This masterclass will cover the entire content of Unit 1 (National Income) in Macroeconomics.

The class is intended for students with no prior knowledge of national income.

The course will begin from the basics and progress to mastery.

Topics to be taught:

1. Circular flow of Income
2. Basic concepts of Macroeconomics
3. National income and Related Aggregates
4. Value Added Method of calculating National Income
5. Income Method of calculating National Income
6. Expenditure Method of calculating National Income
7. Nominal and Real GDP
8. GDP and Welfare
9. GDP Deflator
10. Precautations of different methods of calculating National Income
11. Numerical examples
12. Additional topics such as: Normal residents, Domestic territory, Final goods, Intermediate goods, Capital goods, Consumer goods, Transfer income, Factor income, Stock concept, Flow concept, Real flow,Money flow, Gross investment, Net investment, Depreciation, Domestic income, National income, NFIA, Factor cost, Market price and Net indirect taxes.

Enroll in this class, and within 3 hours, you'll conquer your apprehensions about National Income.