ISBN: 9789390620890 - a textbook of modern macroeconomics: theory, policy and practice (1 Ergebnisse)

Soft cover. Zustand: New. 2nd Edition. Contents: Part 1: National Income analysis 1. National Income Analysis Part 2: Product Market analysis: Output, Employment and Income Determination 2. The Classical Theory: Employment and Output in the Long Run 3. The Keynesian Theory: Employment and Output Determination in the Short Run 4. Keynesian Theory of Income Determination 5. Income Determination Model with Government Part 3: Money Market analysis 6. Supply of Money and the Banking System 7. Theories of Demand for Money Part 4: Integration of Product and Money Markets 8. The IS-LM Model 9. Aggregate Demand and Aggregate Supply Part 5: Post-Keynesian Macroeconomics 10. Monetarism 11. New Classical Macroeconomics/Supply Side Economics 12. New Keynesian Macroeconomics Part 6: Macro-theories of Consumption/Savings 13. Macro-theories of Consumption/Savings 14. Theories of Investment and Capital Accumulation Part 7: Economic Growth and Business Cycles 15 .Theories of Growth and Development: Macroeconomic Equilibrium in the Long Run 16. The Business Cycles: Theory and Policy Part 8: Inflation and Phillips Curve 17. Inflation Part 9: International Macroeconomics 18. International Macroeconomics Part 10: Macroeconomic Policies 19. Modern Macroeconomic Policy: Monetary Policy 20. Fiscal Policy References Index. The book Modern Macroeconomics is adornments with illustrative examples drawing on data from Indian macroeconomy to help students relate the stark theory to the real-world situations. The book is the key reading for undergraduate students, as there are new developments and complications in the world of macroeconomic over the past several years. The book contains a number of mathematical derivations and conclusions. As such, the students are expected to have a grasp on the basic mathematical techniques even though they are supported by ample graphical illustrations. The book includes ';business cycles' which, in most cases, originate in the form of ';shocks' of some kind or other, thus posing challenges to macroeconomic management. The book has dealt with, atleast, one such shock in the form of COVID-19 pandemic with its fallout on the world economy. It may be mentioned here that by the time the book was going to the ';print', another ';shock' of greater magnitude was brewing in the shape of Russia-Ukraine war, threatening to lead to World War-III. However, this macroeconomic shock could not be taken up at its premature stage.…