Be Competent in Macroeconomics

Be Competent in Macroeconomics free download

Master the Fundamentals of Macroeconomics for CBSE & CUET: From National Income to Global Trade Dynamics.

Are you a Class 11 or 12 student preparing for the CBSE & CUET examination? Our " Macroeconomics" course is designed specifically for you! This course is crafted to help you master the fundamental concepts of macroeconomics, providing you with the knowledge and skills needed to excel in your exams. Presented through 70 engaging lecture videos, this course is structured into distinct sections, each offering a deep dive into essential economic principles and practices.

Course Modules

1. Be Competent in Macroeconomics

Kickstart your learning journey with an overview of the entire macroeconomics course. This introductory module outlines the various units and their interconnected sub-units, giving you a clear roadmap of what to expect. Gain a solid foundation in macroeconomic principles and understand how they apply to real-world scenarios.

2. Estimation of National Income

In this comprehensive unit, you will explore the fundamental concepts necessary to estimate national income. Learn about key terms like Domestic Territory, Normal Residents, Consumption of Fixed Capital, Factor and Transfer Payments, and more. Dive deep into the Production, Income, and Expenditure approaches to estimating national income, and understand how these methods interrelate. By the end of this module, you'll have the analytical skills to solve numerical problems and critically evaluate the implications of national income for economic analysis and societal well-being.

3. Money and Banking

Understand the critical components that constitute the money supply and the monetary system in this unit. Explore the process of credit creation by commercial banks, the multiplier effect, and the significant role of the Reserve Bank of India as the banker to the government and commercial banks. Through theoretical knowledge and real-world examples, develop the skills to analyze and respond to the evolving challenges in the financial sector.

4. Determination of Income and Employment

Delve into Keynesian economics and its core principles in this module. Gain a comprehensive understanding of how income and employment levels are determined in a modern economy. Learn about consumption, savings, and investment functions, and explore economic equilibrium through the Aggregate Demand-Aggregate Supply (AD-AS) Approach and Savings-Investment (S-I) Approach. Understand the multiplier effect, Marginal Propensity to Consume (MPC), Marginal Propensity to Save (MPS), and the concepts of excess and deficient demand. Discover how monetary and fiscal policies can control these economic variables.

5. Government Budget

This unit provides an in-depth exploration of the government budget. Understand the structure and components of the revenue and capital budgets, including budget deficits and their economic implications. Learn about borrowing, debt management strategies, and the objectives of a national budget. This module equips you with the knowledge to analyze the fiscal policies and economic strategies of governments.

6. Balance of Payments

Explore the structure of the balance of payments (BOP) and its significance in this final unit. Learn about the components of the current and capital accounts, and understand the concepts of surplus and deficit in the BOP and their consequences. Gain insight into different exchange rate systems—fixed, flexible, and managed floating—and analyze their advantages and disadvantages. This module lays the foundation for understanding global financial markets and international trade dynamics.

Why Enrol in This Course?

By enrolling in this course, you will gain a thorough understanding of macroeconomic concepts that are essential for excelling in the Class 12 CBSE and CUET  examinations. Each module is designed to reinforce your knowledge and help you develop a deeper understanding of economic theories and their applications. With assignments and quizzes integrated throughout the course, you will continuously test your knowledge and be well-prepared for your exams.

Start your journey towards mastering macroeconomics today and equip yourself with the skills needed to understand and analyze the economic landscape!