Macroeconomics is the study of the total economy the national, regional or even the world economy. It is a fascinating subject that touches our daily lives. We are invariably interested in news about what is happening in the macro economy because changes in economic variable encroach upon our wellbeing. We follow developments pertaining to interest rates and inflation because these variables determine our mortgage payments and the purchasing power of our incomes and savings, as well as the profitability of our investments.
Ideally, students should approach this book with principles of economics course under their belt. The formall mathematical requirement are mild. In fact, most of the formal manipulations are optical and either shown in margin notes or in separate sections that supplement graphical arguments.
We are quite confident, though, that the book can also be adopted and used successfully. We believe that the book is even suited for self-study. The acquired knowledge will definitely be more delicate and lack depth compared with what can be achieved under the guidance of an experienced instructor. But it should provide an up-to-date first foundation for informed discussion of today’s national and global macroeconomic issues.
Unit – 1 Introduction to Macroeconomics
Unit – 2 National Incomes
Unit – 3 Consumption
Unit – 4 Savings
Unit – 5 Investments
Unit – 6 Money
Unit – 7 Monetary System
Unit – 8 Fiscal Policy
Unit – 9 Economics Growth