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Contents: Preface to Third Edition Introduction.1.Measuring the Economy's Performance.2.Theory of Income Determination.3.Theories of Consumption and Investment.4.Money, Interest, and Income 5.Fiscal and Monetary Policy.6.Banking System, Supply of Money, and the Conduct of Monetary Policy.7.Opening up the Economy.8.Determination of the Aggregate Price Level.9.The Problem of Inflation 10.Economic Growth.11.Special Topics Glossary References Index. 

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.