Introductory Macroeconomics

This book presents an introduction to computational macroeconomics, using a new approach to the study of dynamic macroeconomic models. It solves a variety of models in discrete time numerically, using a Microsoft Excel spreadsheet as a computer tool. The solved models include dynamic macroeconomic models with rational expectations, both non-microfounded and microfounded, constituting a novel approach that facilitates the learning and use of dynamic general equilibrium models, which have now become the principal tool for macroeconomic analysis. Spreadsheets are widely known and relatively easy to use, meaning that the computer skills needed to work with dynamic general equilibrium models are affordable for undergraduate students in Advanced Macroeconomics courses.

* Based on New NCERT Textbook 2019-20 * According to the new examination pattern * Greater emphasis on 1 mark questions than before. Questions spread over the entire chapter include : ---> Multiple Choice Questions ---> Fill in the Blanks ---> Match the Following ---> True and False ---> Very Short Answer Type Questions * All topics have been thoroughly revised and updated with the latest available data on the subject. * Covers the recent schemes/programs undertaken by the Government of India in the relevant chapters. Some of the recent schemes include : Make in India, Mudra Yojana, Swachh Bharat Mission, Ayushman Bharat etc. * Important facts and events (data) of each chapter are summerised at one place. This will enable the students to learn only important data. * Additional coverage at the end consists of ---> Value Based Questions ---> Chapter-wise 1 Mark Questions

A Text book on Economics

Introductory Macroeconomics deals with the examination of the amount of economic activity and employment in the economy as a whole. Introductory Macroeconomics focuses at the key elements, such as the impact of national and international commerce, that affect the overall levels of output and employment in the economy. This methodology offers a deeper investigation of inflation, unemployment, and economic policy as well as an inquiry of money, interest rates, and financial markets. N It is expected that readers who complete this lesson have some background in mathematics. This book's prime focus is on the fundamentals of macroeconomics and public policy. Production and employment levels, inflation, prices, the exchange rate, interest rates, monetary and fiscal policies, the balance of payments, and economic growth are only some of the economic aggregates that will be discussed. The focus of this analysis is on the most pressing challenges and policy questions facing the macroeconomy today.

Introductory Macroeconomics, Second Edition deals with national economic issues, such as unemployment, inflation, the aggregate demand-aggregate supply model of macroeconomics, government economic policy, exchange, rates, international trade, and finance. The book examines national economic problems, economic goals, the role markets play in the economy, price control, unemployment, and inflation. By using the Phillips curve trade-off, the text notes that inflation increases the demand for labor. In the long term, according to the long-run Phillips curve, increased inflation does not actually lessen unemployment levels (known as the natural unemployment rate hypothesis). The text also examines whether minimum wage laws are necessary (to fight poverty, prevent exploitation) or cause poverty (in which the imposition of minimum wage results in lower demand for unskilled labor). The book notes that politics and unions favor minimum wage laws. The poor, uneducated, and unskilled laborers are left out. The text also tackles goals and trade-offs: for example, that economic growth suffers from both inflation and unemployment, or the trade-off that preventing unemployment only results in worse inflation problems. Economists, sociologists, professors in economics, or policy makers involved in economic and social development will find the text valuable.

A book of Introductory Macroeconomics

The thoroughly revised and updated edition of the book entitled ‘A-One Introductory Macroeconomics’ for examinations to be held in 2021and onwards. Distinct features of the Book ● Strictly designed according to the new examination pattern introduced by the C.B.S.E. ● Question-Answer Section has been re-designed and enriched. ● The number of numericals both solved and unsolved has been raised. ● A well designed chapter-wise summary under the heading ‘Key Points For Quick Revision’ has been provided. ● More Value Based Questions and Multidisciplinary Questions are given at end of the book.