Macroeconomics 21e : Theory and Policy

Author: H L Ahuja

Brand: S Chand

Edition: Latest Edition 2025-2026

Binding: paperback

Number Of Pages: 800

Release Date: 08-06-2025

Details: The twenty-first edition of Macroeconomics: Theory and Policy strike an expert balance between retaining the conceptual clarity that has made this book a trusted resource for 40 years, while sharpening its academic focus to meet the evolving needs of students and scholars alike. This book lays a solid foundation in macroeconomics, empowering readers to grasp fundamental principles and concepts with ease. The revised edition is a comprehensive textbook aligned with the latest curriculum for B.A. (Pass) and (Hons.), बीकॉम (Pass) and (Hons.), M.A. and एमकॉम courses in Economics. Besides university examinations, it is specifically designed to aid learners preparing for UGC-NET and competitive examinations such as Civil Services, Bank Probationary Officers Examinations, Combined Defense Services, Staff Selection Commission's Combined Graduate Level (CGL) examination, RBI and SEBI Grade A Examinations and many more. The book is also a useful resource for students in professional courses such as MBA, CA, ICWA, Journalism, Business Economics, Engineering, and Banking. The book's lucid language and straightforward presentation in the form of illustrative examples, graphs and diagrams make complex concepts easy to grasp, even for readers without prior knowledge of the subject. It breaks down intricate topics into bite-sized pieces, ensuring a seamless learning experience. The logical structure of the book makes learning engaging, effective and enjoyable. Key Features: 1. Special attention given to Indian macroeconomic issues, particularly those related to labour-surplus economies, consumption behaviour, inflation, investment and employment. 2. Key concepts explained with visual aids such as illustrations, flowcharts and summary tables to enhance retention and comprehension. 3. Additional reading material on Monetary Economics, International Economics, Public Finance and Development Economics readily available on our website. Table of Contents: PART I: MACROECONOMICS: THEORY OF INCOME AND EMPLOYMENT Chapter 1: Nature and Scope of Macroeconomics Chapter 2: Circular Flow of Income and National Income Accounting Chapter 3: Classical Full-Employment Model Chapter 4: Keynes's Theory of Employment : An Outline Chapter 5: Determination of National Income : Keynes's Simple Two-Sector Model Chapter 5A: Determination of National Income with Government : Three-Sector Model Chapter 6: Consumption Function Chapter 7: Post-Keynesian Theories of Consumption Chapter 8: Investment Demand Chapter 9: Theory of Multiplier Appendix to Chapter 9: Static and Dynamic Multiplier Chapter 10: Aggregate Demand-Aggregate Supply Model (with Price Flexibility) Appendix to Chapter 10: Comparison of Keynes's and Classical Theories Chapter 11: Unemployment, Full Employment and Wage-Employment Relationship PART II: IS-LM MODEL, INLATION-UNEMPLOYMENT TRADE-OFF AND RECENT DEVELOPMENTS IN MACROECONOMICS Chapter 12: The IS-LM Curve Model Appendix to Chapter 12: IS-LM Model: Algebraic Analysis Chapter 13: Inflation-Unemployment Trade-off: Phillips Curve and Rational Expectations Theory Appendix to Chapter 13: Derivation of Phillips Curve from Aggregate Supply Curve Chapter 14: Stagflation and Supply-Side Economics Chapter 15: The New Classical Economics: Rational Expectations Model Chapter 16: The New Keynesian Economics Part III: Monetary Demand and Supply Chapter 17: Supply of Money and its Determinants Chapter 18: Demand for Money and Keynes's Liquidity Preference Theory of Interest Chapter 19: Post-Keynesian Theories of Demand for Money PART IV: MONEY, PRICE AND INFLATION Chapter 20: Money and Prices: Quantity Theory of Money Chapter 21: Keynes's Monetary Theory: Money, Income and Prices Chapter 22: Monetarism and Friedman's Restatement of Quantity Theory of Money Chapter 22A: Monetarism and Keynesianism Compared Chapter 23: Inflation and Hyperinflation: Causes, Effects and Cure Appendix to Chapter 23: Measurement of Inflation and Price Indices: WPI and CPI PART V: BUSINESS CYCLE AND MACROECONOMIC POLICY Chapter 24: Analysis of Business Cycles Chapter 24A: Kaldor and Goodwin's Model of Business Cycles Chapter 24B: Monetarist and New Classical (Rational Expectations) Theories of Business Cycles Chapter 24C: Real Business Cycle Theory Chapter 25: Economic Stabilisation: Fiscal Policy PART VI: GOVERNMENT AND MACROECONOMY: GOVERNMENT'S BUDGET CONSTRAINT AND FISCAL POLICY Chapter 26: Role of Fiscal Policy and Taxation in Resource Mobilisation for Economic Growth Chapter 27: Government Borrowing or Debt-Financing of Budget Deficit Chapter 27A: Government Budget Constraint: Money Financing of Budget Deficit Appendix to Chapter 27A: India's Fiscal Deficit and Economic Growth PART VII: OPEN ECONOMY MACROECONOMICS Chapter 28: Balance of Payments Chapter 28A: The Monetary Approach to the Balance of Payments Chapter 29: Foreign Exchange Rate Chapter 30: Determination of National Income in an Open Economy and Foreign Trade Multiplier Chapter 31: International Linkag

EAN: 9789369584888

Package Dimensions: 16.5 x 9.2 x 1.3 inches

Languages: English