A Textbook of Modern Macroeconomics: Theory, Policy and Practice, 2/e
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A Textbook of Modern Macroeconomics: Theory, Policy and Practice, 2/e

Author : L.N. Dutta
© Year : 2022
ISBN : 9789390620890
Pages : 600
Binding : Paperback
Dimension : 18 x 24

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  • About the Book
  • Table of Contents
  • About the Author

The special feature of the book is its adornments with illustrative examples drawing on data from Indian macroeconomy to help students relate the stark theory to the real-world situations. This is all the more important  because macroeconomics in today's environment has become difficult and complicated for most undergraduate students.
The book contains a number of mathematical derivations and conclusions. As such, the students are expected to have a grasp on the basic mathematical techniques even though they are supported by ample graphical illustrations.
Another important feature of the book is the inclusion of ';business cycles' which, in most cases, originate in the form of ';shocks' of some kind or other, thus posing challenges to macroeconomic management. The book has dealt with, atleast, one such shock in the form of COVID-19 pandemic with its fallout on the world economy.
It may be mentioned here that by the time the book was going to the ';print', another ';shock' of greater magnitude was brewing in the shape of Russia-Ukraine war, threatening to lead to World War-III. However, this macroeconomic shock could not be taken up at its premature stage.

   1.  National Income Analysis
   2.  Classical Macroeconomics
   3.  Keynesian Macroeconomics
   4.  Modern Macroeconomic Framework: The IS-LM System
   5.  Aggregate Demand and Aggregate Supply: A New Model
   6.  Theory of Demand for Money: Post-Keynesian Developments—Baumol, Tobin and Friedman
   7.  The Supply of Money andthe Banking System
   8.  Modern Macroeconomic Policy: Fiscal Policy
   9.  Modern Macroeconomic Policy: Monetary Policy
10.  New Classical Macroeconomics/Supply Side Economics
11.  Inflation
12.  Macro-theories of Consumption/Savings
13.  Macroeconomics and Open Economy
14.  The Global Recession 2008
15.  Theories of Growth and Development: MacroeconomicEquilibrium in the Long run
        References
                        Index 

L.N. Dutta :- is a retired professor of Economics of Ranchi University. He has the teaching experience of over 35 years in the postgraduate department of Ranchi University. Besides, Dr. Dutta, has to his credit, a number of research papers which have been published in reputed journals. Also, he has the experience of guiding more than a dozen research scholars leading to their PhD degrees.
Dr. Dutta has special interest in areas such as macroeconomics, microeconomics, econometrics and international economics.

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