{"product_id":"macroeconomics-21e-theory-and-policy","title":"Macroeconomics 21E : Theory And Policy","description":"\u003cp\u003eThe twenty-first edition of Macroeconomics: Theory and Policy strike an\u003c\/p\u003e\u003cp\u003eexpert 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.\u003c\/p\u003e\u003cp\u003eThe revised edition is a comprehensive textbook aligned with the latest curriculum for B.A. (Pass) and (Hons.), (Pass) and (Hons.), M.A. and 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 Commissions 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.\u003c\/p\u003e\u003cp\u003eThe books 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.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eKey Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e1. Special attention given to Indian macroeconomic issues, particularly those related to labour-surplus economies, consumption behaviour, inflation, investment and employment.\u003cbr\u003e2. Key concepts explained with visual aids such as illustrations, flowcharts and summary tables to enhance retention and comprehension.\u003cbr\u003e3. Additional reading material on Monetary Economics, International Economics, Public Finance and Development Economics readily available on our website.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eTable of Contents:\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePART I: MACROECONOMICS: THEORY OF INCOME AND EMPLOYMENT\u003c\/strong\u003e\u003cbr\u003eChapter 1: Nature and Scope of Macroeconomics\u003cbr\u003eChapter 2: Circular Flow of Income and National Income Accounting\u003cbr\u003eChapter 3: Classical Full-Employment Model\u003cbr\u003eChapter 4: Keyness Theory of Employment : An Outline\u003cbr\u003eChapter 5: Determination of National Income : Keyness Simple Two-Sector Model\u003cbr\u003eChapter 5A: Determination of National Income with Government : Three-Sector Model\u003cbr\u003eChapter 6: Consumption Function\u003cbr\u003eChapter 7: Post-Keynesian Theories of Consumption\u003cbr\u003eChapter 8: Investment Demand\u003cbr\u003eChapter 9: Theory of Multiplier\u003cbr\u003eAppendix to Chapter 9: Static and Dynamic Multiplier\u003cbr\u003eChapter 10: Aggregate Demand-Aggregate Supply Model (with Price Flexibility)\u003cbr\u003eAppendix to Chapter 10: Comparison of Keyness and Classical Theories\u003cbr\u003eChapter 11: Unemployment, Full Employment and Wage-Employment Relationship\u003cbr\u003e\u003cstrong\u003ePART II: IS-LM MODEL, INLATION-UNEMPLOYMENT TRADE-OFF AND RECENT DEVELOPMENTS IN MACROECONOMICS\u003c\/strong\u003e\u003cbr\u003eChapter 12: The IS-LM Curve Model\u003cbr\u003eAppendix to Chapter 12: IS-LM Model: Algebraic Analysis\u003cbr\u003eChapter 13: Inflation-Unemployment Trade-off: Phillips Curve and Rational Expectations Theory\u003cbr\u003eAppendix to Chapter 13: Derivation of Phillips Curve from Aggregate Supply Curve\u003cbr\u003eChapter 14: Stagflation and Supply-Side Economics\u003cbr\u003eChapter 15: The New Classical Economics: Rational Expectations Model\u003cbr\u003eChapter 16: The New Keynesian Economics\u003cbr\u003e\u003cstrong\u003ePart III: Monetary Demand and Supply\u003c\/strong\u003e\u003cbr\u003eChapter 17: Supply of Money and its Determinants\u003cbr\u003eChapter 18: Demand for Money and Keyness Liquidity Preference Theory of Interest\u003cbr\u003eChapter 19: Post-Keynesian Theories of Demand for Money\u003cbr\u003e\u003cstrong\u003ePART IV: MONEY, PRICE AND