(Books) Indian Economic Service (IES-ISS)

:: Microeconomics By H L Ahuja ::

About the book :

This textbook acquaints the students with the latest trends and tendencies in macroeconomics analysis and policy. It keeps in view the macroeconomic environment of the developing economies, especially the emerging Indian economy, while analysing and discussing various theories and policies of macroeconomics. Not confining itself to mere Keynesian macroeconomics, it critically examines the post-Keynesian developments in macroeconomics as well. , Exclusive coverage on critical examination of Harrod-Domar Model of Growth, Neoclassical Theory of Growth, New Growth Theory and Lewis Model of Development with Surplus Labour , Inclusion of a chapter on International Economic Linkages and Mundell-Fleming Model to enhance student’s understanding of the current impact of globalisation on the Indian economy , Coverage on Nature of Unemployment and Development Strategies for Labour-Surplus Developing Countries , Close to 300 figures for better understanding of the concepts as well as 450+ chapter-end questions for practice

PART I: MACROECONOMICS

1. Nature and Scope of Macroeconomics 
2. Circular Flow of Income and National Income Accounting 
3. The Classical Full-Employment Model 
4. Keynes’s Theory of Employment: An Outline 
5. Determination of National Income: Keynes’s Simple Two-Sector Model 
5A. Determination of National Income With Government : Three-Sector Models 5A. Concepts of Inflationary and Deflationary Gaps 
6. Consumption Function 
7. Post-Keynesian Theories of Consumption 
8. Investment Demand 9. Theory of Multiplier 
10. Aggregate Demand - Aggregate Supply Model (With Price Flexibility) 
11. Unemployment, Full Employment and Wage-Employment Relationship 

PART II: POST-KEYNESIAN DEVELOPMENTS IN MACROECONOMICS 

12. The IS-LM Curve Model 
13. Inflation-Unemployment Trade-off : Phillips Curve and Rational Expectations Theory 
14. Stagflation and Supply-Side Economics 
15. The New Classical Economics : Rational Expectations Model 
16. The New Keynesian Economics PART III: MONETARY DEMAND AND SUPPLY
17. Money: Nature, Functions and Role 
18. Credit and Commercial Banking 
19. Central Banking 19A Objectives and Instruments of Monetary Policy 
20. Supply of Money and Its Determinants 
21. Demand for Money and Keynes’s Liquidity Preference Theory of Interest 
22. Post-Keynesian Theories of Demand for Money PART IV: MONEY, PRICES AND INFLATION
23. Money and Prices: Quantity Theory of Money 
24. Keynes’s Monetary Theory : Money, Income and Prices 
25. Monetarism and Friedman’s Restatement of Quantity Theory of Money
25A. Monetarism and Keynesianism Compared 
26. Inflation and Hyperinflation: Causes, Effects and Cure 

PART V: BUSINESS CYCLES AND MACROECONOMIC POLICY 

27. Analysis of Business Cycles 
27A. Kaldor and Goodwin’s Models of Business Cycles
27B. Monetarist and New Classical (Rational Expectations) Theories of Business Cycles
27C. Real Business Cycle Theory 
28. Economic Stabilisation: Fiscal Policy
29. Economic Stabilisation: Monetary Policy 

PART VI: GOVERNMENT AND THE MACROECONOMY : GOVERNMENT’S BUDGET CONSTRAINT AND FISCAL POLICY 

30. Government in the Macroeconomy: Public Expenditure 
31. Financing of Government Expenditure : Taxation 
32. Role of Fiscal Policy and Taxation in Resource Mobilisation for Economic Growth
33. Government Borrowing or Debt-Financing of Budget Deficit
33A. Government Budget Constraint: Money Financing of Budget Deficit 

PART VII: OPEN ECONOMY MACROECONOMICS 

34. Balance of Payments 
34A. The Monetary Approach to the Balance of Payments 
35. Foreign Exchange Rate 
36. Determination of National Income in an Open Economy and Foreign Trade Multiplier 
37. Free Trade Versus Protection 
38. International Linkages and Mundell-Fleming Model 
38A.Globalisation, Commercial Policy and WTO 

PART VIII: THEORIES OF ECONOMIC GROWTH 

39. Economic Growth and its Determinants 
40. Harrod-Domar Model of Growth 
41. Neoclassical Theory of Growth 
42. New Theory of Growth (Endogenous Growth Model) 
43. Theory of Development with Surplus Labour : Lewis Model 
44. Limitations and Relevance of Keynesian Economics to Developing Countries 
45. Nature of Unemployment in Labour Surplus Developing Countries 
46. Development Strategies for Labour-Surplus Developing Countries 
47. Sen Vs. Bhagwati: Debate on Growth and Distribution

Book Detail :

• Publisher : S Chand Publishing; Twenty edition (1 January 2019)
• Language : English
• Paperback : 952 pages
• ISBN-10 : 9352837320
• ISBN-13 : 978-9352837328
• MPR : 390/-

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