Principles of Economics (Macro)

ISBN Number : 978-93-5051-727-7

Student Price : Rs.115

Student Dollar Price : 5$

Book Edition : First

Year of Publication : 2012

No. Of Pages : 166

About The Book

The vagaries of business across the globe are more evident than ever before. The economic events that take place at macro level have impact on businesses, households and governments. The policymakers strive to maintain a harmonious economic environment. At this backdrop, recourse to macroeconomics becomes more vital.

This book is especially designed for the management students who want to peep into macroeconomic literature in pursuit of better understanding of macroeconomic concepts and problems. The authors have made an attempt to explore and discuss some of the core macroeconomic topics in a systematic and lucid manner.

Book Content of Principles of Economics (Macro)

Chapter One : Introduction to Macroeconomics

  1. Definitions and Scope of Macroeconomics
  2. Importance of Macroeconomic Studies
  3. Limitations of Macroeconomics
  4. Multiple Choice Questions
  5. Model Questions
Chapter Two : National Income Accounting
  1. National Income Accounts
  2. The Meaning of National Income
  3. Circular Flow of National Income
  4. Stock and Flow Concepts
  5. National Income at Current Price and at Constant Price
  6. Various Concepts of Income
  7. Methods for Measurement of National Income
  8. Difficulties in Measurement of National Income
  9. Multiple Choice Questions
  10. Model Questions
Chapter Three : The Keynesian Macroeconomic Theory
  1. Introduction
  2. The Principle of Effective Demand
  3. Consumption Function
  4. Investment Function
  5. Keynesian Theory of National Income Dtermination
  6. An Outline of the Keynesian Theory of Employment
  7. Shortcomings of Keynesian Theory
  8. Multiple Choice Questions
  9. Model Questions

About The Author

Professor D.M. Mithani has a Masters Degree in Economics and a Ph.D. in Banking and Finance from the University of Mumbai.

Dr. Mithani has teaching experience of over five decades serving in India at the University of Mumbai and the Narsee Monjee Institute of Management Studies (NMIMS), Mumbai, besides his long-term association with the Universiti Utara Malasiya (UUM) at Malasiya and the Prince of Songkhla University (PSU) (Hatyai) and Thaksai University (Songkhla) at Thailand. He is also Adjunct Professor at Oriental Institute of Management, Vashi, Navi Mumbai. He was an elected member of the Executive Committee of the Indian Economic Association during 1988-1994. He is also having a honoured position of being an Professor Emeritus at the L.J. Institute of Business Management.

Dr. Mithani is a prolific writer. He has contributed widely to many journals, national and international seminars and conferences. He has published over 50 books in the field of Economics and Management. His latest publications include: Beyond Rhythms of Management, Management Economics, International Economics and Global Trade and Finance.

Dr. G.R. Arora

M.A. (Economics), M.Phil., Ph.D.

Assistant Professor,

Shri Chimanbhai Patel Institute of Business Administration,


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