Book description
Macroeconomics: Theory and Policy provides students with comprehensive coverage of all the essential concepts of macroeconomics. A balanced approach between theoretical and mathematical aspects of the subject has been adopted to ensure ease and clarity in learning. The book brings classroom teaching directly to the student with the friendly language that it uses. The purpose behind this book is not only to make the study of macroeconomics simple for the students but to enable them to apply it to every day situations and the prevailing economic state of affairs. The wide coverage of topics has been designed for use in courses on macroeconomics at the undergraduate level of Indian universities.
Table of contents
- Cover
- Title Page
- Contents
- Dedication
- List of Figures
- Preface
- Unit I: Introduction
-
Unit II: National Income and its Determination
- 3. National Income
- 4. The Classical Model of Income Determination
- 5. The Keynesian Model of Income Determination in a Two Sector Economy
- 6. Shifts in the Aggregate Demand and the Multiplier
- 7. The Keynesian Model of Income Determination in a Three Sector Economy: Introduction of the Government Sector
- 8. The Keynesian Model of Income Determination in a Four Sector Economy: Introduction of the Foreign Sector
- Unit III: Theories of Consumption and Investment Spending
- Unit IV: An Analysis of the Monetary Sector
-
Unit V: The IS-LM Framework: Equilibrium in the Goods and Money Markets
-
16. The IS-LM Model for a Two Sector Economy
- Introduction
- The IS-LM Model in a Two Sector Economy
- The Goods Market Equilibrium in a Two Sector Economy: The IS Curve
- The Money Market Equilibrium in a Two Sector Economy: The LM Curve
- Equilibrium in the Two Markets: The Goods Market and Money Market
- Disequilibrium to Equilibrium: The Process of Adjustment
- A Shift in the IS–LM Curves
- Summary
- Review Questions
-
17. The IS-LM Framework for a Three Sector Model
- Introduction
- The IS-LM Model for a Three Sector Economy
- The Goods Market Equilibrium in a Three Sector Economy: The IS Curve
- The Money–Market Equilibrium in a Three Sector Economy: The LM Curve
- Equilibrium in the Goods and the Money Market in Three Sector Economy
- Shifts in the IS Curve Due to Changes in Fiscal Policy
- Shifts in the LM Curve Due to Monetary Policy
- The Elasticities of IS and LM Curves and the Effectiveness of Monetary and Fiscal Policies
- Summary
- Review Questions
-
18. Aggregate Demand and Aggregate Supply
- Introduction
- The Aggregate Demand Curve
- The Aggregate Supply Curve
- The Aggregate Demand and Aggregate Supply Model
- The Effects of a Monetary Expansion
- Effects of a Decrease in Government Budget Deficit
- Effects of a Shift in Aggregate Supply: Supply Shocks
- The Supply Side Economics
- Summary
- Review Questions
-
16. The IS-LM Model for a Two Sector Economy
- Unit VI: Inflation and Unemployment
-
Unit VII: The Open Economy Macroeconomics and the Framework of Macroeconomic Policies
- 22. Foreign Exchange
-
23. Balance of Payments
- Introduction
- Meaning and Structure of Balance of Payments
- Double Entry Book Keeping
- A Disequilibrium in the Balance of Payments
- Kinds of Disequilibria in the Balance of Payments
- The Process of Adjustment in the Balance of Payments
- Analysis of Performance of Indian Economy in the External Sector
- Summary
- Review Questions
- 24. Macroeconomic Policies
-
25. Monetary Policy and Fiscal Policy
- Introduction
- Meaning of Monetar Policy
- Instruments of Monetary Policy
- Monetary Policy Developments in India
- Limitations of Monetary Policy
- Meaning of Fiscal Policy
- Instruments of Fiscal Policy
- Fiscal Policy and Stabilization in the Economy
- Full Employment Budget Surplus
- Limitations of Fiscal Policy
- Crowding Out and its Importance
- Summary
- Review Questions
- Appendix A
- Appendix B
- Appendix C
- Glossary
- Acknowledgements
- Copyright
Product information
- Title: Macroeconomics: Theory and Policy
- Author(s):
- Release date: April 2024
- Publisher(s): Pearson India
- ISBN: 9788131792261
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