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Key Macro-Economics Topics for UGC-NET

The document outlines important topics in macroeconomics for the UGC-NET exam, including national income, classical and Keynesian theories of employment, consumption functions, and theories of investment. It also covers concepts of money supply, inflation theories, business cycles, and the IS-LM approach. Additional topics mentioned include Okun's law, balance of payments, and various economic effects.

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82 views22 pages

Key Macro-Economics Topics for UGC-NET

The document outlines important topics in macroeconomics for the UGC-NET exam, including national income, classical and Keynesian theories of employment, consumption functions, and theories of investment. It also covers concepts of money supply, inflation theories, business cycles, and the IS-LM approach. Additional topics mentioned include Okun's law, balance of payments, and various economic effects.

Uploaded by

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

Subject -2

Macro-economics
Important topics for
UGC-NET
Economics
[Link] Income-

Aggregates Nominal GDP


Real GDP
of N.Y GDP deflator

Base year of GDP


Base year of WPI,&CPI,
[Link] theory of employment
Assumptions .
Determination of output and employment in
different equilibrium.

[Link] [Link] [Link] [Link]


mkt eqm mkt eqm mkt eqm price
flexibility
Keynesian critics over classical
[Link] theory of Income
Output and employment

Unemployment and full employment

Classical view

Keynesian views
[Link] function
propensities

Propensity to Propensity to
consume save

APC MPC
APS MPS
[Link] of Multiplier
Employment multiplier
Investment multiplier
Balance budget multiplier
Super multiplier

Concept of Accelerator
[Link] important theories of macro-economics

[Link] [Link] cycle


psychological [Link]
[Link] Hypo.
law of income
hypo. income hypo
consumption

Absolute
income
hypothesis
[Link] of investment
Determinants of investment-
Acc to cllassical,
Acc to keynes,
Acc to modern economist.

[Link] theory of investment-fisher


Financial theory of investment- Duesenberry

Neo-classical theory of investment-jorgenson


Tobin Q-Theory of Investment
[Link] of Money
Supply of money- M1,M2,M3,M4
High power money
Money multiplier
RBI’s monetary Instrument
Quantity theory of money

Cash Cash balance


transaction approach
approach Marshall , Pigou,
Irvin fisher Robertson,and keynes
Keynesian theory of Money and Price

Friedman restatement of the QTM

Keynes vs Friedman
[Link] approach
(Liquidity preference)

[Link] theories of LP

Boumal Tobin
inventory portfolio
theoretical selection
approach model
[Link] important effects

[Link] [Link]
[Link]
effect(wealth balance
effect
effect) effect
[Link] of inflation

Classical [Link] Monetarist


view view view

Philip curve analysis

Short run Long run


PC PC(Friedman
view)
[Link] of business cycle

[Link] [Link] [Link]


theory of BC theory of theory of
BC BC

[Link]-web
model of [Link] [Link]
BC theory of theory of
BC BC
[Link]-LM approach
IS-LM and monitory policy

IS-LM and fiscal policy

[Link] classical macro-


economics model
Some important topics

Okun’s law
Balance of payment
Golden rule of acumination- Admund phelp
Trickle up and trickle down effects.

Real business cycle


Greshams law
Concept of deflation
Money illusion

Fiscal illusion
Subject -3
international-
economics
Important topics for
UGC-NET
Economics

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