Macroeconomics – Free, Comprehensive and Updated Study Material / Notes
Modern economics has two major branches of economic studies-Micro-economics and Macroeconomics. Compared to microeconomics, macroeconomics is a relatively new branch of economics. K.E. Boulding makes the distinction between them more clear and more specific when he says, “Microeconomics is the study of particular firms, particular households, individual prices, wages, incomes, individual industries, particular commodities.”
“Macroeconomics deals not with individual quantities as such but with aggregates of these quantities; not with individual incomes but with the national income; not with individual prices but with the price level; not with the individual outputs but with the national output.”
This page of Simplynotes provides study material on various topics of macroeconomics. The major goal of creating this page is to provide comprehensive and free study material on Macroeconomics at one stop and at one click only. It is a humble attempt to introduce students to the various dimensions of macroeconomics. Beginning with an introduction to the concept and approach of Macroeconomics, it moves on to deal with various aspects and issues related to the subject in detail. I hope this website will prove handy and helpful to both students and teachers alike. We would welcome any observations and suggestions for further improvement.
Following is the list of topics that are relevant and essential at an undergraduate and post graduate level of most Indian Universities.
Meaning and Definitions of Macroeconomics
National Income – Meaning, Definitions and Measurement
Macroeconomics equilibrium – Meaning and important Implications
Boom and Recession – Meaning, Features, Causes and Key Diffrences
Income-consumption Relationship
Absolute, Relative and Permanent Income Hypothesis
Fiscal Policy – Meaning, Definition, Instruments and Objectives
Fiscal Deficit -Meaning, Calculation, Components, Implications, Causes, Measures and Importance
Fiscal Deficit Vs. Deficit Financing / Difference between Fiscal Deficit and Fiscal Financing
Measures of Money Supply -M1, M2, M3 and M4
Promotional and Regulatory Role of Central Bank
