Syllabus MACRO ECONOMICS  Module– I : Introduction Macro Economics – Concept of Circular Flow of Incomes –National Income Analysis: Concepts  and Components – Methods of Measurement –Difficulties and Limitations in the Estimation of  National Income. Module– II : Theories of Income and Employment Keynesian Theory of Income and Employment: Effective Demand – Consumption Function:  Average Propensity to Consume (APC) and Marginal Propensity to Consume (MPC) – Factors  Determining Consumption Function – Savings Function: Average Propensity to Save and  Marginal Propensity to Save – Concepts of Multiplier and Accelerator  Module– III : Investment & Theories of Interest Rate Capital and Investment: Types of Investment, Determinants of Level of Investment – Marginal  Efficiency of Capital and Marginal Efficiency of Investment, Neo-Classical and Keynesian  Theories of Interest . Module – IV : Supply of Money & Demand for Money Functions and Classification of Money – Money Supply – Mea