Here you will dive deep into the world of
macroeconomics
with respect to
India as an economy
and will practise your concepts with the help of
NCERT questions, Sample papers and extra worksheets
prepared by the experts at
Teachoo.
Macroeconomics
focuses
on the performance of
economies – changes in economic output, inflation, interest and foreign exchange rates,
and the
balance of payments
. It also depicts that
poverty reduction
,
social equity
, and
sustainable growth
are only possible with sound
monetary
and
fiscal policies
.
Macroeconomics
is further divided into
5 units
which are -
-
National Income and related aggregates
National income is the
Gross Domestic Product (GDP)
of the country and this unit focuses upon the
circular flow income
which is how the
money travels
across an economy and then helps us understand how to
calculate the national income
of a country.
-
Money and Banking
This unit explains the concept of
fiscal money
and how it is
used
or
saved
in an economy. It also tells about the
working of the central bank
of the country which, for India, is the
.
-
Determination of Income and Employment
This unit is one of the
most important
units and will help you whenever you learn about
economics in the future
. It contains the concept of
aggregate demand
and
aggregate supply
along with the
methods of determining national income
and its
multipliers
.
-
Government budget and the economy
This unit explains the
budget of a country
and how the
government of India allocates funds
to various heads. This allocation is done in
priority orde
r and the order changes
every year
when the
budget
is presented.
-
Balance of payment
This unit will help you understand how the
foreign exchange system
works in terms of the
currency
of every country. Balance of payments also explains the
reserve funds
which
India holds
in terms of
dollars
which is the
most commonly used currency
worldwide.
Click on a chapter below to start the chapter.
For other concepts,
just scroll down and you'll find a list with arrows, that has all the details!