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Macroeconomic Theory, 14/e

Macroeconomic Theory, 14/e

Vikas Publishing
  • 9788125941958
  • 832 pages
  • Paperback
  • 6.75" x 9.5" inches
  • Book 510.00
  • 2010


The 14th edition of Macroeconomic Theory is a thoroughly-revised work that incorporates the latest available literature on the subject to keep pace with the ever-changing macroeconomic environment. In this book, the concepts have been organized and presented in a graded and logical manner for easy understanding. While two new chapters on ‘Taxation and Public Debt’ and the “Foreign Exchange Rate’ have been added, the concepts of the ‘Green Net National Product’ and the “Supply-side Economics’ have been discussed in greater detail. Several other chapters in the book have been significantly augmented with the latest information. Many diagrams have been redrawn to facilitate clearer grasp of difficult concepts.
Examination-oriented review questions at the end of each chapter for the reader to assess their knowledge.

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Part-I: Introduction
• Nature and Scope of Managerial Economics • Objectives of Business Firms • Some Fundamental Concepts Used in Business Decisions • Basic Tools of Economic Analysis and Optimization Techniques • Method of Estimating a Function - The Regression Technique

Part-II: Analysis of Demand and Demand Forecasting
Basics of the Market System and Market Equilibrium • Analysis of Consumer Demand • Analysis of Market Demand and Demand Elasticities • Demand Forecasting

Part-III: Production and Cost Analysis
Theory of Production • Theory of Cost and Break-Even Analysis • Linear Programming

Part-IV: Market Structure, Pricing Theory and Practices
Market Structure and Pricing Decisions • Alternative Theories of the Firm • Pricing Strategies and Practices

Part-V: Capital Budgeting and Investment Decisions
• Capital Budgeting and Investment Under Certainty • Investment Decisions Under Risk and Uncertainty

Part-VI: Macroeconomic Aspects of Managerial Economics
Macroeconomics - Meaning, Nature and Scope • Circular Flow Model of the Economy • National Income - Concept and Measurement • Theory of National Income Determination • Income Determination with Government and Foreign Trade • Modern Theories of Economic Growth • Business Cycles and Stabilization • Inflation: Meaning, Theories and Control Measures

Part-VII: International Economic Linkages
• Changing International Business Environment • Theory of International Trade • Foreign Trade Policy - Free Trade Vs. Trade Control • Determination of Foreign Exchange Rate • Balance of Payments: Meaning, Disequilibrium and Adjustment • International Monetary System

Part-VIII: Government and the Private Business
• Government's Role in the Economy • Fiscal Policy: Taxation and Private Business • Monetary Policy • Industrial Policy of India • Some Economic Legislations • Social Responsibility of Private Business