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National Income and Determination of National Income
Principles determining the pricing of products and of productive resources.
The theory of value and distribution
Price are very important - volume of activity and employement - as a whole economy
The great depresion of 30th century
Keybes "General Theory of Employment, Interest and Money"
In this course
concerned with aggregates such as National Income, Total Output, Employement, total consumption, saving, Investment, aggregate demand and supply, and the general level of prices.
What determines the levelof total output and employment in the economy and fluctuations oin this lebel from one time period to another?
a. the determination of aggregate output and emplyement at a moment
b. the analysis of causes of fluctuations in this level overa period of time.
Theory of trade cycle
YEAR