000			02730nam a22001937a 4500
999			_c74871 _d74871
020			_a9788120343061
082			_a339 C3618 M _b103539
100			_aChandra Ghosh
245			_aMacroeconomics
250			_a1st ed.
260			_aNew Delhi _bPHI _c2014
300			_a421
500			_aMacroeconomics, which along with microeconomics forms one of the two most general fields of economics, deals with the entire economy—national, regional and global economy. As macroeconomics encompasses the performance, structure, behaviour, and decision making of the whole economy, it impinges on the lives of all the people in a country and the world in general. This comprehensive and well-organized text strives to dwell on the multidimensional aspects of macroeconomics in such a fashion that the concepts are explained with great precision and clarity. The authors, Dr. Ambar Ghosh and Dr. Chandana Ghosh, with their expertise and their wealth of experience in teaching the subject, try to strike a balance in treatment of the subject. That is to say, the text is neither too heavily mathematical nor entirely bereft of mathematics—indeed, it gives the right mix of mathematics and theory. The book discusses in detail Keynesian economics, which focuses on aggregate demand to explain levels of unemployment and the business cycle, as well as New Keynesian economics which is based on rational expectations and efficient markets. Under these two broad categories, the book covers such topics as national income accounting, aggregate demand and determination of GDP, and the IS-LM model. Besides, the text analyzes the Classical Theory dealing with aggregate supply, money market; the complete Keynesian model; and the consumption and investment functions. The book clearly explains and rejects new Classical and new Keynesian theories. The book concludes with a critique and rejection of modern theories of growth and the implications of growth for the economy.
505			_aPart I SUBSTANTIVE MACROECONOMICS Chapter 1 Introduction Chapter 2 National Income Accounting Chapter 3 Aggregate Demand and Determination of GDP Chapter 4 Financial Sector, Money Supply and Interest Rates Chapter 5 IS-LM Model Chapter 6 Classical Theory Chapter 7 Complete Keynesian Model Chapter 8 The Real Sector and the Financial Sector Chapter 9 Consumption Function Chapter 10 Investment Function: Keynesian Theory of Investment in Fixed Capital Chapter 11 Demand for Money Part II MACROECONOMICS GONE ASTRAY Chapter 12 New Classical and New Keynesian Theories Chapter 13 Modern Theories of Growth: A Critique
650			_aMacroeconomics
650			_aNational income--Accounting
700			_aAmbar Ghosh
942			_cBK