Week 12-13 Introduction to Macroeconomics and National Income
Introduction to Macroeconomics: Introduction of different concepts of NATIONAL INCOME i.e gross domestic product (GDP), Gross national product (GNP), Net National Product (NNP) National Income (NI) Personal Income (PI) Personal disposable income (PDI) and measurement of GDP: product, Income and Expenditure: Circular flow of national income.