Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation. Aggregate demand and its components.

For IAS aspirants it is very important to have basic concepts of each and every subject of IAS Syllabus. During IAS Preparation, first of the aspirants should give time on to clear the basic concepts.

Money – meaning and functions, supply of money - Currency held by the public and net demand deposits held by commercial banks. Money creation by the commercial banking system. Central bank and its ...