Description
Description:
The 2019 edition of Introductory Macroeconomics – Textbook in Economics helps the students of class 12 to study the branches of economics that cover the behaviour and performance of an economy as a whole. It has been published by NCERT and closely maintains parity with the syllabus that has been laid out by the CBSE.
The Contents of the Book are as Follows:
? INTRODUCTION
? Emergence of Macroeconomics
? Context of the Present Book of Macroeconomics
? 2. NATIONAL INCOME ACCOUNTING
? Some Basic Concepts of Macroeconomics
? Circular Flow of Income and Methods of Calculating National Income
– The Product or Value Added Method
– Expenditure Method
– Income Method
? Some Macroeconomic Identities
? Goods and Prices
? GDP and Welfare
? 3. MONEY AND RANKING
? Functions of Money
? Demand for Money
– The Transaction Motive
– The Speculative Motive
? The Supply of Money
– Legal Definitions: Narrow and Broad Money
– Money Creation by the Banking System
– Instruments of Monetary Policy and the Reserve Bank of India
? 4. INCOME DETERMINATION
? Ex-ante and Ex-post
? Movement Along a Curve versus Shift of a Curve
? The Short Run Fixed Price Analysis of The Product Market
– A Point on the Aggregate Demand Curve
– Effects of an Autonomous Change on, Equilibrium Demand in the Product Market
– The Multiplier Mechanism
? 5. THE Government: BUDGET AND THE ECONOMY
? Components of the Government Budget
– The Revenue Account
– The Capital Account
– Measures of Government Deficit
? Fiscal Policy
– Changes in Government Expenditure
– Changes in Taxes
– Debt
? 6. Open ECONOMY macroeconomics
? The Balance of Payments
– BoP Surplus and Deficit
? The Foreign Exchange Market
– Determination of the Exchange Rate
– Flexible Exchange Rates
– Fixed Exchange Rates
– Managed Floating
-Exchange Rate Management: The International Experience
? The Determination of Income in an Open Economy
– National Income Identity for an Open Economy
– Equilibrium Output and the Trade Balance
? Trade Deficits, Savings and Investment
Salient Features of the Textbook:
? Helps the students understand and analyse all aggregate indicators and the macroeconomic factors that influence the economy.
? Helps the students to understand how the government and corporations use macroeconomic models to help in formulating economic policies and strategies.
? Includes interactive database that is full of graphs and schematic representations of data, which not only makes it easy to grasp the basic concepts but also easy to memorise.
Author: NCERT
Publisher: National Council of Educational Research And Training
ISBN-13: 8174507159
Language: English
Binding: Paperback
No. Of Pages: 105
Country of Origin: India
International Shipping: No
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