INFLATION\u003c\/strong\u003e\u003cbr\u003eChapter 20: Money and Prices: Quantity Theory of Money\u003cbr\u003eChapter 21: Keyness Monetary Theory: Money, Income and Prices\u003cbr\u003eChapter 22: Monetarism and Friedmans Restatement of Quantity Theory of Money\u003cbr\u003eChapter 22A: Monetarism and Keynesianism Compared\u003cbr\u003eChapter 23: Inflation and Hyperinflation: Causes, Effects and Cure\u003cbr\u003eAppendix to Chapter 23: Measurement of Inflation and Price Indices: WPI and CPI\u003cbr\u003e\u003cstrong\u003ePART V: BUSINESS CYCLE AND MACROECONOMIC POLICY\u003c\/strong\u003e\u003cbr\u003eChapter 24: Analysis of Business Cycles\u003cbr\u003eChapter 24A: Kaldor and Goodwins Model of Business Cycles\u003cbr\u003eChapter 24B: Monetarist and New Classical (Rational Expectations) Theories of Business Cycles\u003cbr\u003eChapter 24C: Real Business Cycle Theory\u003cbr\u003eChapter 25: Economic Stabilisation: Fiscal Policy\u003cbr\u003e\u003cstrong\u003ePART VI: GOVERNMENT AND MACROECONOMY: GOVERNMENTS BUDGET CONSTRAINT AND FISCAL POLICY\u003c\/strong\u003e\u003cbr\u003eChapter 26: Role of Fiscal Policy and Taxation in Resource Mobilisation for Economic Growth\u003cbr\u003eChapter 27: Government Borrowing or Debt-Financing of Budget Deficit\u003cbr\u003eChapter 27A: Government Budget Constraint: Money Financing of Budget Deficit\u003cbr\u003eAppendix to Chapter 27A: Indias Fiscal Deficit and Economic Growth\u003cbr\u003e\u003cstrong\u003ePART VII: OPEN ECONOMY MACROECONOMICS\u003c\/strong\u003e\u003cbr\u003eChapter 28: Balance of Payments\u003cbr\u003eChapter 28A: The Monetary Approach to the Balance of Payments\u003cbr\u003eChapter 29: Foreign Exchange Rate\u003cbr\u003eChapter 30: Determination of National Income in an Open Economy and Foreign Trade Multiplier\u003cbr\u003eChapter 31: International Linkages and Mundell-Fleming Model\u003cbr\u003eChapter 31A: Globalisation, Commercial Policy and WTO\u003cbr\u003eAppendix to Chapter 31A : Global Financial Crisis 2007-09\u003cbr\u003e\u003cstrong\u003ePART VIII: THEORIES OF ECONOMICS GROWTH\u003c\/strong\u003e\u003cbr\u003eChapter 32: Harrod-Domar Model of Growth\u003cbr\u003eChapter 33: Neoclassical Theory of Growth\u003cbr\u003eChapter 34: New Theory of Growth (Endogenous Growth Model)\u003cbr\u003eChapter 35: Limitations and Relevance of Keynesian Economics for Developing Countries\u003cbr\u003eChapter 36: Sen vs. Bhagwati: Debate on Growth and Distribution\u003c\/p\u003e\u003cp\u003eChapter 37: Money : Nature, Functions and Role\u003cbr\u003eChapter 38: Credit and Commercial Banking\u003cbr\u003eChapter 39: Central Banking\u003cbr\u003eChapter 39A: Objectives and Instruments of Monetary Policy\u003cbr\u003eAppendix to Chapter 39A : Role of Monetary Policy in Economic Growth\u003cbr\u003eChapter 40: Economic Stabilisation : Monetary Policy\u003cbr\u003eChapter 41:  Government in the Macroeconomy : Public Expenditure\u003cbr\u003eChapter 42: Financing of Government Expenditure : Taxation\u003cbr\u003eChapter 43: Free Trade Versus Protection\u003cbr\u003eChapter 44: Economic Growth and its Determinants\u003cbr\u003eChapter 45: Theory of Development with Surplus Labour : Lewis Model\u003cbr\u003eChapter 46: Nature of Unemployment in Labour Surplus Developing Countries\u003cbr\u003eChapter 47: Development Strategies for Labour-Surplus Developing Countries\u003c\/p\u003e","brand":"S Chand","offers":[{"title":"Default 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