Macro Economics : Theory and Policy (A Book for Students and Teaching Faculty)

 ......................................................................................................................................
Description
It is a matter of great pleasure for me to bring out the First edition of the book. It is based on the latest syllabus prescribed by KSLU for B. Com LLB 2nd Semester for the year 2019-20 and onwards. My primary goal in bringing out this book has been to provide a way to understand basics of macroeconomics theories and variables in a simple, lucid and easy to understand manner. I believe that the basic economics ideas are so important that students should remember them beyond the final examination.
This book has been written to the better understanding for the student and includes sufficient real-life examples and theories for several areas of economic activity. Appropriate diagrams and recent statistical data have been used for the better understanding of these theories. I hope that a thorough reading of this book would create an interest among the students about the field of economics and enable them to answer all type of questions in their KSLU examination.
Salient features of the book:
Each topic has been written in accordance with the latest guidelines issued by KSLU University.
The concept has been systematically explained through use of diagrams, table and current examples.
Keynesian economics has been discussed according to syllabus.
Concerning National Income Accounting, the important new concept of calculation of National Income discussed.
Explanation of circular flow of Income, multiplier theory has been explained in brief.
Say's Law of Market and Wage Price Flexibility are the interesting parts of this book.
I have also included previous year question paper keeping in mind the accessibility to the questions.
......................................................................................................................................
Table of Contents
Unit 1. Macro Economics and National Income
1. Concept of Macroeconomics
2. Circular Flow of Income and Wealth
3. National Income and its Measurement
Unit 2. Classical and Keynesian Economics
4. The Classical Theory of Employment
5. Keynesian Theory of Income
6. Consumption Function
7. Investment Function - Marginal Efficiency of Capital
8. Theory of Multiplier
9. Accelerator Theory of Investment
10. Comparison between Classical and Keynesian Theories
Unit 3. Monetary Economics
11. Value of Money : Quantity Theory of Money and its Approaches
12. Keynes Index Numbers
13. Portfolio Management of a Commercial Bank
14. Credit Creation by Commercial Banks
15. Central Banking : Methods of Credit Control
Unit 4. Public Finance
16. Public Finance : Meaning and Concept
17. Principle of Maximum Social Advantage
18. Sources of Public Revenue
19. Direct and Indirect Taxes
20. Effect and Canon of Taxation
21. Public Expenditure
22. Public Debt and Budget Type
Unit 5. Economic Fluctutations and Business Cycles
23. Inflation Approaches and Inflationary Gap
24. Important Measures to Control Inflation
25. Trade Cycle and its Theories
......................................................................................................................................
Author Details
KIRTI SRIVASTAVA (MA, M. PHIL, B. ED, PGDCA) Assistant Professor in Economics, Christ Academy Institute of Law, Bengaluru. She has a total experience of 6 plus years in teaching. She has. received her MA, M Phil degree in economics with distinction from Madhya Pradesh. She has taught Advanced Economic Theory (both Rani Durgawati University, Micro and Macro), Development Economics in her teaching career. She started her career as a PUC lecturer in Economics and has a vast experience of 4 plus years with 100% result. She has actively participated and presented papers in National and International conferences. She was actively involved in research of "Observational Study of Fiscal Policy in India After 1991".