It is a matter of great satisfaction for us that our book Principles of Macroeconomics written for B.Com. and BA (Programme) Second Year, Delhi University, was very well received by teachers both by students and teachers alike. Encouraged by this response, we now present the second Editions of our book. This book covers the entire syllabus in a comprehensive and exhaustive way. The pattern of discussion follows the framework as laid in Richard G. Lipsey and Alec K. Chrystal, Principles of Economics (New York, Oxford University Press, Ninth editions 1999) as required in the syllabus. The discussion in our book is divided into four parts. The organization, structure and contents of these parts is as follows.
| Book Content of Principles of Macro Economics | |
| PART ONE : MACROECONOMIC ISSUES AND MEASUREMENT 1. Introduction to Macroeconomics 2. An Introduction to National Income Accounting 3. Measurement of National Income and Related Aggregates 4. Theory of Employment and Income 5. GDP and Price Level in the Short Run 6. GDP and Price Level in the Long Run PART TWO : MONETARY ECONOMY 7. Money in a Modern Economy 8. Demand for Money 9. The Quality Theory of Money PART THREE : THEORY OF INCOME DETERMINATION 10. The Consumption Function 11. The Investment Function 12. A Basic Model of Determination of GDP 13. Theory of the Multiplier 14. National Income Determination in an Open Economy with Government 15. Liquidity Preference and the Rate of Interest 16. Supply of Money and Creation of Credit 17. Monetary Policy 18. IS-LM Analysis 19. Business Cycles and Aggregate Shocks PART FOUR : SOME MACROECONOMIC ISSUES IN OPEN ECONOMY 20. The Balance of Payments 21. The Market for Foreign Exchange 22. Fixed and Flexible Exchange Rate Systems |
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