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Key Economic Concepts and Theories

The document lists important economic questions covering topics like circular flow of income, GDP, theories of employment and inflation, money supply, classical and Keynesian theories of money, balance of payments, exchange rates, and conditions impacting balance of trade.

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5 views1 page

Key Economic Concepts and Theories

The document lists important economic questions covering topics like circular flow of income, GDP, theories of employment and inflation, money supply, classical and Keynesian theories of money, balance of payments, exchange rates, and conditions impacting balance of trade.

Uploaded by

prodigytbk1
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Eco important questions:

1) circular flow of income in 2,3,4 economies.

2) gdp, gnp sum

3) jb says law, ac Pigou’s law, Keynes criticism towards


classical theory of employment and income

4) inflation: types, cause and effects, remedies.

5) money: limitations of barter system, measures of money by


rbi, forms of money (m1, m2, m3, m4...), function of money

6) classical theory of money (Fischer quantity money)


Keynesian theory of money, balance of payment, balance of
trade

7) equilibrium and dis equilibrium in balance of payment

8) monetary approach to find exchange rate & floating


exchange rate

9) favorable and uni-favourable conditions in balance of trade

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