Macro Economics – (TEXT BOOK) By- M.L. SETH For Graduate, Honours and Post Graduate Classes of Indian Universities and the I.A.S. I.E.S, I.S.S, C.A & C.A.I.I.B, Examination and also covering U.G.C-C.B.C.S. Syllabus as Prescribed

Description

Macro Economics – , By – Dr. M.L. Seth, ISBN Code – 978-93-88297-80-6

For Graduate, Honors and Post Graduate Classes of Indian Universities and the I.A.S.,I.E.S. I.S.S., & C.A.I.I.B. Examinations and also covering U.G.C. Syllabus as Prescribed.

“Macro Economics” is a text-book which has been especially planned to cater to the requirements of graduate, honors and post-graduate students in monetary theory at the university level. The book not only fully covers the prescribed course of study but also presents the essentials of monetary theory in a compact, coherent, lucid and easily intelligible manner. The course of study prescribed by the Public Service Commissions for the State and Central Services have also been borne in mind while writing the present volume, as it stands now, leaves out nothing of importance which may be expected of graduate or post-graduate students in monetary theory.

The present edition has been thoroughly revised and updated so as to incorporate several new points and diagrams to elaborate the explanations. Many of the chapters have been enlarged by adding several new sections. These are: Human Development Report : 2013 Human Development as the Ultimate Goal (Ch.2), Ratio of Saving to GDP (Ch.3) Equilibrium Level of Employment and Income (Ch.5) Normal Income Hypothesis, Drift Hypothesis (Ch.6) Tobin’s Q Theory of Investment (Ch.7) Operation of the Acceleration Principle (Ch.8) Employment Situation in 11-12 (Ch.11) factors Determining Money Supply in India (Ch.14), Instruments of Monetary Policy, The Operating Procedure of Monetary Policy in India, Ch.22, Endogenous Growth Models (Ch.31).

With all these new addition and improvements, the present edition of the book will, it is hoped, prove more useful for students preparing for various examinations.

CONTENTS :

Chapters

PART I

INTRODUCTION

1. Macro Economics

PART II

NATIONAL INCOME AND SOCIAL ACCOUNTING

2. National Income
3. Social Accounting

PART III

THEORY OF INCOME AND EMPLOYMENT

4. The Classical Theory of Income and Employment
5. Keynesian Theory of Employment–An Epitome
6. The Consumption Function
7. The Investment Function
8. Multiplier Accelerator and their Interaction
9. Theories of Interest
10. General. Equilibrium : The Interaction of IS and LM Functions
11. Full Employment Policy
12. Wages and Employment
13. Keynesian Theory and Underdeveloped Countries

PART IV

 THEORY OF MONEY

14. The Supply of Money
15. The Demand for Money
16. Value of Money and its Measurement
17. The Quantity Theory of Money
18. The Income Theory of Money Or [The Saving-Investment Theory of Money]
19. Liquidity Theory of Money
20. Inflation
21. Inflation and UnempIoyment– Phillips Curve
22. Monetary Policy
23. Central Banking Functions and Methods of Credit Control
24. Fiscal Policy
25. Keynesianism and Monetarism
26. The New Classical Macro-Economics

PART V

THEORY OF BUSINESS CYCLES

27. Business Cycles

PART VI

MACRO ECONOMICS IN OPEN ECONOMY

28. Balance of Payments
29. The Foreign Exchange

PART VII

ECONOMIC GROWTH

30. Economic Growth
31. Growth Models