Section+2

2.1 Measuring economic performance
The circular flow of income model indicators of growth - GDP, GNP, GNI The business cycle

2.2 Aggregate demand & Aggregate supply
Aggregate demand Components of AD Determinants of AD AS and equilibrium national output Short run equilibrium AS/AD model, Keynesian model (sticky wages) Long run equilibrium (LRAS), Classical model Shifts in aggregate supply curve

2.3 Inflation
Meaning of inflation, deflation, disinflation Demand-pull inflation - causes Cost-push inflation - causes Consequences of inflation Consequences of deflation

2.3 Economic growth
The meaning of economic growth Causes of economic growth Consequences of economic growth Supply-side policies that affect production (interventionist, market based) evaluation of supply side policies

2.4 Fiscal Policy
The government budget Fiscal policy and automatic stabilizers Discretionary fiscal policy Evaluation of fiscal policy

2.5 Monetary Policy
Interest rate and role of a central bank Monetary policy and short term demand management Evaluatin of monetary policy

Reference sites
Fisacl policy @http://www.econclassroom.com/?cat=18

Monetary policy @http://www.learner.org/series/econusa/unit25/ @http://www.econclassroom.com/?cat=19

Title: Will RBI opt for a pause? Source: The Wall Street Journal []
 * News Articles**

Title: Inflation likely to moderate later this year: RBI Source: Business Standard []

Reserve Bank of India raises Policy Rates by 50 bps Jagran Post http://post.jagran.com/reserve-bank-of-india-raises-policy-rates-by-50-bps-1304400112

Its Forecast Dim, Fed Vows to Keep Rates Near Zero Source: The New York Times []