||National income calculation is a fundamental theory introduced in preliminary
macroeconomics course and in fact has become the common question
probed in all assessments including tests, quizzes and assignments on basic
macroeconomics concepts. Hence, it is essential for students to be able to
command this concept carefully without making substantial errors in
attempting the question. However, unlike standard mathematics subjects, the
calculation of national income requires thorough comprehension on both
theoretical and numerical parts of the concept. Students often face difficulty in
memorizing and applying the formulae to calculate national income.
Additionally, it is also observed that students tend to lose substantial amount
of marks due to incorrect information captured from the question. N.I.Kit or
National Income Kit is a visual learning tool that is specifically designed to
illustrate the calculation of national income effectively. It is inspired based on
the idea of stamps and photo album where students would be required to
write the specific components of national income and organize them
according to the designated slots inside the album. The kit also serves as a
compilation of tutorials that embody the concept of collectible items, which will
make it easy and convenient for students to do their revision efficiently.
‘N.I.Kit’ aims to redefine the practice of national income calculation in an
interesting and visually appealing manner. In terms of its potential for
commercialization, it is planned be marketed as an affordable and handy tool
for students to carry along during lecture sessions.
Keyword: National income, macroeconomics, learning, visual aid, collectible