Macro Economics Notes

Notes - Macro Economics 

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UNIT - 1 - NATIONAL INCOME ACCOUNTING

1. Concept of Stock and Flow

2. Circular Flow of Income

3. Basic Concept of National Income - Consumption, Capital, Final, Intermediate Goods

4. Basic Concept of National Income - Factor Income, Transfer Income, Depreciation

5. Basic Concept of National Income - Net Indirect Tax and Net Factor Income from Abroad

6. National Income and Related Aggregates - GDP, GNP. NDP, NNP

7. National Income Calculation - Value Added Method

8. National Income Calculation - Income Method 

9. National Income Calculation - Expenditure Method

10. National Income Calculation Methods - Precautions and Steps

11. GDP Deflator

12. GDP and Externalities

13. GDP as a Measure of Welfare Index

UNIT - 2 - MONEY AND BANKING

14. Money and Its Supply

15. Credit Creation by Commercial Banks

16. Functions of Central Bank

17. RBI as Credit Controller