Module 3A: Macroeconomics: National Income & Savings
The third module in the series of macroeconomics for beginners. This module talks about National Income & Savings for a closed economy. In this module, the road map of the topics ahead is given. In this module, concepts on National Savings both public and private savings are introduced along with a brief introduction to factors of production and production function. You will understand why macroeconomics is important to understand for policymakers with key insights on factors affecting GDP in the long term. The concept of cost of funds and real interest rates is introduced.