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Introductory Macroeconomics

The document provides an overview of important topics and questions from past year question papers (PYQs) for introductory macroeconomics from 2015-2022. It lists 14 key topics that commonly appear in exams, including national income accounting, money, the classical model of income determination, and the IS-LM model. For each topic, it outlines important concepts to understand and types of questions asked such as calculations of GDP, monetary policy tools, fiscal policy multipliers, and equilibrium outcomes. It notes that the exam pattern may change under the new National Education Policy and recommends preparing broadly based on the listed topics.

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123 views2 pages

Introductory Macroeconomics

The document provides an overview of important topics and questions from past year question papers (PYQs) for introductory macroeconomics from 2015-2022. It lists 14 key topics that commonly appear in exams, including national income accounting, money, the classical model of income determination, and the IS-LM model. For each topic, it outlines important concepts to understand and types of questions asked such as calculations of GDP, monetary policy tools, fiscal policy multipliers, and equilibrium outcomes. It notes that the exam pattern may change under the new National Education Policy and recommends preparing broadly based on the listed topics.

Uploaded by

22ech040
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Poonam Kumari

(BA Economics – SRCC, MSQE – ISI, Delhi)

Introductory Macroeconomics
Important topics/questions based on PYQs Analysis (2015- 2022)

Note:
1. This list has been compiled using the PYQs from 2015-2022, earlier Topic Inflation
was part of your course, but this time it has been removed, so you can skip the
questions related to Inflation

2. Usually, Simple calculators are allowed in your exams. So be ready with the
calculator.

3. I have tried to add all the important topics here, however, this list is not exhaustive
and there might still be some types of questions that might not be a part of this list,
so prepare accordingly.

4. Also, since the NEP (New Education Policy) has been implemented this year at Delhi
University, the pattern of your exams might change, so keep that in mind as well.)

Sr. No Topic/Question
Unit 1 : 1. Uses of Private Savings
Introduction and 2. Finding GDP, GNP, Exports, Private Savings, Government Savings,
National Income Consumption, etc using the data ( so you should all the formulas
Accounting for the same)
3. What to add and what not to add to the GDP data
4. All the definitions to be done properly
5. Current Account, Balance of Payment
6. Intermediate Goods, Final Goods
7. GDP deflator and related calculations for inflation

Unit 2 :
Money 1. Interest rate and price of bond ( numerical)
2. Demand for Central Bank money & Supply ( Numericals and
diagrams)
3. Why is it called High Powered Money?
4. Multiplier and Monetary Base (Central Bank Money)
5. Open Market Operations ( Expansionary and Contractionary
Monetary Policy )
6. Functions of money
7. Quantity Theory of Money and Related Numericals

Contact: 9810420329 LinkedIn: Poonam Kumari


Email: [email protected] YouTube: Poonam Kumari
Poonam Kumari
(BA Economics – SRCC, MSQE – ISI, Delhi)
Unit 3 : 1. Output & Employment determination in Classical System ( what
Simple Theory of Income determines Output, employment, price level )
Determination 2. Full employment Budget Surplus, Budget Surplus related
calculation
3. Questions for finding the equilibrium income, multiplier, budget
surplus
4. Effect of increase in Government Purchase on Budget Surplus
5. Automatic Stabilizers ( Income tax & Social Security system,
transfer payments )

Unit 4 : 1. Impact of Expansionary/Contractionary Monetary Policy on


Output & Interest under different conditions
2. Impact of Expansionary/ Contractionary Fiscal Policy on Output &
Interest under different conditions
3. IS-LM related numerical
4. Fiscal Policy Multiplier, Monetary Policy Multiplier
5. Monetary Transmission Mechanism
6. Crowding Out & related diagrams
7. Liquidity trap
8. Policy mix ( using monetary and fiscal policies together )
9. Finding aggregate demand from the ISLM framework
10. All the equations & diagrams should be done properly

Contact: 9810420329 LinkedIn: Poonam Kumari


Email: [email protected] YouTube: Poonam Kumari

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