Overview of Modern Economics Book

In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. it discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field. Discussion on contemporary topics such as Amartya Sen s Capabilities Approach to Development, Issue of Choice by an Individual under Conditions of Risk and Uncertainty, Role of Human Resources (Education and Health) in Economic Development and many more. New chapters on Unemployment in Developing Countries (with Special Reference to India) and Objectives and Instruments of Monetary Policy Coverage on role of MNCs in economic growth of developing countries as well as the policy of 'Make in India' and of big push to FDI by NDA Government Volume 1Microeconomics: Theory and ApplicationsPart IScope and Methodology of Economics1. What Economics is About2. Micro and Macro Economics.3. The Methodology of Economics4. Economic Statics and Dynamics5. Central Problems of An Economy6. Market Economy and Role of Price MechanismPart IITheory of Demand7. Demand and Law of Demand8. Demand: Marshall S Cardinal Utility Analysis9. Indifference Curve Analysis of DemandAppendix B To Chapter 9: Slutsky Substitution Effect10. Marshall S Cardinal Utility Analysis Vs. Indifference Curve Analysis11. Applications and Uses of Indifference Curves12. Revealed Preference Theory of Demand13. Elasticity of Demand14. Consumer S14A. Choice Under Risk and UncertaintyPart IIITheory of Production and Cost15. Factors of Production16. The Theory of Production: Returns To A Factor17. Production Functions with Two Variable Factors18. Optimum Factor Combination19. Cost of Production and Cost Curves20. Supply and Its ElasticityPart IVTheory of Firm and Pricing In Different Market Structures21. Main Market Forms and Concepts of Revenue22. Objectives and Equilibrium of The Firm: A General Analysis23. Equilibrium of The Firm and Industry Under Perfect Competition24. Price Determination Under Perfect Competition24A. Stability of Equilibrium and Cobweb Model25. Applications of Demand and Supply Analysis26. Price and Output Under Monopoly27. Price Discrimination28. Price Under Monopolistic Competition29. Price and Output Under OligopolyAppendix To Chapter 29: Classical Models of Oligopoly30. Sales Maximisation Model of Oligopoly31. Theory of Games and Competitive StrategyPart VFactor Pricing and Income Distribution32. Factor Pricing and Income Distribution: A General View33. Wage Determination In Competitive and Imperfectly CompetitiveMarketsAppendix To Chapter 33: An Application of The Theory of Wages34. The Theory of Rent35. Alternative Theories of Interest36. The Theory of ProfitsPart VIGeneral Equilibrium Analysis and Welfare Economics37. General Equilibrium Analysis38. Welfare Economics: An Introduction39. Economic Efficiency and Pareto Optimality40. Market Failures, Externalities and Public Goods41. New Welfare Economics: Compensation Principle42. Social Welfare FunctionPart VITheory of International Trade43. International Trade: Comparative Cost Theory44. Heckscher-Ohlin Theory of International Trade45. Terms of TradeVolume 2Macroeconomics and Economics of GrowthAnd DevelopmentPart VIIIMacroeconomics: Theory of Income and Employment1. Nature and Scope of Macroeconomics2. Circular Flow of Income and National Income Accounting3. Classical Theory of Income and Employment4. Keynes S Theory of Employment and Unemployment5. Determination of National Income: Keynes S Basic Two-Sector ModelAppendix To Chapter 5: Keynes S Complete Macroeconomic Model: Integrating Goods Market with Money Market5A Determination of National Income In An Open Economy with Government and Foreign Trade: Three Sector and Four Sector Models6. Consumption Function7. Post-Keynesian Theories of Consumption8. Investment Demand9. Theory of Multiplier10. Aggregate Demand and Aggregate Supply Model (With Price Flexibility)11. Unemployment, Full Employment and Price-Wage Flexibility12. Unemployment In Developing Countries with Special Reference To IndiaPart IXMonetary Demand and Supply13. Money: Nature, Functions and Role14. Credit and Commercial Banking15. Central Banking16. Objectives and Instruments of Monetary Policy16A Role of Monetary Policy In Economic Growth17. Supply of Money and Its Determinants18. Demand For Money and Keynes S Liquidity Preference Theory of Interest19. Post-Keynesian Theories of Demand For MoneyPart XMoney, Prices and Inflation20. Money and Prices: Quantity Theory of Money21. Keynesian S Monetary Theory: Money, Income and Prices22. Monetarism and Friedman S Modern Quantity Theory of Money23. Inflation and Hyperinflation: Causes, Social Costs, Effects and CurePart XIIS-LM Curves Model, Phillips Curve Concept and Business Cycles24. The Is-Lm Curve Model25. Inflation and Unemployment: Phillips Curve and Rational Expectations Theory26. Stagflation and Supply-Side Economics27. Business Cycles27A. Friedman S Monetarist and New Classical (Rational Expectations): Theories of Business Cycles28. Economic Stabilisation: Fiscal Policy29. Economic Stabilisation: Monetary PolicyPart XIIGovernment and The Macroeconomy: Public Finance and Fiscal Policy30. Public Finance: Public Expenditure31. Public Revenue: Taxation and Budget32. Incidence of Taxation33. Fiscal Policy and Economic Growth In A Developing CountryPart XIIIOpen Economy Macroeconomics34. Balance of Payments35. Foreign Exchange Rate36. Free Trade Versus Protection37. Foreign Investment and Role of Multinational CorporationsAppendix To Chapter 37: Foreign Direct Investment (Fdi) Policy In India37A. Globalisation, Commercial Policy and WtoPart XIVEconomics of Growth and Development38. Economic Growth and Development39. Underdevelopment and Common Characteristics of Developing Countries40. Obstacles To Economic DevelopmentAppendix To Chapter 40: Rostow S Stages of Growth41. Capital Formation: Determinants and Acceleration42. Technological Progress and Economic Development43. Human Resource Development: Education and Health44. Population Growth and Economic Development45. Harrod Domar Model of Growth46. Neoclassical Theory of Growth47. New Theory of Economic Growth (Endogenous Growth Model)48. Mahalanobis Growth Model and Heavy-Industry Strategy of Development49. Wage-Goods Model and Strategy of Development50. Strategies of Balanced and Unbalanced Growth51. Lewis Model of Development with Unlimited Supply of Labour52. Choice of Techniques In Developing Countries53. Employment and Economic Growth In Developing Countries54. Poverty and Economic Growth55. Income Inequalities and Economic Growth56. Economic Reforms, Structural Adjustment and Growth57. Environment and Economic Development58. Sustainable Development and Climate Change

• Book Type :

Business&Finance

• Book Binding :

Paperback

• Language :

English

• Number of Pages :

1776 pages

• ISBN - 10 :

9352531469

• Modern Economics Published On :

Jan 2016

• Resource:

Students and Professionals:Textbooks, Business&Finance

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