Macroeconomics : theory and applications
Gupta, G. S.
Macroeconomics : theory and applications - 4th ed. - Chennai: McGraw Hill India, 2024. - 569p.
This edition continues to provide a concise and systematic account of concepts, theories and practices of macroeconomics, with an emphasis on India. It seeks to improve the treatment by enhancing its topical coverage and learning tools, besides updating all economic data. The text has been primarily designed for the postgraduate students of business management and economics. It would be immensely useful to practicing managers.
Salient Features
This new edition captures the significant macroeconomics events and developments which include case studies on Great Recession and Euro Area crisis, and theoretical developments such as securitisation of debt bundles, quantitative easing and hypothesis of the causal link between public debt and GDP growth rate, among others. The new theoretical/policy concepts have been added to the relevant chapters. These include wholesale and retail inflation, marginal standing facility tool with RBI, assignment rule for stabilisation policies, Taylor rule for interest rate target, propagation effect, demographic dividend and decoupling theory, among others.
Content
Part 1: Introduction and Measurement
Chapter 1 Introduction: An Overview
Chapter 2 National Income
Chapter 3 Inflation, Unemployment, and Poverty
Chapter 4 Money, Fiscal, and Foreign Sector Variables
Part 2: Behavioural and Technological Functions
Chapter 5 Consumption Function
Chapter 6 Investment Function
Chapter 7 Government, Foreign Trade, and Foreign Exchange Rate Functions
Chapter 8 Money Demand and Supply Functions
Chapter 9 Production Function, Factor Market, and Aggregate Supply Function
Part 3: Economic Fluctuations and Stabilisation Policy: Macroeconomic Models
10. Business Cycles, Stabilisation Policies and Economic Models
11. Classical and Keynesian Fixed Price Models
12. Keynesian Fixed Price, Open Economy (MundellFleming) Model
13. Keynesian Flexible Price (AD-AS) Model and Policy Debate
14. New Classical and New Keynesian Models
15. Unemployment and Inflation: Causes, Consequences and Cures
Part 4: Economic Growth and the State of Macroeconomics
16. Economic Growth
17. State of Macroeconomics
9789339214364
Macroeconomics
339 / GUP/M
Macroeconomics : theory and applications - 4th ed. - Chennai: McGraw Hill India, 2024. - 569p.
This edition continues to provide a concise and systematic account of concepts, theories and practices of macroeconomics, with an emphasis on India. It seeks to improve the treatment by enhancing its topical coverage and learning tools, besides updating all economic data. The text has been primarily designed for the postgraduate students of business management and economics. It would be immensely useful to practicing managers.
Salient Features
This new edition captures the significant macroeconomics events and developments which include case studies on Great Recession and Euro Area crisis, and theoretical developments such as securitisation of debt bundles, quantitative easing and hypothesis of the causal link between public debt and GDP growth rate, among others. The new theoretical/policy concepts have been added to the relevant chapters. These include wholesale and retail inflation, marginal standing facility tool with RBI, assignment rule for stabilisation policies, Taylor rule for interest rate target, propagation effect, demographic dividend and decoupling theory, among others.
Content
Part 1: Introduction and Measurement
Chapter 1 Introduction: An Overview
Chapter 2 National Income
Chapter 3 Inflation, Unemployment, and Poverty
Chapter 4 Money, Fiscal, and Foreign Sector Variables
Part 2: Behavioural and Technological Functions
Chapter 5 Consumption Function
Chapter 6 Investment Function
Chapter 7 Government, Foreign Trade, and Foreign Exchange Rate Functions
Chapter 8 Money Demand and Supply Functions
Chapter 9 Production Function, Factor Market, and Aggregate Supply Function
Part 3: Economic Fluctuations and Stabilisation Policy: Macroeconomic Models
10. Business Cycles, Stabilisation Policies and Economic Models
11. Classical and Keynesian Fixed Price Models
12. Keynesian Fixed Price, Open Economy (MundellFleming) Model
13. Keynesian Flexible Price (AD-AS) Model and Policy Debate
14. New Classical and New Keynesian Models
15. Unemployment and Inflation: Causes, Consequences and Cures
Part 4: Economic Growth and the State of Macroeconomics
16. Economic Growth
17. State of Macroeconomics
9789339214364
Macroeconomics
339 / GUP/M