Principles of Macroeconomics

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.

Soumyen Sikdar, Professor, Indian Institute of Management, Kolkata

Soumyen Sikdar teaches at Indian Institute of Management, Kolkata.

Preface to Third Edition
Introduction
Measuring the Economy's Performance
Theory of Income Determination
Theories of Consumption and Investment
Money, Interest, and Income
Fiscal and Monetary Policy
Banking System, Supply of Money, and the Conduct of Monetary Policy
Opening up the Economy
Determination of the Aggregate Price Level
The Problem of Inflation
Economic Growth
Special Topics
Glossary
References
Index