Macro Economics (Part – I)

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This book is written as per the new syllabus of Macro
Economics for B. Com students. It covers first semester Macro
Economics I. This book is written with the advance purpose in...

Name : Macro Economics (Part – I)
Vendor : Prashant Publication
Type : SYBCOM
Barcode : 9789389492026

Categories:

Authors:

Dr Jagatrao Dhangar

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INTERNATIONAL	XS	S	M	L	XL	XXL	XXXL
EUROPE	32	34	36	38	40	42	44
US	0	2	4	6	8	10	12
CHEST FIT (INCHES)	28"	30"	32"	34"	36"	38"	40"
CHEST FIT (CM)	716	76	81	86	91.5	96.5	101.1
WAIST FIR (INCHES)	21"	23"	25"	27"	29"	31"	33"
WAIST FIR (CM)	53.5	58.5	63.5	68.5	74	79	84
HIPS FIR (INCHES)	33"	34"	36"	38"	40"	42"	44"
HIPS FIR (CM)	81.5	86.5	91.5	96.5	101	106.5	111.5
SKORT LENGTHS (SM)	36.5	38	39.5	41	42.5	44	45.5

This book is written as per the new syllabus of Macro
Economics for B. Com students. It covers first semester Macro
Economics I. This book is written with the advance purpose in mind
to present unified and understandable knowledge of the economics
before the students.
This book is the product of ten years of teaching Macro
Economics at various courses of student’s in Kavayitri Bahinabai
Chaudhari North Maharashtra University, Jalgaon Notwithstanding
the availability of insufficient literature on the subject, it was felt
that none of the English books available in the market cover the
course requirement of the students. The present book aim to cover
this deficiency.
The book Macro Economics has been divided into two
parts. Part One, with six chapters, concern itself with explaining
Background of Macro Economics, Basic concepts of National
Income, The Classical Theory of employment & output, Modern
Keynesian approach to the equilibrium of the economy, Consumption
& Saving Functions, Investment Function.

1. Background of Macro Economics......................................07
1.1 Macro Economics
a) Definition of Macro Economics
b) Nature of Macro Economics
c) Scope of Macro Economics
d) Importance of Macro Economics
e) Limitations of Macro Economics
1.2 Development in Macro Economics
1.3 Paradox of Macro Economics

2. Basic Concepts of National Income....................................17
2.1 Various Concepts of National Income
a) Meaning of National Income
b) Gross Domestic Product (GDP) at market price
c) Net National Product (NNP) at market price
d) Gross National product (GNP) at market price
e) Disposable Income (DI) at market price
2.2 Circular Flow of Income
a) Meaning
b) Circular flow of Income in two sector economy
c) Circular flow of Income in three sector economy
d) Circular flow of Income in four sector open economy
2.3 Withdrawals & Injections in National Income

3. The Classical Theory of Employment & Output..............29
3.1 Say’s law of market & its implications
3.2 Implications of the classical theory
3.3 Criticism by Keynes on Classical theory

4. Modern Keynesian approach to the equilibrium
of the economy......................................................................37
4.1 Principle of effective demand
4.2 Full employment & unemployment equilibrium
4.3 Inflationary & deflationary gap
4.4 Saving-Investment approach in two sector economy
4.5 Paradox of thrift

5. Consumption & Saving Functions.....................................54
5.1 Comsumption function : meaning & importance
5.2 Determinants of consumption function
5.3 Concept of Average propensity to consume (APC), Marginal
propensity to Consume (MPC), Average propensity to save
(APS) & Marginal propensity to Save (MPS)
5.4 Keynes psychological law of consumption
5.5 Investment multiplier : Concept, Process of multiplier,
Importance & Limitations

6. Investment Functions..........................................................80
6.1 Concept of Capital & Investment
6.2 Gross & Net investment, Autonomous & Induced investment
6.3 Marginal efficiency of Capital (MEC)
6.3.1 Rate of Interest, Capital Accumulation
6.4 The acceleration theory of Investment

References...................................................................................88