Quick Overview

Authored By

Publisher: Sultan Chand & Sons

Publishing Year: 2025

Size (mm): 0.00 x 0.00

ISBN: 93-91820-73-2

Page nos.:

MRP: 525.00

Subject: Economics

₹525.00 + Add to Cart

“Modern Macroeconomics: ” is an essential textbook for postgraduate (MA, M.Com. and MBA) and undergraduate (BA, B.Com. and BBA) students studying macroeconomics, covering both basic and advanced macroeconomic concepts. Aligned with NEP 2020, it offers up-to-date content that meets current educational standards. The book stands out for its inclusion of mathematical modeling, enabling students to apply theory to real-world scenarios. It is also a valuable resource for civil service exam preparation, providing comprehensive coverage of key topics. Overall, this book is a well rounded resource that effectively bridges theory and practice, making it indispensable for both students and educators.


Salient Feature

  • Comprehensive Coverage: The book spans the full spectrum of macroeconomic topics, from foundational concepts to advanced theories, making it suitable for both undergraduate and postgraduate students.
  • Alignment with NEP 2020: Developed in accordance with the National Education Policy 2020, the content is current and aligned with modern educational standards.
  • Mathematical Modeling: The book includes detailed mathematical modeling of various macroeconomic theories, aiding students in applying theoretical knowledge to practical scenarios.
  • Balanced Approach: The text bridges the gap between theory and practice, making it ideal for academic learning as well as practical application.
  • Student-Friendly: Written in a clear and accessible style, the book is designed to cater to students with varying levels of expertise in macroeconomics.
  • Multi-Disciplinary Appeal: Suitable for students of economics, commerce, and management, offering a holistic understanding of macroeconomics across disciplines.

UNIT I: INTRODUCTION AND NATIONAL INCOME ESTIMATION

  • Macroeconomics: An Introduction
  • Challenges at the Macroeconomic Front: Concepts and Model Building
  • Measuring Macroeconomic Aggregates
UNIT II: THEORY OF INCOME AND EMPLOYMENT DETERMINATION
  • The Classical Philosophy of Income and Employment Determination
  • The Keynesian Mechanism of Income and Employment Determination: Two-Sector Model
  • The Keynesian Mechanism of Income and Employment Determination: Three-Sector Model (Government)
  • The Keynesian Mechanism of Income And Employment Determination: Four-Sector Model (With Foreign Sector)
UNIT III: MONEY MARKET ANALYSIS: THEORY OF MONEY AND INTEREST
  • Understanding Money
  • Money Supply
  • The Classical Hypothesis of The Money Market
  • The Keynesian Hypothesis of The Money Market
  • Post-Keynesian Hypothesis of Demand for Money
UNIT IV: THEORIES OF CONSUMPTION AND INVESTMENT
  • Theory of Consumption
  • Theory of Investment
UNIT V: ANALYSING PRODUCT AND MONEY MARKETS SIMULTANEOUSLY
  • Foundation of IS-LM Model in Two Sector Economy
  • IS-LM Model in Advanced Economic System
  • Fiscal And Monetary Policy With IS-LM Model
UNIT VI: DETERMINATION OF AGGREGATE SUPPLY, EMPLOYMENT, OUTPUT AND PRICE
  • Labour and Aggregate Supply
  • Determination of Output, Employment and Aggregate Price
UNIT VII: UNDERSTANDING INFLATION AND UNEMPLOYMENT
  • Comprehending Unemployment
  • Concept of Inflation: Measurement and Consequences
  • Theories of Inflation
  • Dynamics of Inflation and Unemployment
UNIT VIII: MACROECONOMICS THROUGH AN INTERNATIONAL PERSPECTIVE
  • The Small Open Economy
  • Foreign Exchange Rate in The Open Economy Model
  • The Large Open Economy
  • The IS-LM and Aggregate Demand in an Open Economy (Mundell Fleming Model)
  • Balance of Payments: A Comprehensive Understanding
  • Balance of Payments: Disequilibrium and Adjustments
UNIT IX: MACROECONOMIC POLICIES
  • Monetary Policy
  • Fiscal Policy
Index

ISBN13: 978-93-91820-73-2

Weight: 0.00

Edition: 1st Edition

Language: English

Title Code: 1286

Author

Authored By : Mishra Amritkant
Customer Reviews
  • Anshuman Samantaray 30/10/2024

    "Modern Macroeconomics" is an essential resource that thoroughly covers macroeconomic concepts from foundational to advanced theories, making it suitable for both undergraduate and postgraduate students. Aligned with the National Education Policy (NEP) 2020, the book is current and in sync with contemporary educational standards, promoting a modern approach to learning. Its inclusion of detailed mathematical modeling enables students to connect theory with real-world applications, enhancing practical understanding. The text is written in an accessible, student-friendly style, making complex ideas digestible for readers with varying levels of expertise. Additionally, its balanced approach bridges theory and practice, offering utility for academic study and practical application alike. With a multi-disciplinary appeal, it serves as an invaluable tool for students across economics, commerce, and management, making "Modern Macroeconomics" a comprehensive and adaptable addition to any macroeconomic curriculum.

