Macroeconomics: Theory and Policy provides students with comprehensive coverage of all the essential concepts of macroeconomics. A balanced approach between theoretical and mathematical aspects of the subject has been adopted to ensure ease and clarity in learning. The book brings classroom teaching directly to the student with the friendly language that it uses. The purpose behind this book is not only to make the study of macroeconomics simple for the students but to enable them to apply it to every day situations and the prevailing economic state of affairs. The wide coverage of topics has been designed for use in courses on macroeconomics at the undergraduate level of Indian universities.

An introduction to macroeconomics
The circular flow of income and expenditure
National inocme
The classical model of income deternimation
The Keynesian model of income determination in a two sector economy
Shifts in the aggregate demand and the multiplier
The Keyesian model of income determination in a three sector economy : introduction of the goverment sector
The Keyesian model of income determination in a four sector economy : introduction of the foriegn sector
Theories of consumption
Theories of investment spending
Money
Supply of money
Demand for money and the rate of interest : the classical approach
Demand for money : the Keyesian approach
Demand for money : the post-Keyesian approach
The IS-LM model for a two sector economy
The IS-LM framework for a three sector model
Aggregate demand and aggreagate supply
Infaltion
Theories of inflation
Unemployment
Foreign exchange
Balance of payments
Macroeconomic policies
Monetary policy and fiscal policy