Table of Contents: Macroeconomics

Table of Contents:

National income accounting The classical theory of income and employment Keynesian theory of employment Determination of national income Consumption function Theories of consumption Theory of multiplier Inducement to invest and marginal efficiency of capital IS-LM Curve Limitation of Keynesian economics for development economies Unemployment and full employment Determination of general level of prices Monetarism and Friedman's modern quantity theory of money Inflation: nature and causes Business cycle theory Nature and functions of money Demand for money and Keynes' theory of interest Role of money in economic development Credit and commercial banking Central banking Monetary policy in a developing economy Money supply and prices Public finance Public revenue: taxation Incidence of taxation Fiscal policy in a developing economy Federal finance with special reference to India Balance of payments and trade Foreign exchange