Name: S Chand Macroeconomics Theory and Policy Low Priced Student Edition (NEW)
Brand: Amit Book Depot
Price: 625 INR
Availability: InStock

Macroeconomics Theory and Policy by H. L. Ahuja is a definitive book that bridges the gap between theoretical concepts and policy applications in macroeconomics. Published by S. Chand Publishing, this book is widely recommended for undergraduate, postgraduate, and competitive exam aspirants due to its comprehensive coverage and analytical depth.

The book begins with an introduction to macroeconomic fundamentals, including the circular flow of income, national income accounting, and classical vs. Keynesian theories of employment. It then progresses to advanced topics such as the IS-LM model, Phillips Curve, rational expectations, and New Keynesian economics, ensuring a well-rounded understanding of macroeconomic dynamics.

A significant portion of the book is dedicated to monetary economics, covering money supply, demand for money, central banking, and monetary policy. It critically examines quantity theory of money, Keynes’s liquidity preference theory, and Friedman’s monetarist approach, providing a balanced perspective on monetary influences on inflation and economic stability.

Key Features:

1. Authoritative Content: Written by renowned economist H. L. Ahuja, this book provides an in-depth exploration of macroeconomic theories, policies, and models, making it an essential resource for students and researchers.

2. Updated Syllabus Coverage: Aligned with major university curricula, the book covers classical, Keynesian, post-Keynesian, monetarist, and modern macroeconomic theories, ensuring a thorough understanding of the subject.

3. Structured Learning Approach: The book is systematically divided into eight parts, each focusing on critical aspects of macroeconomics, from national income determination to economic growth theories.

4. Practical Policy Insights: Discusses fiscal policy, monetary policy, inflation, unemployment, business cycles, and open economy macroeconomics, offering real-world applications.

5. Examination-Oriented: Includes clear explanations, diagrams, and analytical models to help students prepare for competitive exams and academic assessments.

Why Choose This Book?

1. Comprehensive & Up-to-Date: Covers traditional and modern macroeconomic theories.

2. Exam-Focused: Ideal for UGC NET, UPSC, MA Economics, MBA, and other competitive exams.

3. Clear & Analytical: Well-structured explanations with graphs and numerical examples.

4. Trusted Author: H. L. Ahuja is a respected name in economics education.

Have Doubts Regarding This Product ? Ask Your Question

Q1

Is this book suitable for UGC NET Economics preparation?

A1

Yes, it covers essential macroeconomic theories and policies required for UGC NET.
Q2

Does it include numerical examples for national income determination?

A2

Yes, it provides analytical models and numerical illustrations for better understanding.
Q3

Is the Keynesian theory explained in detail?

A3

Absolutely, it covers Keynes’s employment theory, consumption function, and multiplier effect extensively.
Q4

Are modern macroeconomic theories like New Keynesian economics included?

A4

Yes, it discusses New Keynesian economics, rational expectations, and monetarism.
Q5

Does the book cover fiscal and monetary policies?

A5

Yes, it includes detailed analysis of fiscal policy, taxation, central banking, and monetary instruments.
Q6

Is the IS-LM model explained with diagrams?

A6

Yes, the book provides graphical representations of the IS-LM model for clarity.
Q7

Does it discuss inflation and unemployment trade-offs?

A7

Yes, it includes the Phillips Curve and theories on stagflation.
Q8

Is open economy macroeconomics covered?

A8

Yes, topics like balance of payments, exchange rates, and foreign trade multipliers are included.
Q9

Is this book useful for MBA students?

A9

Yes, MBA students studying managerial economics will find it beneficial.
Q10

Are economic growth models like Harrod-Domar and endogenous growth discussed?

A10

Yes, Part 8 focuses extensively on various growth theories.

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PART 1 : MACROECONOMICS

1. Nature and Scope of Macroeconomics

2. Circular Flow of Income and National Income Accounting

3. The Classical Full-Employment Model

4. Keynes’s Theory of Employment : An Outline

5. Determination of National Income : Keynes’s Simple Two-Sector Model

5A. Determination of National Income With Government : Three-Sector Models

5A. Concepts of Inflationary and Deflationary Gaps

6. Consumption Function

7. Post-Keynesian Theories of Consumption

8. Investment Demand

9. Theory of Multiplier

10. Aggregate Demand - Aggregate Supply Model (With Price Flexibility)

11. Unemployment, Full Employment, and Wage-Employment Relationship

PART 2 : POST-KEYNESIAN DEVELOPMENTS IN MACROECONOMICS

12. The IS-LM Curve Model

13. Inflation—Unemployment Trade-off: Phillips Curve and Rational Expectations Theory

14. Stagflation and Supply-Side Economics

15. The New Classical Economics : Rational Expectations Model

16. The New Keynesian Economics

PART 3 : MONETARY DEMAND AND SUPPLY

17. Money : Nature, Functions, and Role

18. Credit and Commercial Banking

19. Central Banking

19A. Objectives and Instruments of Monetary Policy

20. Supply of Money and Its Determinants

21. Demand for Money and Keynes’s Liquidity Preference Theory of Interest

22. Post -Keynesian Theories of Demand for Money

PART 4 : MONEY, PRICES, AND INFLATION

23. Money and Prices : Quantity Theory of Money

24. Keynes’s Monetary Theory : Money, Income, and Prices

25. Monetarism and Friedman’s Restatement of the Quantity Theory of Money

25A. Monetarism and Keynesianism Compared

26. Inflation and Hyperinflation : Cause, Effects, and Cure

PART 5 : BUSINESS CYCLES AND MACROECONOMIC POLICY

27. Analysis of Business Cycles

27A. Kaldor and Goodwin’s Models of Business Cycles

27B. Monetarist and New Classical (Rational Expectations) Theories of Business Cycles

27C. Real Business Cycle Theory

28. Economic Stabilization: Fiscal Policy

PART 6 : GOVERNMENT AND THE MACROECONOMY : GOVERNMENT'S BUDGET CONSTRAINT AND FISCAL POLICY

30. Government in the Macroeconomy : Public Expenditure

31. Financing of Government Expenditure : Taxation

32. Role of Fiscal Policy and Taxation in Resource Mobilization for Economic Growth

33. Government Borrowing or Debt—Financing of Budget Deficit

33A. Government Budget Constraint : Money Financing of Budget Deficit

PART 7 : OPEN ECONOMY MACROECONOMICS

34. Balance of Payments

34A. The Monetary Approach to the Balance of Payments

35. Foreign Exchange Rate

36. Determination of National Income in an Open Economy and Foreign Trade Multiplier

37. Free Trade Versus Protection

38. International Linkages and Mundell-Fleming Model

38A. Globalization, Commercial Policy, and WTO

PART 8 : THEORIES OF ECONOMIC GROWTH

39. Economic Growth and its Determinants

40. Harrod-Domar Model of Growth

41. Neoclassical Theory of Growth

42. New Theory of Growth (Endogenous Growth Model)

43. Theory of Development with Surplus Labour : Lewis Model

44. Limitations and Relevance of Keynesian Economics to Developing Countries

45. Nature of Unemployment in Labor Surplus Developing Countries

46. Development Strategies for Labour - Surplus Developing Countries

47. Sen Vs. Bhagwati : Debate on Growth and Distribution