Macro Economics | UGC NET / SET / JRF | Detailed Notes UGC NET | SET | JRF - ECONOMICS VIEW ALL UNITS DETAILED NOTES UGC NET (ECONOMICS) UNIT II. Macro Economics 1. National Income: Concepts and Measurement 2. Determination of Output and Employment: Classical & Keynesian Approach 3. Consumption Function 4. Investment Function 5. Multiplier and Accelerator 6. Demand of Money 7. Supply of Money 8. IS - LM Model Approach 9. Inflation and Phillips Curve Analysis 10. Business Cycles 11. Monetary and Fiscal Policy 12. Rational Expectation Hypothesis and its Critique