Objective of Macroeconomics
Distinction b/w Micro- and Macroeconomics.
Instruments of macroeconomic policy.
Tools of macroeconomic analysis.
Time frame in macroeconomic analysis.
NATIONAL INCOME ACCOUNTS
Concepts, Measurement and Issues
After studying this chapter, you should be able to:
Explain how total production (GDP) is measured.
Be familiar with other measures of total production and total
Understand the relevance of AD-AS model.
Discuss the determinants of AD, and distinguish between a
movement along the AD curve and a shift of the curve.
Discuss the determinants of A
Economics of Consumption,
Saving and Investments
Why is Consumption Important?
Consumption (C) is a significant component of aggregate demand
GDP = C + I + G + X M
Indias GDP at Market Prices in Bn, 2004-05=100
Keynesian Theory of Output
Understanding Business Cycles
Business cycles occur because of changes in
spending on C, I, G or X-M.
Therefore, one needs to understand the
mechanism by which changes in spending get
Demand and Supply Analysis
of Breakfast Cereal Industry
ByGroup 2, Section A
Ashish Jha (15P012)
Sourobh Das (15P052)
Global Breakfast Cereals