Description
MC GRAW HILL Macroeconomics Theory And Policy 5Th Edition 2018 Edition by D N Dwivedi
It gives us immense pleasure to present the fifth edition of Macroeconomics. This edIition meets the curriculum requirements to broaden each student's perspective and provides macroeconomic analysis its greatest breadth. It continues to offer a comprehensive explanation of various theories formulated at different stages of the growth of macroeconomics—classical, Keynesian and post-Keynesian. A succinct methodology is applied throughout to present the subject matter of macroeconomics. Part I Introduction1 Introduction to Macroeconomics2 Circular Flow Model of the Economy3 National Income AccountingPart II Product Market Analysis: Theory of National Income Determination4 The Classical Theory of Output and Employment5 Keynesian Theory of Income Determination: Simple Economy Model6 Change in Aggregate Demand and Investment Multiplier7 Theory of Income Determination in Closed Economy Model: A Model with Government Sector8 Income Determination in Open Economy: the Four-Sector ModelPart III Theories of Consumption and Investment9 Theories of Aggregate Consumption10 Theory of Investment and Capital AccumulationPart IV Money Market Analysis 11 Money: Definition, Functions and Importance12 The Supply of Money13 The Classical Theory of Money Demand and Interest Determination14 The Keynesian Theory of Money Demand and Interest15 The Post-Keynesian Theories of Money DemandPart V Integration of Product and Money Markets: The IS-LM Model16 The IS-LM Model: The Simple Economy Model17 The IS-LM Model with Government Sector: The Three-Sector Model18 IS-LM Model with Foreign Sector19 Synthesis of Classical and Keynesian Approach to General Economic Equilibrium20 Post-Keynesian Macroeconomics Part VI Economic Growth and Business Cycles21 Theories of Economic Growth22 Business Cycle Theories and Global RecessionPart VII Dynamics of Inflation and Unemployment23 Inflation: Meaning, Measure and Effects24 Theories of Inflation and Control Measures25 Inflation and UnemploymentPart VIII International Aspects of Macroeconomics26 Foreign Exchange Rate27 Balance of Payments: Meaning and Assessment28 Balance of Payments Disequilibrium and AdjustmentsPart IX Macroeconomic policies: Monetary and Fiscal Policies29 Macroeconomic Policies: Meaning, Objectives and Formulation30 Monetary Policy31 Fiscal Policy32 Demonetisation and Implementation of Goods and Services Tax (GST) • A new chapter on “Demonetisation and Implementation of GST in India”• Up-to-date text with simplified interpretations, examples and latest economic data • Step-by-step illustrations of macroeconomic theories using graphical and algebraic methods• Enriched pedagogy with revised ‘Review’ questions, and new ‘Objective’ questions