Description
This book is prepared to help students understand the basic concepts of Macroeconomics in a clear and simple way. It covers all the important topics required for clear understanding of the subject.
The first unit introduces the meaning, uses, and limitations of macroeconomics and explains how national income is estimated. Students will also learn about social accounting and the circular flow of income.
The second unit explains various theories of employment, including classical and Keynesian views. It also includes key topics like consumption, savings, investment, multiplier theory, and interest rate theory.
The third unit deals with the Trade Cycle, its phases and features, and the famous theories of economists like Hawtrey and Schumpeter. Methods to control trade cycles are also discussed.
The fourth unit focuses on Public Revenue. It explains the meaning and types of taxes, their effects, and the principles behind taxation in a simple manner.
The fifth and final unit covers Public Expenditure and Public Debt. It helps students understand government spending, the reasons for increased expenditure, and the effects of public debt on the economy.
We hope this book will be very useful for students to easily learn, understand, and succeed in the subject of Macroeconomics.
Besides this book covers the entire syllabus of the subject and also provides answers for previous year question papers.
Answering the test questions and test papers help students to thoroughly understand the subject matter.
We fervently hope that this book will be readily welcome by students as of our other publications.
We wish all our students a creditable success in the ensuing examination!
