Macro Economics (theory & Policy)

Macro Economics (theory & Policy) Book Description

1. In this book an indepth and advanced analysis of the theory of income and employment, money and prices , interest rate,

inflation and business cycles has been made.
2. This book incorporates the analysis of not only Keynesian Macroeconomics, but also the Post-Keynesian schools of thought

such as monetarism, Supply-side macroeconomics, New Classical Macroeconomics (i.e. Rational Expextations Model) and New

Keynesian Macroeconomics.
3. This book also makes a critical analysis of macroeconomics policy (both fiscal and monetary) for bringing about economic

stabilisation and stimulating economic growth.
4. This book also contains the critical analysis of important theories of economic growth such as Harrod-Domar Model,

Neoclassical Growth Theory, New Growth Theory (i.e. Endogenous growth model) and Theory of Economic Development with Surplus

Labour (i.e. Lewis Model).
5. It also explains Open Economy Macroeconomics with special reference to Mundell-Fleming Model, Globalisation nad WTO and

Recent Global Financial Crisis and its impact on India's economic growth.
Book Contents -
PART-1 MACROECONOMICS
1. Nature and Scope of Macroeconomics
2. Circular Flow of Income and National Income Accounting
3. The Classical Theory of Income and Employment
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PART-II: MONETARY DEMAND AND SUPPLY
13. Nature and Functions of Money
14. Credit and Commercial Banking
15. Central Bankingy
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PART-III MONEY, PRICES AND INFLATION
20. Money and Prices: Quantity Theory of Money
21. Money, Income and Prices:Keynes's Monetary Theory
22. Monetarism: Friedman's Modern Quantity Theory of Money
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PART-IV: POST-KEYNESIAN DEVELOPMENTS IN MACROECONOMICS
24. IS-LM Curves Model
Appendix to Chapter 24:IS-LM Model: Algebric Analysis
25. Inflation and Unemployment: Philips Curve and Rational Expectations
Appendix to Chapter 25: Derivation of Phillips Curve from Aggregate Supply Curve
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PART-V: BUSINESS CYCLES AND MACROECONOMIC POLICY
27. Business Cycles
27 A. Kaldor and Goodwin's Models of Business Cycles
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PART-VI GOVERNMENT AND THE MACROECONOMY: GOVERNMENT'S BUDGET CONSTRAINT AND FISCAL POLICY
30. Public Finance: Public Expenditure
31. Financing of Government Expenditure: Taxation
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PART-VII OPEN ECONOMY MACROECONOMICS
34. Balance of Payments and Trade
35. Foreign Exchange Rate
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PART-VIII: THEORIES OF ECONOMIC GROWTH
39. Economic Growth and its Determinants
40. Harrod-Domar Model of Growth
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