NCERT – Introductory Macroeconomics: Textbook in Economics for Class – 12 (8174507159)

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Author : NCERT
Publisher : NCERT
Binding : Paperback
No. Of Pages : 110
SKU: S-NCERT-19-10 Categories: , , ,

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.

Additional information

Weight 0.403 kg

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