Contents

PART 1: Introduction

Chapter 1: Introduction to Macroeconomics

Chapter 2: Macroeconomics Issues, Concepts and Model Building

Chapter 3: The Circular Flow Models of Economy

Chapter 4: National Income Accounting

PART 2: Product Market Analysis: Theory of National Income Determination

Chapter 5: The Classical Theory of Output and Employment

Chapter 6: Keynesian Theory of Income Determination: A Simple Economy Model

Chapter 7: Change in Aggregate Demand by Investment and Multiplier (NEW CHAPTER)

Chapter 8: Determination of Income in a Closed Economy Model: A Model with Government Sector

Chapter 9: Determination of Income in Open Economy Model: The Four Sector Model

PART 3: Theories of Consumption and Investment

Chapter 10: Theories of Aggregate Consumption

Chapter 11: Theory of Investment and Capital Accumulation

PART 4: Money Market: Theory of Money, Supply, Demand and Interest

Chapter 12: Money: Definition, Kinds, Functions and Importance

Chapter 13 : The Supply of Money

Chapter 14: The Classical Theory of Money Demand and Interest

Chapter 15: The Keynesian Theory of Money Demand and Interest

Chapter 16: The Post-Keynesian Theories of Money Demand

PART 5: Integration of Product and Money Market Equilibrium

Chapter 17: The IS-LM Model: Two Sector Economy

Chapter 18: The IS-LM Model: Government Sector

Chapter 19: The IS-LM Model: Foreign Sector

Chapter 20: Determination of Output, Prices, Employment: A Synthesis of Keynesian and Classical Approaches

PART 6: Economic Growth and Business Cycles

Chapter 22: Theories of Economic Growth

Chapter 23: Business Cycle Theories and Global Recession

PART 7: Dynamics of Inflation and Unemployment

Chapter 24: Inflation: Meaning, Measurement and Effects

Chapter 25: Theories of Inflation and Control Measures

Chapter 26: Inflation and Unemployment

PART 8: International Aspects of Macroeconomics

Chapter 27: The Foreign Exchange Rate

Chapter 28: Balance of Payments: Meaning and Assessment

Chapter 29: Balance of Payments: Disequilibrium and Adjustments

PART 9: Macroeconomic Policies: Monetary and Fiscal Policies

Chapter 30: Macroeconomic Policy: Meaning, Objectives and Formulation

Chapter 31: Monetary Policy

Chapter 32: Fiscal Policy

This book provides a comprehensive discussion on macroeconomics by exploring the different stages of growth of macroeconomics - classical, Keynesian and post-Keynesian. Meant for postgraduate and undergraduate students, the new edition is thoroughly revised with simplified interpretations and examples and updated with latest economic data.