contents foreword iii 1 introduction 1 1 1 emergence of macroeconomics 4 1 2 context of the present book of macroeconomics 5 2 national income accounting 8 2 1 some ...
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...Contents foreword iii introduction emergence of macroeconomics context the present book national income accounting some basic concepts circular flow and methods calculating product or value added method expenditure macroeconomic identities goods prices gdp welfare money banking functions demand for transaction motive speculative supply legal definitions narrow broad creation by system instruments monetary policy reserve bank india determination ex ante post movement along a curve versus shift short run fixed price analysis market point on aggregate effects an autonomous change equilibrium in multiplier mechanism government scope components budget revenue account capital measures deficit fiscal changes taxes debt open economy balance payments bop surplus foreign exchange rate flexible rates managed floating management international experience identity output trade deficits savings investment glossary chapter introductionintroduction you must have already been introduced to study microec...