National Income & Macroeconomics

Subtopic 1: GDP

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Subtopic 2: GNP

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Subtopic 3: NDP

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Subtopic 4: NNP

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Subtopic 5: Market Price vs Factor Cost

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Subtopic 6: Domestic Income vs National Income

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Subtopic 7: National Income at Factor Cost

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Subtopic 1: Nominal GDP

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Subtopic 2: Real GDP

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Subtopic 3: GDP Deflator

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Subtopic 4: Base Year

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Subtopic 5: Constant & Current Prices

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Subtopic 1: Production Method

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Subtopic 2: Income Method

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Subtopic 3: Expenditure Method

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Subtopic 4: Double Counting

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Subtopic 5: Precautions in National Income Estimation

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Subtopic 1: Personal Income

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Subtopic 2: Disposable Income

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Subtopic 3: Personal Disposable Income

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Subtopic 4: Private Income

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Subtopic 5: Per Capita Income

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Subtopic 1: Two-Sector Model

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Subtopic 2: Three-Sector Model

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Subtopic 3: Four-Sector Model

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Subtopic 4: Leakages

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Subtopic 5: Injections

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Subtopic 6: Equilibrium in Circular Flow

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Subtopic 1: Non-Market Activities

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Subtopic 2: Informal Economy

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Subtopic 3: Income Inequality

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Subtopic 4: Welfare Limitations

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Subtopic 5: Quality of Life Limitations

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Subtopic 1: Aggregate Demand

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Subtopic 2: Components of Aggregate Demand

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Subtopic 3: Aggregate Supply

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Subtopic 4: AD-AS Equilibrium

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Subtopic 5: Demand & Supply Shocks

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Subtopic 1: Consumption Function

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Subtopic 2: Saving Function

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Subtopic 3: Average Propensity to Consume (APC)

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Subtopic 4: Marginal Propensity to Consume (MPC)

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Subtopic 5: Average Propensity to Save (APS)

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Subtopic 6: Marginal Propensity to Save (MPS)

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Subtopic 7: Investment Function

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Subtopic 8: Investment Multiplier

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Subtopic 1: Expansion (Boom)

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Subtopic 2: Recession

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Subtopic 3: Depression

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Subtopic 4: Recovery

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Subtopic 5: Causes of Business Cycles

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Subtopic 6: Economic Effects

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Subtopic 1: Meaning of Economic Growth

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Subtopic 2: Drivers of Economic Growth

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Subtopic 3: Potential Output

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Subtopic 4: Actual Output

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Subtopic 5: Output Gap

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Subtopic 6: Growth–Inflation Trade-off

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Subtopic 7: Note: HDI, Poverty & Development Indicators covered in Economic Growth & Development topic

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Subtopic 1: Green GDP

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Subtopic 2: Sustainable National Accounting

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Subtopic 3: Genuine Progress Indicator (GPI)

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Subtopic 4: Genuine Savings (Adjusted Net Savings)

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Subtopic 5: Gross National Happiness (GNH)

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Subtopic 6: Alternative Development Indicators (Concept Only)

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Subtopic 7: Note: HDI, MPI, GDI, GII covered in Economic Growth & Development topic

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