The course is divided into four sections.

In section A, we shall define Macroeconomics and try to understand the major issues of macroeconomics like unemployment, inflation and economic growth.

Section B will give you idea about various concepts of national income like GNP and GDP, and the significance of their measurement in nominal and real forms will be discussed with particular examples.

Aggregate demand and Consumption function are core concepts in Macroeconomics which will be discussed in section C, following which we shall examine the national income determination process in the Keynesian model.

And in the final section, that is, in section D, we shall deal with the most important part of the course ‘Demand Management Policies’. In this section, various policy effects of the government or of central bank will be addressed with necessary illustrations.