Macroeconomics — Final Exam
Study system compiled from the NMIMS Macroeconomics syllabus, the prescribed H. L. Ahuja textbook, the module lecture presentations and the Module 5 readings — covering the complete syllabus, Units 01–05 (Lectures 01–30), for the Term End Examination.
For every concept: 01 Understand Concept → 02 Simple Explanation → 03 Example / Diagram → 04 Important Points → 05 Exam-Ready Answer → 06 Possible Questions → 07 Common Mistakes → 08 Source Verification.
Navigate using the sidebar or press / to search any concept, formula or diagram.
Every citation is clickable — e.g. p. 546, Slide 16 or Reading p. 6 — and opens the exact textbook page, lecture slide or reading page in a panel on the right. Use ←/→ to page through, and Esc to close.
Syllabus Units
Revision & Practice
What the Term End paper looks like
From your course policy Policy p. 10 and the 2025-26 papers:
- 2 hours, 50 marks (scaled). 7 questions of 10 marks; Q1 compulsory (four 2.5-mark parts) and any 4 of the remaining 6.
- About 22 minutes per 10-mark answer — so each answer needs a definition, a structured list of points, and usually a diagram.
- Both 2025-26 papers took about half their marks from the post-midterm units: Q1 had an inflation part and a money/central-bank part, and three of the six optional questions came from inflation and the Phillips curve, the central bank and money, and Unit 5 (CSR, industrial policy).
All 20 questions from the Final and Re-Exam are answered on Solved Papers, each with what the official key expects.
If you have only a few days
- Diagrams first — circular flow, consumption function, IS-LM, business cycle, demand-pull and cost-push, the two Phillips curves, the liquidity trap. These carry the 10-mark answers.
- The most-examined topics — inflation (four questions in two papers), stabilisation policy and the liquidity trap, the central bank, CSR and industrial policy.
- Short Notes "Open with this" boxes — those are your Q1 answers.
- One pass through Solved Papers — to see the length and structure a full-marks answer needs.
What each unit is built from
| Unit | Lectures | Textbook / reading | Lecture module |
|---|---|---|---|
| 01 — Nature & Scope | 1–4 | Ahuja Ch. 1 pp. 3–18 | Intro to Macro |
| 02 — Circular Flow & National Income | 5–7 | Ahuja Ch. 2 pp. 21–41 | Circular Flow · National Income |
| 02 — Keynesian AD-AS | 8 | Ahuja Ch. 10 pp. 230–247 | AD & AS |
| 02 — IS-LM Model | 9–10 | Ahuja Ch. 12 pp. 297–313 | IS-LM |
| 02 — Consumption, Saving & Investment | 11–12 | Ahuja Ch. 6 pp. 149–157 | Consumption · Saving & Investment |
| 03 — Business Cycle | 13–14 | Ahuja Ch. 27 pp. 585–588 | Business Cycle |
| 03 — Stabilisation Policies | 15–16 | Ahuja Ch. 28–29 pp. 627–647 | Monetary & Fiscal Policy |
| 03 — Inflation & Phillips Curve | 17–18 | Ahuja Ch. 26 pp. 546–575, Ch. 13 pp. 338–345 | Inflation |
| 04 — Central Bank & Credit Control | 19–20 | Ahuja Ch. 19, 19A pp. 420–445 | Central Bank & Credit Control |
| 04 — Money: Supply, Demand, Liquidity Trap | 21–24 | Ahuja Ch. 17, 18, 20, 21, 24 pp. 389–514 | Money: Demand & Supply |
| 05 — Government & Private Business | 25–27 | Module 5 Reading Ch. 38 pp. 1–11 | Government's Role |
| 05 — Industrial Policy & Joint Sector | 28 | Reading Ch. 41 pp. 1–10; Ahuja Ch. 38A pp. 817–821 | Industrial Policy |
| 05 — Social Responsibility of Business | 29 | Reading Ch. 43 pp. 1–7 | CSR |
| 05 — Budget Constraint & Fiscal Policy | 30 | Ahuja Ch. 30, 33A pp. 694–700 | — |
Chapter and page numbers come from your course policy's instruction plan Policy pp. 6–9, checked against the actual textbook PDF. Where the plan points to the wrong pages, the correct ones are used and the difference is recorded on the References page.