Contents

1. Basic Concepts of Macro Economics

1.1 Introduction

1.2 Scope of macroeconomics 

1.3 Limitations

1.4 Importance

1.5 Objectives / goals of macro economic policy

2. National Income

2.1 Introduction

2.2 Concept of National income

2.3 Measurement of National income

2.4 Difficulties in the calculation of National income

2.5 National income, savings and investments in Indian economy

2.6 Growth of National income since 1951

2.7 Trends in National income growth and per-capita income

3. Theory of Income and Employment

3.1 Say’s law of market

3.2 Keynesian theory of income and employment

4. Savings and Investment

4.1 Consumption function

4.2 The investment function 

4.3 The investment multiplier

4.4 Principle of acceleration

5. Business Cycle, Inflation and Deflation

5.1 Introduction

5.2 Phases of trade cycles

5.3 Recession

5.4 What is inflation?

5.5 Inflation and deflation 

5.6 Inflation and unemployment

5.7 Deflation 

6. Macro Economic Policies

6.1 Monetary policy

6.2 Fiscal policy

Solved BBA Question Papers (Pune University) – October 2011