 Concepts, Scope, Types of Macro Economics-Macro Static, Macro Dynamic and Comparative Static
 Indicators of Economic Growth
 Difference between growth and Development
 Circular Flow of Income in two sectors, three sector, and four sector economy

 Classical Theory – Determination of Full employment output, Say’s Law of Market
 Keynesian Theory: Effective demand, determination of effective demand and equilibrium.
 Difference between Classical and Keynesian theory.
 Psychological Law of Consumption.

 Meaning of Investment, Marginal efficiency of capital,
 Marginal Efficiency of Capital and Investment demand curve,
 Marginal Efficiency of Capital and rate of interest, factors affecting marginal efficiency of capital.
 Multiplier: Concept, working of Multiplier & Leakages of Multiplier. Meaning of Accelerator, Difference between Multiplier and Accelerator

 Inflation: Introduction, Meaning, Types of Inflation, Inflationary Gap, Demand- Pull and Cost – Push Inflation, Effects, Causes and Control of Inflation.
 Trade Cycle: Different Stages of Trade cycle

 Defination of National Income, Components of National Income
 Methods of Measuring National Income
 Importance of National Income
 Difficulties in Measuring National Income