ESSENTIALS OF MICRO AND MACROECONOMICS

The Third Edition Of Essentials Of Micro And Macroeconomics Incorporates Some Revisions Of The Earlier Editions To Meet The Curricula Requirements Of Different Universities In India. However Being An Introductory Text Book. It Tries To Link Elementary Ideas Of Economics With Understanding Of The Modern Market Economics So As To Provide Some Tools For Decision Making. Imperfections Of The Earlier Editions Have Been Attended With Great Care In This Editions To Make It More Simple And Easy To Understand. Taking Course Materials Of Indian Universities Into Account, Some Of The New Topics That Have Been Incorporated In Both Microeconomics And Macroeconomics Are: 1. Unusual Shapes Of Indifference Curve And Homogenous Demand Function Of Degree Zero(Chapter 2) 2. Price Leadership Collusive Oligopoly Model, Baumol&Apos;S Sales Revenue Maximization Hypothesis Etc.( Chapter 5) 3. Assymetric Information, Adverse Selection, Moral Hazard Chapter 7) 4. The Open Economy Multiplier, Determinaqnts Of Money, Demand(Chapter 10) 5. Index Number Of Prices (Chapter11). 6. Types Of Budget (Chapter 12) 7. Fixed Vs Flexible Exchange Rate Systems, International Institutions Like The Imf, The World Bank, The Wto (Chapter 14). Besides Inclusion Of New Materials, One Can Notice That Some Topics/Issues Have Been Rewritten (E.G Circular Flow Of Income(Chapter 8), Comparative Cost Doctrine(Chapter 14), Phillips Curve In Chapter 11) And Updated With More Materials. For This Kind Of Revision The Suthor Expresses His Gratitude To The College Teachers And Students Who Have Been Constantly Offering Suggestions To Make The Book More Student-Friendly. Let There Be No Full Stop Of Offering Suggestions As There Is No Limit Of Learning Expedition.