प्रारम्भिक समष्टि अर्थशास्त्र (Introductory Macro Economics) Syllabus For B.A. (Hons.) IInd Semester of Ranchi University & Nilamber-Pitamber University

Unit-I : Introduction to Macroeconomics
1. Macroeconomics, Meaning and Scope;
2. Concept and Measurement of GDP, GNP, NDP and NNP at market price and factor cost;
3. Methods of measuring National Income (Product Method, Expenditure, Income Method);
4. Circular Flow of Income in a Two Sector, Three Sector and Four Sector Model; Real and Nominal GDP.

Unit-II : Money
1. Functions of money.
2. Determinants of Demand for Money and Supply of Money.
3. Quantity Theory of Money-Cash Transaction and Cash Balance Approach; Keynesian
4. Theory of Money and Prices.
Unit-III : Inflation
1. Definition and types of inflation.
2. Demand Pull and Cost Push Inflation.
3. Measures to control inflation-Fiscal and Monetary policy;
4. Phillips Curve.
Unit-IV : Banking
1. Objectives, Functions of Central Bank;
2. Methods of Credit Control-Quantitative and Qualitative methods;
3. Monetary Policy-Objectives and Instruments.
Unit-V : Theories of Employment and Income
1. Classical theory of Employment; Keynesian theory of Effective Demand.
2. Consumption Function, Saving Function-MPC and MPS; Factor affecting Consumption Function; Investment Function-Autonomous and Induced Investment.
3. Marginal Efficiency of Capital (MEC) and Factors affecting MEC;
4. Keynesian Multiplier.
Unit-VI : Trade Cycle
1. Meaning, Phases of trade cycle;
2. Hawtrey’s theory of trade cycle.
3. Monetary measures to control trade cycle.
4. Fiscal measures to control trade cycle.

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