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Semester 4 · Subject 8 of 9

Macro Economics

38 chapters · 5 modules · about 8 hours of reading

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Before Unit I

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  1. The cover 1 page
  2. The contents 38 chapters
Unit I

Introduction to Macro Economics and N-I

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  1. 1 Economics: Macro Economics: What This Paper Covers, and How to Read This Book (locked) 4 min
  2. 2 Microeconomics and Macroeconomics (locked) 12 min
  3. 3 Macroeconomics: Its Nature, Scope, Importance and Uses (locked) 9 min
  4. 4 The Micro-Macro Paradox and the Paradox of Thrift (locked) 10 min
  5. 5 National Income: Meaning and Definitions (locked) 14 min
  6. 6 National Income: The Concepts (locked) 18 min
  7. 7 The Circular Flow of Income (locked) 12 min
  8. 8 Measuring National Income (locked) 15 min
  9. 9 The Difficulties of Measuring National Income in India (locked) 12 min
Unit II

Theories of Employment

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  1. 10 Say's Law of Markets (locked) 16 min
  2. 11 The Classical Theory of Income, Output and Employment (locked) 14 min
  3. 12 Wage-Price Flexibility and the Pigou Effect (locked) 12 min
  4. 13 The Consumption Function and the Propensity to Consume (locked) 13 min
  5. 14 Saving and Investment: the Classical and the Keynesian Theories (locked) 8 min
  6. 15 The Multiplier (locked) 11 min
  7. 16 The Investment Function and the Marginal Efficiency of Capital (locked) 12 min
  8. 17 Effective Demand and Its Determination (locked) 12 min
  9. 18 The Keynesian Theory of Employment (locked) 18 min
  10. 19 The Liquidity Preference Theory of Interest (locked) 10 min
  11. 20 The Classical and Keynesian Theories Compared (locked) 10 min
Unit III

Trade Cycle

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  1. 21 Trade Cycles and Their Phases (locked) 14 min
  2. 22 The Climatic, Psychological and Under-Consumption Theories of Trade Cycles (locked) 10 min
  3. 23 The Monetary and Over-Investment Theories: Hawtrey and Hayek (locked) 11 min
  4. 24 Schumpeter's Innovation Theory of Trade Cycles (locked) 9 min
  5. 25 Why Trade Cycles Happen, and What Governments Do About Them (locked) 19 min
Unit IV

Public Revenue

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  1. 26 Public Finance and the Shape of the Indian Tax Structure (locked) 16 min
  2. 27 The Sources of Public Revenue (locked) 14 min
  3. 28 The Meaning of a Tax, and Progressive, Proportional and Regressive Taxes (locked) 8 min
  4. 29 Direct Taxes in India (locked) 16 min
  5. 30 Indirect Taxes and the Goods and Services Tax (locked) 19 min
  6. 31 The Characteristics of a Good Tax System (locked) 11 min
  7. 32 Impact, Incidence and Shifting of a Tax (locked) 10 min
  8. 33 The Effects of Taxation on Production, Consumption and Distribution (locked) 10 min
Unit V

Public Expenditure and Debt:

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  1. 34 Public Expenditure and Its Classification (locked) 14 min
  2. 35 Why Public Expenditure Grows (locked) 17 min
  3. 36 The Canons and Effects of Public Expenditure, and Maximum Social Advantage (locked) 14 min
  4. 37 Public Debt: Its Types and Its Repayment (locked) 15 min
  5. 38 Deficits, Public Debt and the FRBM Act (locked) 21 min

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