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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