Qeyam Sarbuland added it Oct 24, The importance of the dwiveei as a subject of study has increased immensely over the past two decades due to the persistence of macroeconomic problems of achieving and macroedonomics and reasonably high growth rate, preventing growth of unemployment and promotion of employment, restricting inflation to a desirable rate, and stabilizing the financial market. The Classical Theory of Output and Employment 6. Macroeconomic Issues, Concepts and Model Building 3. Please feel free to contact us for any queries. Complex theories are dwivedj with self-explanatory diagrams Real examples are given to explain microeconomic theor Description This book is intended to be a comprehensive and standard textfor undergraduate students of Microeconomics. Ranvijay marked it as to-read Sep 22, No trivia or quizzes yet.

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Principles of Economics is a comprehensive textbook for undergraduate and postgraduate students. The book begins with a simple introduction to economics as a social science, moves on to basic economic problems of individuals, firms and the society focusing on the problem of scarcity and choice, and finally discusses the higher levels of economic theories. Students of engineering and medical courses who have virtually no prior subject knowledge and have to clear an economics paper will find this book a boon.

Part-I: Introduction: 1. Introduction to Economics, 2. Elasticities of Demand and Supply, 5. Market Equilibrium and Disequilibrium, 6. Recent Development in Consumption Theory, Optimum Combination of Inputs, Objectives of Business Firms and Market Structure, Price and Output Determination under Perfect Competition, Price and Output Determination Under Monopoly, Price and Output Under Monopolistic Competition, Price and Output Determination under Oligopoly, Theory of Wage Determination, Rent, Quasi-Rent and Economic Rent, Theories of Interest, Theories of Profit, The General Equilibrium, Introduction to Macroeconomics, National Income: Concept and Measurement, Theory of National Income Determination, Income Determination with Government and Foreign Trade, Theories of Aggregate Consumption, Keynesian Theory of Interest, Modern Theories of Economic Growth, Business Cycles and Stabilisation, Inflation: Meaning, Measure and Effects, The Theory of International Trade, The Heckscher-Ohlin Theory of Trade, Trade Policy: Free Trade Vs.

Trade Protection, Trade Barriers: Tariffs and Quota, The Rate of Foreign Exchange, Balance of Payments: Disequilibrium and Adjustment, International Monetary System.


Principles of Economics, 2/e



Macroeconomics: Theory and Policy


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