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Macroeconomics Class 12
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Introduction
Emergence of Macroeconomics
Context of the Present Book of Macroeconomics
National Income Accounting
1
Some Basic Concepts of Macroeconomics
Circular Flow of Income and Methods of
Calculating National Income
1
The Product or Value Added Method
1
Expenditure Method
Income Method
Some Macroeconomic Identities
Goods and Prices
GDP and Welfare
1
Money and Banking
Functions of Money
Demand for Money
The Transaction Motive
The Speculative Motive
The Supply of Money
Legal Definitions: Narrow and Broad Money
Money Creation by the Banking System
Instruments of Monetary Policy and the
Reserve Bank of India
Income Determination
Ex Ante and Ex Post
Movement Along a Curve Versus Shift of a Curve
The Short Run Fixed Price Analysis of the Product Market
A Point on the Aggregate Demand Curve
Effects of an Autonomous Change on Equilibrium
Demand in the Product Market
The Multiplier Mechanism
The Government: Functions and Scope
Components of the Government Budget
The Revenue Account
The Capital Account
Measures of Government Deficit
Fiscal Policy
Changes in Government Expenditure
Changes in Taxes
Debt
Open Economy Macroeconomics
The Balance of Payments
BoP Surplus and Deficit
The Foreign Exchange Market
Determination of the Exchange Rate
Flexible Exchange Rates
Fixed Exchange Rates
Managed Floating
Exchange Rate Management:
The International Experience
The Determination of Income in an Open Economy
National Income Identity for an Open Economy
Equilibrium Output and the Trade Balance
Trade Deficits, Savings and Investment
12th
Economics
NCERT
Text Book
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