UNIT 3 Concepts of Macro Economics and National Income Determination
- Definition, Importance, Limitations of Macro- Economics
- Macro-economic Variables
- Circular flow in 2, 3, 4 sector
- Multiplier in 2, 3, 4 Sector
- National Income- Concepts, Definition
- Methods of Measurement National Income
- National Income in India
- Precautions in Estimation of National Income
- Theory of Full Employment and Income
- Modern (Keynesian) Approach
- Consumption Function