  • Sukhmeet Kaur 29/10/2024

    This book is truly commendable and it incorporates the basics of the modern economic era and connect the dots with the realistic/ongoing issues. Thanks to one of the best author Dr. Amritkant Mishra who has put all his efforts in compiling it for the readers and sharing with us.

  • Srishti Paul 29/10/2024

    "Modern Macroeconomics" is a valuable resource for anyone looking to deepen their understanding of macroeconomic principles and their implications for policy-making. It successfully balances rigorous academic content with accessibility, making it suitable for both advanced students and professionals in the field. The book features numerous case studies and empirical examples, helping readers to contextualize theoretical constructs. The inclusion of graphical analyses and mathematical models aids in clarifying complex ideas, though some readers may find the latter somewhat challenging without a strong mathematical background. One of the book’s strengths lies in its clear exposition of foundational concepts such as aggregate demand and supply, inflation, and unemployment. The integration of recent developments enriches the discussion and makes it relevant to today’s economic challenges.

  • Ambrita Mishra 29/10/2024

    The book "Modern Macroeconomics: Bridging Concepts to Realities" by Dr. Amritkant Mishra elucidates fundamental macroeconomic concepts and provides a deeper understanding of economic phenomena through real world applications. This book contributes to the ongoing macroeconomic debates involving policy discussions in influencing economic outcomes. This book expounds and explores topics related to behavioral economics, quantitative macroeconomics and the implications of digital currencies and economic institutions. This book is a must read as it shows an interdisciplinary and holistic approach towards issues such as income inequality, unemployment, and sustainable development and broadens the perspective of readers regarding the forces that guide our economy.

  • Sayandeep De 29/10/2024

    "Modern Macroeconomics" is an indispensable textbook for anyone pursuing a deeper understanding of macroeconomic principles whether at the undergraduate or postgraduate level. This comprehensive resource is thoughtfully designed to cater to students in various disciplines, including economics, commerce and management, making it a versatile addition to any academic library.One of the standout features of this book is its comprehensive coverage. It spans the full range of macroeconomic topics, starting from foundational concepts to advanced theories. This inclusivity ensures that both novice learners and those with more advanced knowledge can find value within its pages. The alignment with the National Education Policy (NEP) 2020 further enhances its relevance, as it meets contemporary educational standards and prepares students for the complexities of today's economic landscape.The inclusion of mathematical modeling is another significant advantage of this textbook. By integrating mathematical frameworks with macroeconomic theory, the authors provide students with the tools necessary to apply theoretical concepts to real-world scenarios. This practical application is crucial, especially for students aiming to translate their academic knowledge into professional competencies.Moreover, the book's balanced approach effectively bridges the gap between theory and practice. It doesn't merely present macroeconomic concepts in isolation; instead, it contextualizes them within real-world economic phenomena. This feature is particularly beneficial for those preparing for civil service exams, as it offers a thorough grounding in key topics while also emphasizing the practical implications of macroeconomic theories.Written in a clear and accessible style, the book is student-friendly, accommodating varying levels of expertise in the subject. This thoughtful consideration makes the book an excellent resource for both self-study and classroom learning. Educators will also find it a valuable tool, as it fosters an engaging learning environment through its practical examples and analytical exercises. The book is indeed a well-rounded resource that not only fulfills the academic requirements of students but also equips them with the practical skills needed to navigate the complexities of the macroeconomic world. It stands out as a critical text for anyone serious about mastering macroeconomics, making it a highly recommended choice for students and educators alike.

  • Varun vansh 28/10/2024

    Cover well all the Concept of macroeconomics

  • Ayush Bhattacharjee 28/10/2024

    This book is a classic introduction to the subject, renowned for its clarity and accessibility. The book effectively breaks down complex macroeconomic concepts into digestible chunks, making it ideal for students and anyone seeking a solid foundation in the field. The author's use of real-world examples and illustrations helps readers connect theoretical concepts to practical applications. While some may find the coverage of certain topics a bit shallow, the book remains a valuable resource for understanding the fundamentals of macroeconomics

  • Ananya Nayak 28/10/2024

    Modern Macroeconomics is a solid introductory resource, valuable for students and general readers alike. It provides a clear understanding of how macroeconomic principles shape global economic policies and societal trends, while fostering an appreciation for the complexities and impacts of macroeconomic decisions.

  • Ann Mary 28/10/2024

    The book has covered vast list of topics in macroeconomics. Basics, intermediate and advanced topics are discussed in the book.

  • Dr. P K PATRA 28/10/2024

    Modern Macroeconmoics truly captures the essence of economics, both at fundamental and application levels. Extremely useful for UPSC aspirants, undergraduate and post-graduate students of economics as well as other allied disciplines like commerce and business administration. Strongly recommended if you want business news, global and Indian, to make sense.

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