Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know
Macroeconomics Essentials You Always Wanted to Know

Macroeconomics Essentials You Always Wanted to Know

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Description

Learn the concepts of macroeconomics and the logic behind various economic policies adopted at national and global levels.


Macroeconomics Essentials You Always Wanted To Know is an introduction to the requisites of macroeconomics, for beginners and veterans alike.

Macroeconomics Essentials You Always Wanted To Know sheds light on the essential concepts of macroeconomics and how they affect the performance and decision-making of economies. It is imperative for entrepreneurs to understand macroeconomic basics to follow policy matters. This book will fulfill this particular need of entrepreneurs and business professionals. It will also help students of the subject brush up on the fundamentals and have a more comprehensive grasp of the advanced topics, and it will help students new to the subject get a headstart and be at par with their peers. It will help the readers by

  • Providing them with an understanding of the basic concepts of macroeconomics
  • Enlightening them about topics like savings, consumption and investment
  • Explaining to them the concepts of money and modern banking
  • Shedding light on how macroeconomic policies are formed and how they impact the world

The book also covers topics like external trade, foreign exchange markets, multilateralism in macroeconomics, business policies, and the measurement of national income. It describes the usage of essential formulas for calculations, and provides a summary at the end of every chapter, along with questions to help readers test and enhance their knowledge.

The book is authored to make it easier for people from various walks of life to get a firm grip on macroeconomics and how significantly it impacts our lives and the world we live in.

The author, Dr. Amlan Ray has 27 years of experience working in corporate, consulting, training, and educational institutions (including A.V. Birla and the TATA group).

Bibliographic Details

Pages : 198

Paperback (ISBN): 9781636511818

eBook (ISBN): 9781636511825

Hardback (Color): 9781636511832

Trim Size: 5.5” x 8.5”

Category: Business & Economics

Author: Dr. Amlan Ray, Vibrant Publishers

Table of Contents

1. Macroeconomics: Fundamentals

1.1 Overview of Macroeconomics

1.2 Factors of Production

1.3 Circular Flow of Macroeconomic Activities

1.4 Measurement of Economic Activity

1.5 Economic Growth

1.6 Growth and Development

1.7 Economic Success

Quiz

Chapter Summary


2. Measurement of National Income

2.1 National Income Accounting

2.2 Gross Domestic Product (GDP)

2.3 Gross National Product (GNP)

2.4 Measurement of GDP

2.5 Product or Value Added Method

2.6 Expenditure Method

2.7 Income Method

Quiz

Chapter Summary


3. Consumption and Savings

3.1 Consumption, Income, and Savings

3.2 Consumption Function and Marginal Propensity to Consume

3.3 Savings Function

3.4 Marginal Propensity to Save

3.5 National Savings Across the Globe

3.6 National Debt

Quiz

Chapter Summary


4. Investment

4.1 What is Investment?

4.2 Gross and Net Investment

4.3 Methods of Investment

4.4 Determinants of Investment

4.5 Domestic Private Investment

4.6 Foreign Direct Investment

4.7 Foreign Portfolio Investment

4.8 Investment Demand Curve

Quiz

Chapter Summary


5. Business Cycles

5.1 Concept of Business Cycles

5.2 Features of the Business Cycle

5.3 Peak and Trough

5.4 Reasons behind Business Cycles

5.5 Seasonality and Business Cycle

5.6 Recession

5.7 Policy Measures for Stability

Quiz

Chapter Summary


6. Money and Banking

6.1 Concept and History of Money

6.2 Demand and Supply of Money

6.3 Central Banks

6.4 Commercial Banks

6.5 The Modern Financial System

6.6 Evolution of the Banking System

6.7 The Modern Banking System

6.8 Central Bank of a Country

Quiz

Chapter Summary


7. Macroeconomic Policies

7.1 Policy Tools

7.2 Monetary Policy

7.3 Fiscal Policy

7.4 Fiscal Deficit

7.5 Inflation and Policy Measures

7.6 Unemployment and Economic Policy

Quiz

Chapter Summary


8. External Trade

8.1 Trade

8.2 Trade Balance

8.3 Balance of Payments

8.4 Current Account

8.5 Capital Account

8.6 Effect of BOP on the Economy

Quiz

Chapter Summary


9. Foreign Exchange Market

9.1 Bretton Woods Agreement and Gold Reserve System

9.2 Foreign Exchange Market

9.3 Determination of Currency Rate

9.4 Role of the Central Bank in the Forex Market

9.5 Fixed Rate vs Flexible Rate

9.6 Currency Rate and Foreign Trade

Quiz

Chapter Summary


10. Multilateral Institutions and Macroeconomic Policy

10.1 Importance of Multilateralism

10.2 Role of IMF

10.3 The World Bank

10.4 GATT and WTO

10.5 Regional Trade Agreements and Trade Blocks

Quiz

Chapter Summary

Author

Dr. Amlan Ray is currently the Assistant Vice President at Sunstone Edtech Pvt. Ltd, one of the leading Edtech ventures in India. Previously he has been Director & Dean of various higher education institutions across India. He is a B.Tech., MBA, M.A. (Economics) and Ph.D. from Amrita Viswa Vidyapeetham, India in the area of International Trade. He has 27 years of experience with corporate (A.V. Birla and Tata Group), consulting, training and educational institutions.

Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth.

Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.

Series

The Self-Learning Management Series is designed to help students, new managers, career switchers, and entrepreneurs learn essential management lessons and covers every aspect of business, from HR to Finance to Marketing to Operations across any and every industry. Each book includes basic fundamentals, important concepts, and standard and well-known principles as well as practical ways of application of the subject matter.

Editorial Reviews

In my opinion, there is no doubt about the content, course, and delivery of the subject. This is absolutely excellent and easy to understand for students, professionals, and entrepreneurs. The beauty of the book is that it delivers different aspects of knowledge executed by experts in this domain.
-- Dr. Rajeev Johari Associate Professor (Management), Institute of Technology and Science


Conceptually simple and pedagogically sound, this introductory textbook is meant for beginners and undergraduate students of management, economics, commerce, and other disciplines. It provides detailed insights into the theoretical, empirical, and policy implications of various concepts of macroeconomics, thereby equipping students with a working knowledge of the subject.
-- Dr. Partha Pratim Sahu Associate Professor, National Institute of Rural Development and Panchayati Raj

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