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Macroeconomics
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Macroeconomics
Theories and Applications for Emerging Economies



© 2018 | 512 pages | SAGE Publications Pvt. Ltd

A comprehensive text on macroeconomic theories with reference to developing economies.

This new textbook presents macroeconomic theory and its implications in policy formulation in a unique manner, continuously weaving in scenarios from India and other emerging economies. While the book meticulously guides the reader through the workings of key macroeconomic models, it also discusses at length the assumptions that make the models applicable to developing market nations. It offers interesting insights into the Simple Keynesian Cross Model, international capital movement and different schools of macroeconomic thought, and compares macroeconomic models of developed and developing economies.

Key Features:

· Boxed text highlighting experiences of emerging market economies and demonstrating the role of macroeconomic theory in policy implications

· Use of charts and tables with current data for better comprehension and illustration of the theories and inter-linkages of macroeconomic forces

· Theoretical content of each chapter is illustrated and supplemented by relatable examples and case studies based on policies undertaken by the Indian economy

· A must-have companion for students of economics, policy studies, management, administrative services, commerce and others

 
Foreword
 
Preface and Acknowledgements
 
Introduction to Macroeconomics
 
National Income Accounts: The Toolbox for Macroeconomics
 
The Basic Keynesian Demand Model and the Hidden Cross
 
Economic Growth
 
Introduction to the Financial Sector: Bonds and Interest Rates
 
Money, Money Supply and the Banking System
 
The Demand for Money
 
The IS-LM Model: The Demand Side of the Economy
 
The IS-LM Model: Fiscal Policy and Compatibility with the Keynesian Model
 
Monetary Policy, the Policy Mix and Constraints on Policy-making
 
Consumption and Investment Demand
 
The Role of the Government and the Government Budget Balance
 
The Supply Side: A Complete Macroeconomic Model of the Economy
 
The Budget: Links to Unemployment, Inflation and the Debt Burden
 
The Open Economy
 
Capital Mobility
 
Determination of Exchange Rates in an Open Economy
 
Business Cycle Theory
 
The Labour Market as the Kingpin: The Various Schools of Macroeconomic Thought
 
Disaggregated Multi-sector Models for Industrial Nations and Developing Countries
 
Index

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Paperback
ISBN: 9789386602091
£30.00