Macroeconomic Theory

Macroeconomic theories were designed to cope up with the economic turmoil, such as Great Depression, so as to stabilize the economy. This book comprehensively explains the broad aggregates and their interactions such as national income and output, the unemployment rate, and price inflation, and sub-aggregates like total consumption and investment spending, and their components.

Preface

Part I:-INTRODUCTION
1. Microeconomics and Macroeconomics 
2. Basic Concepts in Macroeconomics 

Part II:- CIRCULAR FLOW AND  NATIONAL INCOME
3. Circular Flow of Income 
4. The National Income and Its Distribution 

Part III:- MACROECONOMIC THEORY
5. The Classical Theory of Employment 
6. Say’s Law of Market
7. The Keynesian Theory of Income and Employment 
8. The Multiplier 
9. Balanced Budget Multiplier and Foreign Trade Multiplier 
10. The Acceleration Principle 
11. Super Multiplier 
12. Consumption Function 
13. Theories of Consumption Function 
14. Savings and Investment 
15. Rate of Interest 
16. Keynes’ Theory of Money and Prices Reformulation of the Quantity Theory of Money
17. Evaluation of Keynesian Theory of Employment 
Part IV:- MONETARY THEORY

18. IS-LM Function: General Equilibrium of Product and Money Markets 
19. Inflation
20. Theories of Inflation 
21. The Phillips Curve 

Part V:- THEORIES OF BUSINESS CYCLE 
22. Business Cycles 
23. Some Alternative Theories of Trade Cycle

Part VI:- MACROECONOMIC POLICY AND THEORIES OF DISTRIBUTION
24. Macroeconomic Policy 
25. Monetary Policy 
26. Fiscal Policy 
27. Incomes Policy 
28. Rational Expectations 
29. Monetarism vs Keynesianism 
30. Supply Side Economics 
31. New Classical Macro-economics 
32. Macro Theories of Distribution 
Index