Page 6 - DECO402_Macro Economics

CONTENT

Unit 1: Introduction of Macroeconomics 1
Dilfraz Singh, Lovely Professional University

Unit 2: National Income : Concept of National Income 12
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Unit 3: Economic Welfare and National Income 29
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Unit 4: Sectorial Accounting 36
Hitesh Jhanji, Lovely Professional University

Unit 5: Classical Theory of Employment 45
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Unit 6: Keynesian Theory of Employment 55
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Unit 7: Theory of Consumption Function 63
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Unit 8: Relative Income Hypothesis 68
Ashwani Panesar, Lovely Professional University

Unit 9: Permanent Income and Life Cycle Hypothesis 73
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Unit 10: Investment Function 80
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Unit 11: The Theory of Acceleration 91
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Unit 12: Demand of Money: Quantity Theory of Money 99
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Unit 13: Keynesian Approach 112
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Unit 14: Contribution of Boumol and Tobin 120
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Unit 15: Restatement of Friedman’s Quantity Theory of Money 129
Tanima Dutta, Lovely Professional University