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Contents ?FOREWORDiii1. Emergence of Context of the Present Book of Macroeconomics52. NATIONAL INCOME Some Basic Concepts of Circular Flow of Income and Methods ofCalculating National Product or Value Added Some Macroeconomic Goods and GDP and Welfare273. MONEY AND Functions of Demand for Transaction Speculative The Supply of Definitions: Narrow and Broad Creation by the Banking of Monetary Policy and theReserve Bank of India434. INCOME Ex Ante and Ex Movement Along a Curve Versus Shift of a The Short Run Fixed Price Analysis of the Product A Point on the Aggregate Demand of an Autonomous Change on EquilibriumDemand in the Product Multiplier Mechanism565. THE GOVERNMENT: FUNCTIONS AND Components of the Government Revenue Capital of Government Fiscal in Government in Debt716.
Contents?FOREWORD iii 1. I NTRODUCTION 1 1.1 Emergence of Macroeconomics 4 1.2 Context of the Present Book of Macroeconomics 5 2. N ATIONAL INCOME ACCOUNTING 8 2.1 Some Basic Concepts of Macroeconomics 8 2.2 Circular Flow of Income and Methods of Calculating National Income 14
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