This book of Macroeconomics is a text book which systematically analyses several aspects of economic scenario in a proper theoretical and graphical manner. It is experience of author of this book that traditional text book carries bulk descriptions and heaps of data but limited analytical illustrations and consequently students loose interest in concerned subject matter. From long-term view point, it is harmful for advancement of concerned subject. Author have integrated macro concept and provides missing links of information to students which is a special feature of this book.
This book is divided into 27 chapters dealing with issues confronting every economy. Treatment is exhaustive and has emphasized on analysis instead of mere decription of facts. Author believes that is will enhance utility of this book from the point of view of students and teachers. In identifying the potentials and pressure areas, relevant explanations have been provided to deal with various economic problems and also has suggested suitable remedies.
This book will be very helpful to every student of Economics of post-graduate level like M.A., M.Com., M.B.A., M.B.E., M.F.C. of all universities in India and abroad and in addition to that it will also help candidates preparing for UGC (NET), SLET, IAS, IES and allied services in all India as well as state level.
Contents :
PART I : INTRODUCTION
1. Macroeconomy − A Simple Introduction
PART II : CLASSICAL AND KEYNESIAN APPROACH OF AGGREGATE DEMAND AND SUPPLY FUNCTION
2. Determination of Output and Employment
PART III : BEHAVIOURAL FOUNDATION
3. Theory of Consumption and Saving
4. Income and Consumption : Relevant Hypothesis
5. Theory of Investment − Investment Function
PART IV : AGGREGATE DEMAND, AGGREGATE SUPPLY AND SUPPERMULTIPLIER MODEL
6. Aggregate Demand and Aggregate Supply Function and Level of Income
7. Theory of Multiplier
8. The Principle of Acceleration
9. Paul Samuelson`s Multiplier-Accelerator Interaction Model or the Supermultiplier
PART V : NATIONAL INCOME, CAPITAL FORMATION, GOVERNMENT EXPENDITURE, TAX AND TRANSFER MULTIPLIER
10. Determination of National Income and Output, Distribution of Income and Capital Formation
11. Government Expenditure and the Level of Income
PART VI : ANATOMY OF UNEMPLOYMENT AND INFLATION
12. Unemployment
13. The Theory of Inflation and Control
PART VII : MONEY & BANKING
14. Demand for Money
15. Determination of Supply of Money and Implications of Philips Curve Analysis
16. Money Market
17. Banking System
PART VIII : TRADE CYCLE MODELS AND INTERNATIONAL TRADE
18. Business Cycle
19. International Trade and Level of Income
PART IX : INCOME, MONEY, INTEREST AND OUTPUT − PRICE DETERMINATION
20. Classical and Keynesian Macroeconomics − A Comparison
21. Output − Price Determination
22. Hicks – Hansen Analysis
PART X : ADVANCED TOPICS OF POLICY FORMULATION
23. General Equilibrium or Macroeconomic Equilibrium in the Product and Money Markets and Relative Roles of Monetary and Fiscal Policies
24. Economic Policy – Macroeconomic Policy
25. Instrument of Macroeconomic Policy – Monetary Policy
26. Instrument of Macroeconomic Policy – Fiscal Policy
27. Union Budget 2009-2010
