About the Book: Macro Economics
The book has been designed as per the syllabi of Karnatak University, Dharwad
and Rani Chennamma University, Belgaum, for BA Fifth Semester in the subject of
economics. The subject matter has been divided into five chapters. First chapter
provides the meaning, definitions, scope, etc. of macroeconomics and meaning,
elements and concepts of national income. Second chapter presents a detailed
discussion of classical theory of income and employment. Third chapter deals
with Keynesian economics, covering Keynes’ theory of income and employment,
consumption function, investment function and investment multiplier theory.
Fourth chapter throws light on acceleration principle, interaction between
multiplier and accelerator, and saving and investment