Macro Economics — Summer 2022

Explain in detail circular flow of Income and Expenditure with the help of a flow chart?

Define and explain National Income using different methods of measuring National income.

Explain the Principle of Effective Demand with the help of diagram.

Explain briefly the Keynesian Theory of Demand for Money.

Explain with the help of diagrams the four sector model of income determination.

Define Money. Briefly explain the Irving Fisher’s Quantity Theory of Money

What do you mean by economic growth? Discuss the factors affecting economic growth in detail.

What do you mean by Inflation? Explain different types of inflation

What do you mean by a Business Cycle? Explain briefly with the help of diagram different phases of Business cycle

What do you mean by monetary policy? Explain in brief the quantitative measure used to control inflation.

Explain the scope of fiscal policy in a developing economy.

What is meant by fiscal policy? Discuss in detail the instruments of fiscal policy

What do you mean selective credit control measures? Elucidate how the selective credit control measures are used to control inflation and deflation

What is Philips curve? Why does the short run Philips Curve slope downwards?

Explain the limitations and effectiveness of monetary policy in a developing country like India

Distinguish between:

Stock and flow variables

Partial and general equilibrium

NDP at Factor cost and GNP at Market Price

Explain the J.M. Keyne’s life-cycle theory of consumption in short Page 1 of 1