Description:

The book intends to explain the various economic principles through algebraic equations, diagrams and arithmetic so as to make them easily comprehensible. The subject matter in the present volume is systematically organised in three parts. The First part of the book is devoted to introduction explaining nature and scope of economics, micro and macroeconomics, statics, dynamics and equilibrium analysis. The Second part focuses on microeconomics divided into four sub-parts, viz. consumption, production, exchange, and distribution. The Third and the final part of the book deals with macroeconomics, elaborating national income—concepts, measurements and equilibrium, multiplier and accelerator principles, macro income distributions and inequalities, business cycles and theories of employment. Thus, the present volume has a logical structure right from introduction to elaboration of a complete set of micro and macroeconomic principles which will make it more readily acceptable to the students of Economics, Commerce, Management and all concerned professional courses.

KEY FEATURES OF THE BOOK

• The book covers the subject comprehensively explaining micro and macroeconomics both in a single volume.

• It is systematically organised in parts and sub-parts elucidating topics for easy grasping.

• Chapters provide methodical elaboration of economic principles through graphs, tables and diagrams to enhance learning using visuals.

• Necessary algebraic equations and mathematical calculations have been lucidly presented avoiding complexity.

• Review questions, at the end of each chapter, are provided for testing readers' comprehension of the subject.

TARGET AUDIENCE

• BA / MA Economics

• B.Com / M.Com

• BBA / MBA