Macroeconomics
6th Edition
9364444272
·
9789364444279
© 2025 | Published: July 5, 2025
Overview:This comprehensive textbook on macroeconomics offers an in-depth exploration of economic theories, policies, and their real-world applications. By exploring topics such as national income determination, economic growth, inflation, unemployme…
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PART I Introduction
1.Introduction to Macroeconomics
2. Circular Flow Model of the Economy
3.Measurement of National Income
PART II Product Market Analysis: Theory of National Income Determination
4. Classical Theory of Output and Employment Determination
5. Keynesian Theory of Income Determination: A Two-Sector Model
6. Change in Investment and Investment Multiplier
7. Theory of Income Determination in Three Sector Model
8. Income Determination in Open Economy: The Four-Sector Model
PART III Theories of Consumption and Investment
9. Theories of Aggregate Consumption
10. Theory of Investment and Capital Accumulation
PART IV Analysis of Monetary Sector
11. Money: Definition, Functions and Importance
12. The Supply of Money
13. The Classical Theory of Money Demand and Interest Determination
14. Keynesian Theory of Money Demand and Interest Determination
15. The Post-Keynesian Theories of Money Demand
PART V Integration of Product and Money Markets: The IS-LM Model
16. The IS-LM Model I: The Two-Sector Model
17. The IS-LM Model: The Three-Sector Model
18. The IS-LM Model: The Four-Sector Model
19. Synthesis of Classical and Keynesian Approach to General Equilibrium
20. Post-Keynesian Macroeconomics
PART VI Economic Growth and Business Cycles
21. Theories of Economic Growth
22. Business Cycle Theories and Global Recession
PART VII Dynamics of Inflation and Unemployment
23. Inflation: Meaning, Measure and Effects
24. Theories of Inflation and Control Measures
25. Inflation and Unemployment
PART VIII Some International Aspects of Macroeconomics
26. Foreign Exchange Rate
27. Balance of Payments: Meaning and Assessment
28. Balance of Payments Disequilibrium and Methods of Adjustments
PART IX Macroeconomic Policies: Monetary and Fiscal Policies
29. Macroeconomic Policies: Meaning, Objectives and Formulation
30. Monetary Policy
31. Fiscal Policy
32. Demonetisation and Implementation of Goods and Services Tax (GST)
Appendix: Solutions to Numerical Questions
1.Introduction to Macroeconomics
2. Circular Flow Model of the Economy
3.Measurement of National Income
PART II Product Market Analysis: Theory of National Income Determination
4. Classical Theory of Output and Employment Determination
5. Keynesian Theory of Income Determination: A Two-Sector Model
6. Change in Investment and Investment Multiplier
7. Theory of Income Determination in Three Sector Model
8. Income Determination in Open Economy: The Four-Sector Model
PART III Theories of Consumption and Investment
9. Theories of Aggregate Consumption
10. Theory of Investment and Capital Accumulation
PART IV Analysis of Monetary Sector
11. Money: Definition, Functions and Importance
12. The Supply of Money
13. The Classical Theory of Money Demand and Interest Determination
14. Keynesian Theory of Money Demand and Interest Determination
15. The Post-Keynesian Theories of Money Demand
PART V Integration of Product and Money Markets: The IS-LM Model
16. The IS-LM Model I: The Two-Sector Model
17. The IS-LM Model: The Three-Sector Model
18. The IS-LM Model: The Four-Sector Model
19. Synthesis of Classical and Keynesian Approach to General Equilibrium
20. Post-Keynesian Macroeconomics
PART VI Economic Growth and Business Cycles
21. Theories of Economic Growth
22. Business Cycle Theories and Global Recession
PART VII Dynamics of Inflation and Unemployment
23. Inflation: Meaning, Measure and Effects
24. Theories of Inflation and Control Measures
25. Inflation and Unemployment
PART VIII Some International Aspects of Macroeconomics
26. Foreign Exchange Rate
27. Balance of Payments: Meaning and Assessment
28. Balance of Payments Disequilibrium and Methods of Adjustments
PART IX Macroeconomic Policies: Monetary and Fiscal Policies
29. Macroeconomic Policies: Meaning, Objectives and Formulation
30. Monetary Policy
31. Fiscal Policy
32. Demonetisation and Implementation of Goods and Services Tax (GST)
Appendix: Solutions to Numerical Questions
Overview:
This comprehensive textbook on macroeconomics offers an in-depth exploration of economic theories, policies, and their real-world applications. By exploring topics such as national income determination, economic growth, inflation, unemployment, and international economics, it provides students and educators with a thorough understanding of macroeconomic principles. Updated with the latest data and enhanced explanations, this edition bridges the gap between theory and practice. This book will serve as a valuable resource for management students and economics professionals, offering essential insights for mastering the complexities of modern macroeconomics.
Key Features:
? Inclusion of new topics such as:
• Pre-Classical Economic Thoughts: The Mercantilism
• Framework of the Consumption Theory
• Current Measures of Money Supply by the RBI
? Introduction of modern methods for estimating national income, along with current estimates
? Updated data included in various tables across chapters
This comprehensive textbook on macroeconomics offers an in-depth exploration of economic theories, policies, and their real-world applications. By exploring topics such as national income determination, economic growth, inflation, unemployment, and international economics, it provides students and educators with a thorough understanding of macroeconomic principles. Updated with the latest data and enhanced explanations, this edition bridges the gap between theory and practice. This book will serve as a valuable resource for management students and economics professionals, offering essential insights for mastering the complexities of modern macroeconomics.
Key Features:
? Inclusion of new topics such as:
• Pre-Classical Economic Thoughts: The Mercantilism
• Framework of the Consumption Theory
• Current Measures of Money Supply by the RBI
? Introduction of modern methods for estimating national income, along with current estimates
? Updated data included in various tables across chapters