Macroeconomics

Description Errol D'Souza's Macroeconomics helps students realize the connections between theoretical frameworks and the actual behaviour of the economy; enables instructors to teach macroeconomics concepts within the context of both the Indian and global economy; and provides policymakers with material from current research in macroeconomics. The focus of the book rests on the analysis of macroeconomic thought in terms of the intuition and underlying logic that forms its basis. This book has been designed to help readers think independently about real-world situations, by helping them master the basic technical tools that enable them to do this. At a conceptual level, the book focuses on the most current and relevant issues, while also understanding the fluidity of the subject. Applies theory to real-world situations and policies Clarifies concepts by using Indian data Introduces students to time and dynamic issues Explains technical and decision-making tools Maintains a logical and coherent flow of concepts Provides instructors with a flexible chapter organization Presents teachers with a complete supplement package Engages students through unique pedagogical features Macroeconomics: What Is It About? Savings, the Balance of Payments, and the Money Supply Consumption Investment The Trade Balance and Exchange Rates The Demand for Money The Labour Market The IS-LM Model Aggregate Demand and Aggregate Supply More on Unemployment Open Economy I: The Mundell?Fleming Model Stabilization and Government Deficits Open Economy II: The Current Account in an Intertemporal Framework Financial Sector Reforms Monetary Policy?Objectives and Targets Economic Growth "A comprehensive reader friendly book for all of us—students, teachers, and policymakers." —Lord Meghnad Desai, Padma Bhushan, London School of Economics "The book does a superb job of explaining a number of complex topics in a lucid and engaging manner." —Eswar Prasad, Cornell University "A