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The 14th edition of Macroeconomic Theory is a thoroughly-revised work that incorporates the latest available literature on the subject to keep pace with the ever-changing macroeconomic environment. In this book, the concepts have been organized and presented in a graded and logical manner for easy understanding. Several other chapters in the book have been significantly augmented with the latest information. Many diagrams have been redrawn to facilitate clearer grasp of difficult concepts.
Examination-oriented review questions at the end of each chapter for the reader to assess their knowledge. The Nature and Purpose of Economic Theory, 2. The Development and Types of Economic Theory, 3. The Development and Types of Macro Economics, 4. National Income and Product, 7. Sector Accounts, 8. The Measurement of National Product, 9. National Income and Social Welfare, Output and Employment, The Aggregate Demand and Aggregate Supply, The Classical Theory of Income, Change in Income and Output: Investment Multiplier, Complex Multipliers, Foreign Trade Multiplier, Income-Consumption Relationship, Other Determinants of Consumption, Pigou Effect, Investment Demand, Saving Supply, Keynes Versus The Classics, Keynesian Economics and The Developing Countries, The Nature and Functions of Money, The Supply of Money, Money and Interest, Theories of Interest, The Term Structure of Interest Rates, The Quantity Theory of Money, Keynesianism Versus Monetarism, Macroeconomic Policy, Monetary Policy, Monetary Policy and Inflation Targetting, Fiscal Policy, Taxation and Public Debt, Foreign Exchange Rate, Evolution of Banking, Credit Creation, Control of Credit, Central Bank, Theories of Trade Cycle, Control of Trade Cycle, Economic Growth, Theories of Economic Growth,
Macroeconomic Theory, 14/e