GE : PRINCIPLES OF MACROECONOMICS | UNIT 3 | ONE SHOT | DU/SOL/REGULAR/NCWEB

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GE : PRINCIPLES OF MACROECONOMICS | UNIT 3 | ONE SHOT 🔥
📚 SEMESTER EXAM PREPARATION | DU/SOL/REGULAR/NCWEB

Welcome to the Complete One Shot Lecture of Principles of Macroeconomics – Unit 3 specially designed for Delhi University students including SOL, Regular Colleges and NCWEB students. This lecture covers all important concepts, formulas, numerical questions, diagrams, theories and examination-oriented topics from Unit 3 in a simple and easy-to-understand manner.

🎯 This Lecture is Highly Useful For:

✅ DU SOL Students
✅ Regular College Students
✅ NCWEB Students
✅ B.Com Students
✅ BA Programme Students
✅ GE Students
✅ Semester Exam Preparation
✅ Last Minute Revision

📌 Complete Unit 3 Topics Covered:

📖 Determination of GDP

✔ Meaning of Gross Domestic Product (GDP)
✔ Importance of GDP in Macroeconomics
✔ Circular Flow of Income and Output
✔ Measurement of National Income
✔ Equilibrium Level of Income and Output

📖 Actual GDP and Potential GDP

✔ Meaning of Actual GDP
✔ Meaning of Potential GDP
✔ Output Gap
✔ Inflationary Gap
✔ Deflationary Gap
✔ Difference Between Actual GDP and Potential GDP

📖 Aggregate Expenditure

✔ Meaning of Aggregate Expenditure
✔ Components of Aggregate Expenditure
✔ Consumption Expenditure
✔ Investment Expenditure
✔ Government Expenditure
✔ Net Exports

📖 Consumption Function

✔ Meaning of Consumption Function
✔ Keynesian Consumption Theory
✔ Consumption Schedule
✔ Consumption Curve
✔ Determinants of Consumption

📖 Investment Function

✔ Meaning of Investment Function
✔ Autonomous Investment
✔ Induced Investment
✔ Factors Affecting Investment
✔ Investment Schedule and Curve

📖 Equilibrium GDP

✔ Meaning of Equilibrium GDP
✔ Saving-Investment Approach
✔ Aggregate Expenditure Approach
✔ Determination of Equilibrium Income
✔ Graphical Representation of Equilibrium

📖 Propensity to Consume and Save

✔ Marginal Propensity to Consume (MPC)
✔ Average Propensity to Consume (APC)
✔ Marginal Propensity to Save (MPS)
✔ Average Propensity to Save (APS)
✔ Relationship Between MPC and MPS
✔ Relationship Between APC and APS

📖 Autonomous Expenditure

✔ Meaning of Autonomous Expenditure
✔ Importance in Income Determination
✔ Autonomous Consumption
✔ Autonomous Investment

📖 Multiplier Concept

✔ Meaning of Multiplier
✔ Working of Multiplier
✔ Assumptions of Multiplier Theory
✔ Leakages in Multiplier Process
✔ Importance of Multiplier

📖 Important Formulas Covered

✔ GDP = C + I + G + (X − M)

✔ MPC = Change in Consumption ÷ Change in Income

✔ MPS = Change in Saving ÷ Change in Income

✔ APC = Consumption ÷ Income

✔ APS = Saving ÷ Income

✔ MPC + MPS = 1

✔ APC + APS = 1

✔ Multiplier (K) = 1 ÷ MPS

✔ Multiplier (K) = 1 ÷ (1 − MPC)

✔ Equilibrium Income = Aggregate Expenditure = National Income

📖 Numerical Questions Covered

✔ MPC and MPS Calculations
✔ APC and APS Calculations
✔ Multiplier Numericals
✔ Equilibrium Income Numericals
✔ Aggregate Expenditure Problems
✔ GDP Determination Questions

💯 This Video is Perfect For:
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