Macroeconomics

Chapter 1: NATIONAL INCOME

Basic Macroeconomics concepts
The Circular flow of income and expenditure
Injection and withdrawal/leakages
Method of measuring national income
Example Multiple Choice Question

Chapter 2: DETERMINATION OF NATIONAL INCOME EQUILIBRIUM

Aggregate demand (AD) and aggregate supply (AS)
Concepts equilibrium of National Income
Consumption Theory
Saving Theory
Investment theory
Example Questions


Chapter 3: INFLATION

Inflation rates
Typed of inflation
Effects of inflation
Remedies/ Ways to control inflation


Chapter 4: UNEMPLOYMENT

Unemployment Rate
Types of unemployment
Costs of unemployment
Policies to reduce unemployment


Chapter 5: GLOBAL ENVIRONMENT/ INTERNATIONAL TRADE

Definition of International trade
Importance of international trade
Advantages of international trade.
Disadvantages of international trade.
Absolute advantages
Comparative advantages
Protectionism of international trade
Reasons of protectionism
The Balance Of Payments
Policy to reduce BOP deficit
Example Multiple Choice Questions
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