Modern Economic Theory

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Description
The book, having made its worth & importance felt in the students as well as the faculty community for more than six decades now, appears in the present edition with chapter wise upgraded material. The present edition would surely serve to the reader's delight with its elaborate incorporation of some new concepts, diagrams and at certain places, almost the entire chapter. These changes are brought upon in the book to cater to the needs of both university exams takers as well as different national and state level competitive examination aspirants. The content highlights of this revised, upgraded edition are:
•    Demand Curve from Indifference Curve
•    Measurement of Price Elasticity of Demand
•    Managerial Application of Indifference Curve
•    Compensating and equaivalent Variation
•    Elasticity of Supply
•    Pricing of Policy and Disinvestment of Public Sector (India)
•    Collusive Oligopoly
•    Effective Demand and Consumption Function
•    IS-LM Framework
•    Demand Puff and Cost Push inflation
•    Cobweb Theory
•    Purchasing Power Parity Theory
•    Principle of Tax Incidence » Fiscal Policy
•    Some new topics in welfare economics
Further, the profusely illustrated Multicolour presentation of the book with pictorial and graphical information, is an innovative step taken by the publishers to make the book even more interesting and thus help the readers understand the subject matter in a better manner.
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Contents
Part One - Price Theory or Micro Economics
Unit I - Nature and Methodology of Economics
Unit II - Theory of Demand
Unit III - Theory of Production
Unit IV - Product Pricing
Unit V - Factor Pricing
Part Two - Theory of Income and Employment or Macro-Economics
Unit I - Social Accounting
Unit II - Theory of Income Determination
Unit III - Economic Fluctuations
Part Three - Money and Banking
Unit I - Monetary Standards and Theory of Money and Prices
Unit II - Banking
Part Four - International Economics
Unit I - International Trade Theory
Unit II - Balance of Payments and International Monetary System
Part Five - Public Finance
Part Six - Economic Systems
Part Seven - Economics of Development and Planning
Unit I - Economics of Development
Unit II - Development Planning
Part Eight - Economics of Welfare
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