The basic concepts of macroeconomics will be discussed in this class.The targetted audience are the students of class12 who have just started their class 12 journey.In this I will discuss what is meant by macroeconomics,how macroeconomics differs from Micro economics,what is the scope of macroeconomics,the background history of macroeconomics,how the subject macro economics came into being.Next broad topic that I would be discussing would be the different types of goods, consumer and capital goods,their subdivision,difference between the two.Next is the concept of consumption, investment , concepts of stock and flow in macroeconomics .four major sectors of the economy, concept of circular flow of income.In the later part I would be discussing about Indian economic development.Since this is a introductory video I would be discussing the basic concepts of Indian economy,the picture of Indian economy pre ,post independence.As in class 11 we had studied about introductory microeconomics and basic statistics,in class 12 we will be studying broadly introductory macroeconomics and Indian economic development.
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