problem 1) State and describe the limitations of Macro Economics.

problem 2) describe the assumptions of classical theory of employment.

problem 3) What are the difficulties in the measurement of National Income?

problem 4) Differentiate between product and money market.

problem 5) What are the objectives of Macro Economic Policy?

problem 6) Describe the classical theory of output and employment.

problem 7) Describe the factors which govern the Propensity to consume.

problem 8) Describe the factors that determine aggregate demand and aggregate supply.

problem 9) describe the Hicks theory of trade cycle.

problem 10) What are the effects of inflation and how can inflation be controlled?

problem 11) describe the theory of Multipliers.

problem 12) How are the IS-LM functions derived? How do they describe the general equilibrium in the product and money markets.

problem 13) describe Keynes psychological law of consumption.