About Lesson
There are four main sectors which perform economic activities in an economy these are given below:-
- Household Sector.
- Producer Sector.
- Government Sector.
- External sector or Rest of the world sector.
Ch – 1 Introduction
ECONOMICS
(a) Meaning of Economics
(b) Types/Branches of Economics
(c) Interdependence between Micro and Macro Economics
SCOPE OF MACRO-ECONOMICS.
EVOLUATION OF MACRO-ECONOMICS.
MACRO- ECONOMICS SECTORS OF AN ECONOMY.
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Ch- 2 Basic concepts of macro- economics and circular how of income
(I) Basic Concepts of macroeconomics:-
Introduction.
Intermediate Goods.
Final Goods.
(a) Consumption Goods.
(b) Capital Goods.
The Concepts of stocks and flows.
Gross Investment net investment and Depreciation.
(II) Circular Flow of Income:-
Meaning of Circular flow.
Principles of circular flow of income.
Circular flow of income in a two sector economy.
Circular flow of income in a two sector economy with capital market.
Importance of the study of circular flow of income models.
Equilibrium of the flow of national income.
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