Macroeconomics: Theory & Practice [4 ed.] 9339221842, 9789339221843

Table of contents :
Title
Contents
Chapter 1
Part 1 Introduction
1 Introduction to Macroeconomics
2 Macroeconomics Issues, Concepts and Model Building
3 The Circular Flow Models of the Economy
4 National Income Accounting
Part 2 Product Market Analysis: Therory of National Income Determination
5 The Classical Theory of Output and Employment
6 Keynesian Theory of Income Determination: A Simple Economy Model
7 Change in Aggregate Demand and Investment Multiplier
8 Determination of Income in a Closed Economy Model: A Model with Government Sector
9 Income Determination in Open Economy Model: The Four-Sector Model
Part 3 Theories of Consumption and Investment
10 Theories of Aggregate Consumption
11 Theory of Investment and Capital Accumulation
Part 4 Money Market: Theory of Money Supply, Demand and Interest
12 Money: Definition Kinds, Functions and Importance
13 The Supply of Money
14 The Classical Theroy of Money Demand and Interest
15 The Keynesian Theory of Money Demand and Interest
16 The Post-Keynesian Theories of Money Demand
Part 5 Integration of Product and Money Markets: The LS-LM Model
17 The IS-LM Model: Two-Sector Economy
18 The IS-LM Model with Government Sector: Three-Sector Model
19 The IS-LM Model with Foreign Sector
20 Determination of Output, Prices and Employmen: A Synthesis of Keynesian and Classical Approaches
21 Post-Keynesian Macroeconomics
Part 6 Economic Growth and Business Cycles
22 Theories of Economic Growth
23 Business Cycle Theories and Global Recession
Part 4 Dynamics of Inflation and Unemployment
24 Inflation: Meaning, Measures and Effects
25 Theories of Inflation and Control Measures
26 Inflation and Unemployment
Part 8 International Aspects of Macroeconomics
27 The Foreign Exchange Rate
28 Balance of Payments: Meaning and Assessment
29 Balance of Payments: Disequilibrium and Adjustments
Part 9 Macroeconomic Policies: Monetary and Fiscal Policies
30 Macroeconomic Policy: Meaning, Objectives and Formulation
31 Monetary Policy
32 Fiscal Policy
Appendix
Index

Citation preview

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53! ! Macroeconomics: Theory and Policy

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2.3.1

How Relevant are the Models to the Real World?

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3.2.2

Withdrawals, Injections and the Size of Income Flows

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Chapter 3: The Circular Flow Models of the Economy! ! 5:

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61! ! Macroeconomics: Theory and Policy

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Capital Market

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Chapter 3: The Circular Flow Models of the Economy! ! 62

!

3.3

CIRCULAR FLOWS IN THREE-SECTOR MODEL: A MODEL WITH GOVERNMENT INCOME AND EXPENDITURE

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63! ! Macroeconomics: Theory and Policy

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CHAPTER 4 National Income Accounting INTRODUCTION

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4.3.1

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