propensity to Save)?
  7. Types of Propensities to Save
  8. Difference between APS and MPS
  9. Relationship between different propensities (APC, MPC, APS and MPS)
  10. Explain the Derivation of Saving Curve from Consumption Curve.
  11. Investment Function: Induced Investment, Autonomous Investment and Determinants of Investment
  12. Difference between Induced Investment and Autonomous Investment
  13. Ex-Ante and Ex-Post Investment
  14. Full Employment and Involuntary Unemployment
  15. Determination of Equilibrium Level of Income: AD-AS Approach and S-I Approach
  16. Aggregate Demand-Aggregate Supply (AD-AS) Approach
  17. Saving-Investment (S-I) Approach
  18. How can we achieve equilibrium level?
  19. What is Investment Multiplier?
  20. Explain the working of Investment Multiplier.
  21. Short-run Fixed Price Analysis of Product Market
  22. What is Excess Demand?
  23. What is Deficient Demand?
  24. Difference between Excess Demand and Deficient Demand
  25. How to control Excess Demand?
  26. How to Control Deficient Demand?
  27. What are the different measures to control Excess Demand and Deficient Demand?
  28. Excess and Deficient Demand in Three-Sector Economy
  29. What is Fiscal Policy and how does it correct Excess Demand and Deficient Demand?

Chapter 5: Government Budget and the Economy

Chapter 6: Open Economy Macroeconomics

Important Formulas:

Important Formulas in Macroeconomics | Class 12

CBSE Previous Year Papers (2020)

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