Macro Economic Problems

Due to changing nature of the functions of state, changes in the size and nature of modern technology and production, increasing awareness towards economic development and social welfare and increase in the efforts for raising the standards of living, nature and functions of all social sciences like economics have undergone basic and vast changes. The terms micro and macro economics have became quite current now. Micro economics is the study of particular individuals, households, firms or industries or of individual behaviour patterns of individual consumers and producers and the principles involved in organising and operating individual business firms or industries. Macro economics, on the other hand, is the study of the economic system as a whole of the aggregate national income, of the aggregate consumption and demand and, of the aggregate saving, investment and employment in the system. The two analysis are not separate, different and are very well unconnected with each other. The contents of the book designed keeping into consideration the growing academic need of the policy makers, researchers and students.