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CONTENT





                         Unit 1:     Introduction to Macro Economics                                 1
                                     Ashwani Panesar, Lovely Professional University

                         Unit 2:     National Income                                                13
                                     Ashwani Panesar, Lovely Professional University

                         Unit 3:     Theories of Income, Output and Employment: Classical Theory    36
                                     Ashwani Panesar, Lovely Professional University

                         Unit 4:     Theories of Income, Output and Employment: Keynesian Theory    63
                                     Ashwani Panesar, Lovely Professional University


                         Unit 5:     Consumption Function                                           87
                                     Ashwani Panesar, Lovely Professional University

                         Unit 6:     Investment                                                    104
                                     Ashwani Panesar, Lovely Professional University

                         Unit 7:     Concept of Multiplier                                         122
                                     Hitesh Jhanji, Lovely Professional University


                         Unit 8;     Money                                                         136
                                     Hitesh Jhanji, Lovely Professional University

                         Unit 9:     General Equilibrium of an Economy: IS-LM Analysis             147
                                     Hitesh Jhanji, Lovely Professional University

                         Unit 10:    Theories of Inflation                                         166
                                     Hitesh Jhanji, Lovely Professional University

                         Unit 11:    Control of Inflation and Philips Curve                        181
                                     Hitesh Jhanji, Lovely Professional University

                         Unit 12:    Balance of Payments                                           199
                                     Hitesh Jhanji, Lovely Professional University

                         Unit 13:    Macro Economic Policies: Monetary Policy                      216
                                     Pavitar Parkash Singh, Lovely Professional University

                         Unit 14:    Macro Economic Policies: Fiscal Policy                        236
                                     Pavitar Parkash Singh, Lovely Professional University
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