Menu

You have no items in your shopping cart.

Macro Economics Concepts and Applications MCOM Semester II

Macro Economics Concepts and Applications MCOM Semester II

Description

Macro Economics Concepts and Applications

MCOM Part I Semester II

Content:

1. Aggregate Income and its Dimensions
l Aggregate Income and its dimensions : National income aggregates - and measurement; - GNP, GDP, NDP, Real and nominal income concepts, measures of inflation and price indices - GDP deflator - Nominal and real interest rates - PPP income and HDI

2. Keynesian Concepts of Aggregate Demand (ADF), Aggregate Supply (ASF)
l Keynesian concepts of Aggregate Demand (ADF), Aggregate Supply (ASF), Interaction of ADF and ASF and determination of real income; Inflationary gap
l Policy trade - off between Inflation and unemployment - Phillips’ curve - short run and long run

3. Economic Policy Implications in the IS-LM Framework
l The IS-LM model : Equilibrium in goods and money market; Monetary and real influences on IS-LM curves, Economic fluctuations and Stabilisation policies in IS-LM framework - Transmission mechanism and the crowding out effect; composition of output and policy mix, IS-LM in India

4. International Aspects of Macroeconomic Policy
l International aspects of Macroeconomic policy: Balance of payments disequilibrium of an open economy - corrective policy measures - Expenditure changing policies and expenditure switching policies BOP adjustments through monetary and fiscal policies - The Mundell - Fleming model - Devaluation, revaluation as expenditure switching policies - effectiveness of devaluation and J - curve effect

Additional Information

Add To Cart No
ISBN-13 978-93-88626-32-3
AUTHOR Dr. P. A. Johnson, A. D. Mascarenhas
YEAR 2019
ED Third
PAGES 184
SUBJECT Macro Economics Concepts and Applications MCOM Semester II
LANGUANGE English