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 : 636
Binding : Paperback
Dimension : 18 x 24
Weight : 0.71   kg
Discount : 20.00  %
Price :   75.00      60.00
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  • About the Book
  • Table of Contents
  • About the Author

The book Modern Macroeconomics is adornments with illustrative examples drawing on data from Indian macroeconomy to help students relate the stark theory to the real-world situations. The book is the key reading for undergraduate students, as there are new developments and complications in the world of macroeconomic over the past several years.
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.
The book includes ';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.

Part 1: National Income analysis
1. National Income Analysis

Part 2: Product Market analysis: Output, Employment and Income Determination
2. The Classical Theory: Employment and Output in the Long Run
3. The Keynesian Theory: Employment and Output Determination in the Short Run
4. Keynesian Theory of Income Determination
5. Income Determination Model with Government

Part 3: Money Market analysis
6. Supply of Money and the Banking System
7. Theories of Demand for Money 

Part 4: Integration of Product and Money Markets
8. The IS-LM Model
9. Aggregate Demand and Aggregate Supply 

Part 5: Post-Keynesian Macroeconomics
10. Monetarism
11. New Classical Macroeconomics/Supply Side Economics
12. New Keynesian Macroeconomics 

Part 6: Macro-theories of Consumption/Savings
13. Macro-theories of Consumption/Savings
14. Theories of Investment and Capital Accumulation 

Part 7: Economic Growth and Business Cycles
15 .Theories of Growth and Development: Macroeconomic Equilibrium in the Long Run
16. The Business Cycles: Theory and Policy 

Part 8: Inflation and Phillips Curve
17. Inflation 

Part 9: International Macroeconomics
18. International Macroeconomics 

Part 10: Macroeconomic Policies
19. Modern Macroeconomic Policy: Monetary Policy
20. Fiscal Policy 


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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