(Download) NCERT Books for UPSC & State PSC Exams: Class XII (Economics - Macroeconomics)


(Download) NCERT Books for UPSC & State PSC Exams: Class XII (Economics - Macroeconomics)


Content:

1. INTRODUCTION

  • Emergence of Macroeconomics
  • Context of the Present Book of Macroeconomics

2. NATIONAL INCOME ACCOUNTING

  • Some Basic Concepts of Macroeconomics
  • Circular Flow of Income and Methods of Calculating National Income
  • The Product or Value Added Method
  • Expenditure Method
  • Income Method
  • Factor Cost, Basic Prices and Market Prices
  • Some Macroeconomic Identities
  • Nominal and Real GDP
  • GDP and Welfare

3. MONEY AND BANKING

  • Functions of Money
  • Demand for Money and Supply of Money
  • Demand for Money
  • Supply of Money
  • Money Creation by Banking System
  • Balance Sheet of a Fictional Bank
  • Limits to Credit Creation and Money Multiplier
  • Policy Tools to Control Money Supply

4. DETERMINATION OF INCOME AND EMPLOYMENT

  • Aggregate Demand and its Components
  • Consumption
  • Investment
  • Determination of Income in Two-sector Model
  • Determination of Equilibrium Income in the Short Run
  • Macroeconomic equilibrium with price level fixed
  • Effect of an autonomous change in aggregate demand on income and output
  • The Multiplier Mechanism
  • Some More Concepts

5. GOVERNMENT BUDGET AND THE ECONOMY

  • Government Budget – Meaning and its Components
  • Objectives of Government Budget
  • Classification of Receipts
  • Classification of Expenditure
  • Balanced, Surplus and Deficit Budget
  • Measures of Government Deficit

6. OPEN ECONOMY MACROECONOMICS

  • The Balance of Payments
  • Current Account
  • Capital Account
  • Balance of Payments Surplus and Deficit
  • The Foreign Exchange Market
  • Foreign Exchange Rate
  • Determination of the Exchange Rate
  • Merits and Demerits of Flexible and Fixed Exchange Rate Systems
  • Managed Floating

GLOSSARY


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Courtesy: NCERT