Afza, T. (Talat) (2013-04)
Macroeconomics describes the overall behavior of the economy. This course discusses the basic principles of macroeconomics and basic concepts of national income accounting i-e GDP, GNP, NNP, PI, DPI, GDP Deflator etc. This also highlights the concepts of money, functions of money, inflation, CPI, impact of inflation on economy and the role of government in an economy. Aggregate demand and supply analysis has also been presented in comparison with IS-LM frame work in closed and open economy. Government debt, Economics growth and unemployment issues have also been discussed in detail. In the end, this course also focuses on the consumption and investment theories which are very essential part of macroeconomics.
Virtual University of Pakistan (VUP)