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Introductory Macroeconomics

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The General
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Macroeconomics: The Dynamics of Commodity Production

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National
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Introductory Macroeconomics

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Introductory Macroeconomics


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National Income Accounting

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14
Introductory Macroeconomics

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National Income Accounting

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Introductory Macroeconomics

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18

Introductory Macroeconomics

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National Income Accounting

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Introductory Macroeconomics

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National Income Accounting

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Introductory Macroeconomics

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23

National Income Accounting

The foreigner is to have a share in your domestic economy.
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Introductory Macroeconomics

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Diagrammatic representation of the subcategories of aggregate income. NFIA: Net

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National Income Accounting

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26 t t t

Introductory Macroeconomics

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27
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National Income Accounting

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How uniform is the distribution of GDP? It still
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Introductory Macroeconomics

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National Income Accounting

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Exercises
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30

Introductory Macroeconomics

Macroeconomics: The Dynamics of Commodity Production

Macroeconomic Theory and Policy

Macroeconomics

Macroeconomics
P

e d ix 2.1
.1

Handbook of
Indian Economy
Appendix

31

National Income Accounting

 r r r rr Pr
Handbook
of Indian Economy

r P r Pr
r

r r r rr Pr
Handbook
of Indian Economy

Pr r r
32 r
r r
Introductory Macroeconomics

r
r

















Money
M ney and
and Banking
Ba nk in g

barterdoubleexchanges
coincidence of wants

of

medium
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unit of account






























34

Introductory Macroeconomics

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M T T vM T T
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Money and Banking

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36

Introductory Macroeconomics

PV X Y












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37

Money and Banking

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The Speculative Demand for Money
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38

Introductory Macroeconomics

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39
t

Money and Banking

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q rs r s


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40

Introductory Macroeconomics

Assets (sources) Rs Liability (uses) Rs
P
Currency held by Public
qst Vault Cash held by Commercial Banks
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41
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Money and Banking

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42
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Introductory Macroeconomics

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43

Money and Banking















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44
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Introductory Macroeconomics

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45
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Money and Banking

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46

Introductory Macroeconomics

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r r r r Macroeconomics
P r
r r r Macroeconomic Theory and Policy
P Pr r r
r r Principles of Macroeconomics
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.1
p en d x 3.1

S a a.r a.r a.r a.r
Appendix

a r r
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r
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.2
p en d x 3.2

Appendix

Year M1 M3

PPP P
PPP PP
PPP P
PPP
PPP 47
PPP P P

Money and Banking

PPP PPP
PPP P
PPP
PPPP P P
PPP P
P
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Principles of Macroeconomics qsst




.3
p en d x 3.3

Appendix
Percentage Changes in
Year Loan to GOI Loan to Banks Foreign Assets

Principles of Macroeconomics P

48
Introductory Macroeconomics


Income
Inco
In co e Determination
Determin
Deter min tion

ceteris
paribus

x y
x y

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50 ss Y s s
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Introductory Macroeconomics

s s s s
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C c.Y
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51
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r

Income Determination
r
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r unintended accumulation of inventories
r r r r
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52 along the graph

Introductory Macroeconomics

m A Positively Sloping Straight Line Swings Upwards

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t
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z s
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t y
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t

Income Determination

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54 C
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C I t Y t
Introductory Macroeconomics

Y t
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c t tt
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tt t t
t t tt 55
t t
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Income Determination
t tt Equilibrium Output and Aggregate Demand in the
t Fixed Price Model
t t
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Introductory Macroeconomics

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t t t

Income Determination

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s s Y
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58
s
Introductory Macroeconomics

s
s s
AD s
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Macroeconomics
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61
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Function and Scope

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Introductory Macroeconomics

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63
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64

Introductory Macroeconomics

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(As per cent of GDP) 1990 2000 2001 2002 2003
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Functions and Scope

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Economic Survey
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66 r r rr rs r rr r t r
r r r r
Introductory Macroeconomics

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Functions and Scope

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68 t
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Introductory Macroeconomics

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c ct c t

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70


Introductory Macroeconomics

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Functions and Scope

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72

Introductory Macroeconomics

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Introductory Macroeconomics

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C Y D I G T Y

Macroeconomics

Macroeconomics

Economic Survey

75

Functions and Scope

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Op en Economy
Open Ec
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Macr oecon omics
Macroeconomics



























































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77

Macroeconomics
Openeconomy


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78

Introductory Macroeconomics

where
Your currency in exchange for the dollar?
Should exchange rates between two currencies
foreign exchange
continue like this? Discuss.

foreign exchange market

t









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79

Macroeconomics
Open Economy
s

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s s s s s
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s
s s
s
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s s s s
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80

Introductory Macroeconomics

s
s s s
s

s

s
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s s


s
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s Equilibrium under Flexible Exchange Rates
r r rrr rr
r r r P
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r r rr r
t sr r
ss r t r
t r
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t ss r r
t rr t
r r P

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t s sr Effect of an Increase in Demand for Imports in the
t r e tr Foreign Exchange Market
r r t s r t r t t r
r t sr s e1 t t r t
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