View Economics View All Subject MICROECONOMICS Topic-Wise Notes National Income 1. Concept of Stock & Flow 2. Sectors of the Economy 3. National Income Accounting & National Income Identities: Measurement of National Income, Problems of Measurement of National Income in India 4. Structure of Indian Economy Through National Account Statistics 5. Circular Flow of Income in two, three and four Sector Economy 6. Measurement of Cost of Living: CPI, GNP Delfator Theory of Employment and Income 1. Classical Analysis of Determination of Equilibrium Output and Employment 2. Simple Keynesian Theory of Employment and Income Determination: With and Without Government Sector 3. The Neo-Classical Synthesis: The IS-LM Model and the interaction of the Real and Monetary Sectors 4. IS-LM Model in the open Economy under Fixed Exchange Rate without Capital Mobility Consumption Function 1. Keynes Psychological Law of Consumption and its Implications 2. Theories of Consumption Function: Absolute, Relative, Permanent Income Hypothesis and Life Cycle Hypothesis 3. Consumption Under Uncertainty 4. Concept of Investment Multiplier: Simple and Dynamic, Leakages and Limitations 5. The Principle of Acceleration & Interaction of Accelerator and Multiplier 6. Investment Function: Types of Investment, Concept of MEC and MEI Economic Fluctuations 1. Trade Cycle: Nature and Characteristics 2. Theories of Trade Cycle: Samuelson & Hicks 3. Control of Trade Cycle & Recent Recession in the World Subjective Q&A National Income 1. Concept of Stock & Flow 2. Sectors of the Economy 3. National Income Accounting & National Income Identities: Measurement of National Income, Problems of Measurement of National Income in India 4. Structure of Indian Economy Through National Account Statistics 5. Circular Flow of Income in two, three and four Sector Economy 6. Measurement of Cost of Living: CPI, GNP Delfator Theory of Employment and Income 1. Classical Analysis of Determination of Equilibrium Output and Employment 2. Simple Keynesian Theory of Employment and Income Determination: With and Without Government Sector 3. The Neo-Classical Synthesis: The IS-LM Model and the interaction of the Real and Monetary Sectors 4. IS-LM Model in the open Economy under Fixed Exchange Rate without Capital Mobility Consumption Function 1. Keynes Psychological Law of Consumption and its Implications 2. Theories of Consumption Function: Absolute, Relative, Permanent Income Hypothesis and Life Cycle Hypothesis 3. Consumption Under Uncertainty 4. Concept of Investment Multiplier: Simple and Dynamic, Leakages and Limitations 5. The Principle of Acceleration & Interaction of Accelerator and Multiplier 6. Investment Function: Types of Investment, Concept of MEC and MEI Economic Fluctuations 1. Trade Cycle: Nature and Characteristics 2. Theories of Trade Cycle: Samuelson & Hicks 3. Control of Trade Cycle & Recent Recession in the World
