This textbook is a lucid and concise introduction to macroeconomics. Each chapter links the basics of economic theory with policy formulation on one hand and corporate behaviour on the other. Using examples and data from India it gives an insight into macroeconomic theory and its implications for the economy. Aided by simple diagrams, boxes, cases, and examples from real-life situations the volume covers. Nature of macroeconomics and major macro issues, Concepts and measurement of national income, Money, interest, and income, Fiscal-Monetary policy interdependence in the Indian context, Foreign trade and exchange rate management, Determination of price levels, Problem of Inflation, Economic growth and reforms. Key student and classroom aids include: Illustrations from Indian data and business situations to explain key concepts, Chapter-wise summaries and boxes, Numerical exercises at the end of each chapter, Glossary explaining important macroeconomic terms. This comprehensive textbook will be useful to students and teachers of courses in economics (honours and general) and business economics at the undergraduate level. It will also benefit management students for its coverage of basic concepts of macroeconomics through numerical examples, illustrations, tables, cases, and models from the Indian context.
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