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  • Definitions (Macroeconomics)

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    Syeda Sarwish Rizvi
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    This document outlines the basic concepts to be reviewed for an economics policy course, including national income measures like GDP, inflation, monetary policy tools and objectives, fiscal policy tools and objectives, balance of payments components, and demographic features like labor force and unemployment rates. It lists 31 key terms and concepts across 5 sections that cover national income, monetary policy, fiscal policy, balance of payments, and demographic features.

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    This document outlines the basic concepts to be reviewed for an economics policy course, including national income measures like GDP, inflation, monetary policy tools and objectives, fiscal policy tools and objectives, balance of payments components, and demographic features like labor force and unemployment rates. It lists 31 key terms and concepts across 5 sections that cover national income, monetary policy, fiscal policy, balance of payments, and demographic features.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views1 page

    Definitions (Macroeconomics)

    Uploaded by

    Syeda Sarwish Rizvi
    This document outlines the basic concepts to be reviewed for an economics policy course, including national income measures like GDP, inflation, monetary policy tools and objectives, fiscal policy tools and objectives, balance of payments components, and demographic features like labor force and unemployment rates. It lists 31 key terms and concepts across 5 sections that cover national income, monetary policy, fiscal policy, balance of payments, and demographic features.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    Course: ECO402 Pakistan Economic Policy

    Faculty: Dr. Syed Zia Abbas Rizvi

    Basic Concepts for Revision

    I. National income
    1. Inflation
    2. CPI
    3. WPI
    4. SPI
    5. GDP at market price
    6. GDP at factor cost
    7. NDP
    8. GNP
    9. NNP
    10. Outlays of aggregate demand
    11. Multiplier

    II. Monetary policy


    12. Tools of monetary policy
    13. Objectives of monetary policy
    14. Functions of money
    15. Motives of money
    16. OMO, CRR, SLR, Credit rationing
    17. M0, M1, M2

    III. Fiscal policy


    18. Tools of fiscal policy
    19. Objective of fiscal policy
    20. Budget surplus/deficit
    21. Sources of budget financing

    IV. Balance of payment


    22. Current account
    23. Capital account
    24. Exchange rate
    25. Fixed exchange rate
    26. Flexible exchange rate
    27. Purchasing power parity

    V. Demographic features
    28. Labor force
    29. Unemployed
    30. Natural rate of unemployment
    31. Frictional unemployment
    32. Full employment

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