Economics II and Advanced Business Mathematics is specially designed to serve as a textbook for B Com (Hons) students of University of Calcutta. It provides a comprehensive coverage of the various topics related to macroeconomics and advanced business mathematics.
The book is divided into two sections. The first section, Macroeconomic Theory, begins with introducing the concept of macroeconomics, followed by a detailed coverage of the theories of national income, theories of equilibrium income determination including the simple Keynesian model and the IS-LM analysis, commodity and money market equilibrium, and theory of money and inflation. The second section, Advanced Business Mathematics, covers various topics such as functions, limit and continuity, differentiation, derivatives, integration, matrices and probability.
Written in simple language, the book provides clear figures and graphs, numerous examples, and a large number of solved mathematical problems. It also provides solved university questions and exhaustive end-chapter exercises.
Contents: Part I: Macroeconomics. 1. Macroeconomics-scope and basic concepts. 2. National income accounting. 3. Theory of equilibrium income determination. 4. Commodity and money market equilibrium. 5. Money and economy. 6. Inflation and the economy. Part II: Advanced Business Mathematics. 7. Functions. 8. Limit and continuity. 9. Differentiation. 10. Applications of derivatives. 11. Integration. 12. Matrix-I. 13. Determinants. 14. Matrix-II. 15. Probability theory.
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