This comprehensive textbook deals with multidimensional aspects of macroeconomics through lucid presentation of concepts and critical comparison of different schools of thoughts.
Macroeconomics: From Short Run to Long Run presents a clear explanation of how the incomes of a country, prices of goods and services, level of employment, interest rates and so on are determined and how an economy progresses. The book attempts to re-establish the existing theories behind the determination of macro variables and the growth process of an economy. In the process, it captures the significance of the debate between the classical orthodox theories and Keynesian modernism and its implications. Besides adhering to traditional aspects, the book also focuses on recent developments such as green macroeconomics. Undergraduate and postgraduate students of economics and business economics will find this book immensely helpful.
• Provides empirical verification of theories where necessary.
• Offers insightful content and critical analysis of environmental factors in the study of macroeconomics.
• Chapters aided by mathematical explanations, quantitative problems and their solutions, and a plethora of objective review questions.