National Income

National Income and Related Aggregates

Course Description

Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation. Circular flow of income (two sector model); Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method. Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and Nominal GDP. GDP and Welfare


1

Lecture-1

This lecture contains introduction of expenditure method for calculating national income. In this lecture we've started from numerical portion by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

2

Lecture-2

This lecture contains practice questions of expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

3

Lecture-3

This lecture contains practice questions of expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

4

Lecture-4

This lecture contains practice questions of expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

5

Lecture-5

This lecture contains practice questions of expenditure method for calculating national income and introduction of income method. In this lecture we've covered numericals by explaining it simultaneously and introduced income method with formula. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

6

Lecture-6

This lecture contains practice questions of income method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

7

Lecture-7

This lecture contains practice questions of expenditure and income method for calculating national income. In this class we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

8

Lecture-8

This lecture contains practice questions of expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

9

Lecture-9

This lecture contains practice questions of expenditure and income method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

10

Lecture-10

This lecture contains introduction to value added/production/output method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes with lecture. Let's together aim for 100.

11

Lecture-11

This lecture contains practice questions of production method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

12

Lecture-12

This lecture contains practice questions of production method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

13

Lecture-13

This lecture contains practice questions of production method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

14

Lecture-14

This lecture contains practice questions of production and income method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

15

Lecture-15

This lecture contains practice questions of production, income and expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

16

Lecture-16

This lecture contains practice questions of production, income and expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

17

Lecture-17

This lecture contains practice questions of production, incomer and expenditure method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

18

Lecture-18

This lecture contains practice questions of production method for calculating national income. In this lecture we've covered numericals by explaining it simultaneously. This lecture also contains theory of circular flow of income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

19

Lecture-19

This lecture contains theory of circular flow of income in two sector economy and comparison of stock variables and flow variables. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

20

Lecture-20

This lecture contains theory of Gross Domestic Product (GDP) and welfare of nation. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

21

Lecture-21

This lecture contains a comparison of Real GDP and Nominal GDP with the help of numerical example. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

22

Lecture-22

This lecture contains concept Price Index and Problem of double counting and measures to solve it. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

23

Lecture-23

This lecture contains a comparison of Intermediate goods and Final goods, Factor Income and Transfer Income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

24

Lecture-24

This lecture contains concept of domestic territory of the country. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

25

Lecture-25

This lecture contains theoritical explanation of Expenditure method, Income method and value added method. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

26

Lecture-26

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

27

Lecture-27

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

28

Lecture-28

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

29

Lecture-29

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

30

Lecture-30

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

31

Lecture-31

This lecture contains precautions of national income. We recommend to maintain notes simultaneously with lecture. Let's together aim for 100.

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