Book — Introductory Macroeconomics

The behaviour of the whole economy — national income, money, output & employment, the government budget and the balance of payments.

Units 1–55 units · 48 topics

Unit 1

National Income and Related Aggregates

The foundation of macroeconomics. Master aggregates like GDP, GNP, NDP and NNP, learn the three methods of calculating national income and solve the numericals that CBSE loves to ask.

Hard 18–20 hrs12 topics 5/5

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Unit 2

Money and Banking

Money, banks and the central bank run the financial engine of an economy. Master credit creation, the money multiplier, RBI tools like CRR, SLR and repo rate — the highest-weightage unit in macro.

Medium 14–16 hrs10 topics 5/5

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Unit 3

Determination of Income and Employment

How does an economy decide its level of output? Through aggregate demand and supply, the consumption and saving functions, the multiplier, and the gaps of excess and deficient demand. Diagram-heavy unit — learn every graph.

Hard 16–18 hrs9 topics 5/5

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Unit 4

Government Budget and the Economy

The government's annual financial statement — receipts, expenditure, and the deficits that dominate exam questions. Master revenue vs capital, the deficit formulas and fiscal policy. Formula-rich unit with high numerical weightage.

Medium 12–14 hrs9 topics 5/5

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Unit 5

Balance of Payments

How India trades with the world and manages its currency. Understand the current and capital accounts, exchange rate regimes, and the appreciation–depreciation mechanics that CBSE loves in MCQs and diagrams.

Medium 12–14 hrs8 topics 4/5

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Unit 1 — National Income

Meaning of Macroeconomics12m Circular Flow of Income20m Basic Concepts of National Income25m Final Goods and Intermediate Goods15m Stock and Flow12m Domestic Territory and Normal Resident18m GDP, GNP, NDP, NNP30m Market Price and Factor Cost18m Nominal GDP and Real GDP18m GDP Deflator15m Methods of Calculating National Income35m Numerical Problems & Formulas30m

Unit 2 — Money & Banking

Meaning and Functions of Money18m Money Supply18m Commercial Banks20m Central Bank and RBI20m Credit Creation30m Money Multiplier20m Repo, Reverse Repo & Bank Rate18m CRR and SLR18m Open Market Operations (OMO)15m Monetary Policy20m

Unit 3 — Income & Employment

Aggregate Demand & Aggregate Supply25m Consumption Function25m Saving Function20m Investment and the Multiplier30m Equilibrium Level of Income30m Excess and Deficient Demand25m Inflationary and Deflationary Gap20m Full Employment15m Government Measures to Correct AD20m

Unit 4 — Government Budget

Meaning and Objectives of Government Budget20m Revenue Receipts and Capital Receipts22m Revenue Expenditure and Capital Expenditure22m Balanced, Surplus and Deficit Budget15m Revenue Deficit18m Fiscal Deficit22m Primary Deficit15m Government Debt15m Fiscal Policy20m

Unit 5 — Balance of Payments

Meaning of Balance of Payments20m Current Account22m Capital Account22m Balance of Trade15m Foreign Exchange and Exchange Rate25m Fixed and Flexible Exchange Rate25m Managed Floating Exchange Rate15m Appreciation, Depreciation, Devaluation, Revaluation25m

Exam focus for this book

Unit 1: national income numericals are guaranteed in boards (3–6 marks).
Unit 2: credit creation table + monetary policy tools — repeated every year.
Unit 3: equilibrium diagrams and multiplier — the highest-scoring long answers.
Unit 4: the three deficits are a sure-shot numerical.