Advanced Macroeconomics

Author:

Nand Kishore Prasad

Publisher:

ABD Publishers

Rs420 Rs600 30% OFF

Availability: Available

    

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Publisher

ABD Publishers

Publication Year 2011
ISBN-13

9788183762861

ISBN-10 8183762867
Binding

Hardcover

Edition FIRST
Number of Pages 300 Pages
Language (English)
Weight (grms) 500

The Economist's Dictionary of Economics defines Macroeconomics as "The study of whole economic systems aggregating over the functioning of individual economic units. It is primarily concerned with variables which follow systematic and predictable paths of behaviour and can be analyzed independently of the decisions of the many agents who determine their level. More specifically, it is a study of national economies and the determination of national income." Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment.

Nand Kishore Prasad

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