Introductory Macroeconomic Theory, Second Revised Edition
Introductory Macroeconomic Theory, Second Revised Edition
A Textbook for Class XII
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ISBN: 9789387153509
Bind: Paperback
Year: 2018
Pages: 312
Size: --Select-- mm
Publisher: Viva Education
Exclusive Distributors: Viva Books
Sales Territory: Worldwide
Introductory Macroeconomic Theory: A Textbook for Class XII is a comprehensive textbook that has been written as per the latest CBSE syllabus. The objective of writing this book is to offer students the means for grasping basic microeconomic principles through in-depth explanations of concepts and examples drawn from day-to-day life. Employing the Theory of Multiple Intelligence, this book provides enjoyable ways to learn the principles and concepts of Economics.
Key Features
• In-text activities to develop higher order thinking skills
• Diagrams and tables to facilitate visual learning and illustrate concepts
• Examples that provide guidance for solving numerical problems
• Points to Remember to facilitate quick revision
• MCQs with answer keys to help students understand the concepts
• Challengers comprising a set of higher order thinking questions
• Mind Map in almost every chapter to help students remember key concepts
• Be an Examiner to enable students to gauge and appraise their own preparation status
• Project Work to familiarise students with various aspects and elements of the project, and guidelines for preparing the project reports
Target Audience:
Students of CBSE Class 12 Economics.
Contents:
Preface
CBSE Syllabus
Chapter 1: Introduction to Macroeconomics • Microeconomics • Macroeconomics • Evolution of Macroeconomics • Importance of Macroeconomics • Interdependence Between Microeconomics and Macroeconomics • Points to Remember • Exercises
Chapter 2: Circular Flow of Income • Basic Concepts • Meaning of Circular Flow of Income • Two-Sector Model • Four-Sector Model • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 3: Basics of National Income Accounting • Gross Domestic Product • Domestic Product vs National Product • Gross Product vs Net Product • Final vs Intermediate Products • Product at Market Price vs Product at Factor Cost • Factor Income vs Transfer Receipts • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 4: National Income and Related Aggregates • Interrelationship between National Income Aggregates • Disposable Income and Related Aggregates • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 5: Measurement of National Income • Basis for the Methods of Determining National Income • Product Method or Value Added Method • Income Method • Expenditure Method • Reconciliation of the Three Methods • National Income and Welfare • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 6: Money • Meaning of Money • Need for Money • Functions of Money • Classification of Money • Money Supply • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 7: Banking • Commercial Banks • Central Bank • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 8: Basics of Determination of Income and Employment • Classical vs Keynesian Theories of Income and Employment • Aggregate Demand and its Components • Consumption Function • Saving Function • Relationship between the Consumption and Saving Functions • Investment Function • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 9: Equilibrium in the Economy • Basic Keynesian Model • Determination of Equilibrium Level of Income • Investment Multiplier • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 10: Deficient Demand and Excess Demand • Full Employment Equilibrium • Deficient Demand • Excess Demand • Measures to Correct Deficient and Excess Demand • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 11: Government Budget and the Economy • Meaning of a Government Budget • Structure of the Indian Government's Budget • Measures of Deficit • Importance of Government Budget • Points to Remember • Mind Map • Exercises • Be An Examiner
Chapter 12: Foreign Exchange Rate and Balance of Payments • Foreign Exchange Market • Determination of Foreign Exchange Rate • Exchange Rate Regimes • Functions of the Foreign Exchange Market • Balance of Payments • Structure of the Balance of Payments Accounts • Disequilibria in Balance of Payments • Points to Remember • Mind Map • Exercises • Be An Examiner
Solutions to In-text Activities
Answer key for MCQs
Project Work
About the Author:
Ambika Gulati graduated from St. Stephens College (Delhi University), New Delhi and thereafter completed her Masters from St. John's College, University of Cambridge, UK. She is a gold medalist from the University of Delhi in the M.Ed. Programme. She joined Sanskriti School, Delhi in 2000, and remained the Head of the Economics Department till 2008, introducing many pioneering methodologies in the classroom. She has worked with several government educational bodies on various committees related to Economics. Mrs. Gulati has authored books on Economics and conducted several workshops for teachers in the NCR. Formerly, she was the Principal of DPS Academy, Dubai (United Arab Emirates). At present, she is the Principal of The Millennium School, Dubai.
