Contents:

  1. Learning Outcomes
  2. Definitions
  3. Circular flow of income
  4. 2-Sector model-consumption
  5. Factors affecting Consumption
  6. 2-sector model-investment
  7. Multiplier Effect
  8. Determinants of Investment
  9. Paradox of Thrift
  10. Accelerator Theory
  11. Closed Economy with government
  12. Open Economy with government
  13. Determinants of Multiplier
  14. Inflationary and deflationary gaps
  15. Accelerator/Multiplier Theory

Candidates should be able to: