1. Concept of Macro Economics 2. Circular Flow of Income 3. Concepts of National Income 4. Social Accounting of National Income 5. National Income and Economic Welfare 6. The Classical Theory of Employment 7. Theory of Keynesian Employment 8. Consumption Function-Average and Marginal Propensity to Consume-Factors Influencing Consumption Spending 9. Multiplier and Acceleration Principles10. Investment-Meaning, Type & Inducement and Marginal Efficiency of Capital & Investment 11. Keynesian Theory of Liquidity Preference 12. IS and LM Functions-General Equilibrium of Product and Money Market 13. Monetary Policy 14. Fiscal Policy 15. Inflation, Deflation & Stagflation and Measurement of Inflation 16. The Phillips Curve 17. Trade Cycle 18. Ancient Indian Concept of Aya, Rina and Dana (Market Failure).