UNIT - I Macro Economics
1. Concept of Macro Economics, 2. Circular Flow of Income, 3. Concepts of National Income, 4. Social Accounting of National Income, 5. National Income and Economic Welfare, 6. The Classical Theory of Employment, 7.Theory of Keynesian Employment, 8.Consumption Function-Average and Marginal Propensity to Consume-Factors Influencing Consumption Spending, 9. Multiplier and Acceleration Principles, 10. Investment-Meaning, Type & Inducement and Marginal Efficiency of Capital & Investment, 11. Keynesian Theory of Liquidity Preference, 12. IS and LM Functions-General Equilibrium of Product and Money Market, 13. Monetary Policy, 14. Fiscal Policy, 15. Inflation, Deflation & Stagflation and Measurement of Inflation, 16. The Phillips Curve, 17. Trade Cycle, 18. Ancient Indian Concept of Aya, Rina and Dana (Market Failure),
UNIT - II Money, Banking and Public Finance
1. Meaning, Definition and Functions of Money, 2. Classification of Money, 3. Value of Money and Quantity Theory of Money, 4. Supply of Money and High Powered Money, 5. Bank : Meaning and Types, 6. Commercial Bank and Credit Creation, 7. Electronic Banking, 8. Meaning, Importance and Functions of Central Banking, 9. Reserve Bank of India : Credit Control, 10. Public Finance : Meaning, Nature and Scope, 11. Public, Private and Merit Goods, 12. Principle of Maximum Social Advantage, 13. Public Expenditure : Meaning, Nature, Wagner and Wiseman Peacock’s Law, 14. Classification and Canons of Public Expenditure, 15. Economic Effects and Public Expenditure, 16. Public Revenue : It’s Classification and Sources, 17. Canons of Taxation and Characteristics of Good Tax System, 18. Incidence, Impact and Shifting of a Tax, 19. G.S.T.—Format and Computing Process, 20. Taxable Capacity in India, 21. Effects of Taxation, 22. Public Debts : Meaning, Role and Classification, 23. Methods of Public Debt Redemption, 24. Deficit Financing, 25. Federal Finance in India, 26. Fifteenth Finance Commission, 27. Central Government Economic Budget 2022-23, 28. Madhya Pradesh Economic Budget 2022-23.
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