Classical Theory of Rate of Interest
Concept, assumptions and criticism
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Loanable Funds Theory of Interest
Neo-classical approach and limitations
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Liquidity Preference Theory
Keynesian view of interest rate
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Ricardo Theory of Rent
Classical rent determination
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Modern Theory of Rent
Economic rent and transfer earnings
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Marginal Productivity Theory of Wages
Wage determination and criticism
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Modern Theory of Wages
Demand and supply approach
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Theories of Profit
Dynamic, Risk, Innovation & Uncertainty
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Classical Theory of Income & Employment
Full employment and assumptions
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Say’s Law of Market
Supply creates its own demand
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Keynes Theory of Output & Employment
Role of aggregate demand
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Theory of Effective Demand
Determination of employment level
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Psychological Law of Consumption
Consumption behaviour and importance
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Consumption Function
Factors affecting consumption
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Investment – Types & Determinants
Importance for economy
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Multiplier (Static)
Working and leakages
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Dynamic Multiplier
Importance in developing countries
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