Modern Economic TheoryS. Chand Publishing, 2010 - 1000 páginas Modern Economic Theory is a critique on how monetary revolution across the globe is changing the course of world economies, financial systems and markets. Beginning with discussion on price theory and microeconomics, this classic textbook progresses to describe comprehensively, theory of income and employability or macroeconomics, money and banking, international economies and public finance. Economic systems, economics of development and planning and economies of welfare provide a clear idea about recent developments in and criticism of compensation principle, market structures and social welfare. It adequately meets the requirements of the BA and B.Com courses (Pass and Honours). In addition, postgraduate students of Arts and Commerce and aspirants of various competitive examinations will also find the book very useful and informative. |
Índice
Unemployment and Full Employment 529542 | 529 |
ECONOMIC FLUCTUATIONS | 543 |
MONEY AND BANKING | 561 |
Monetary Standards 572584 | 572 |
Theory of Money and Prices 585600 | 585 |
Inflation 601616 | 601 |
Banking 619628 | 619 |
Central Banking 629641 | 629 |
| 152 | |
Laws of Returns 189199 | 189 |
Isoquants or Equal Product Curves 200209 | 200 |
Cost and Cost Curves 210222 | 210 |
Supply 223229 | 223 |
PRODUCT PRICING | 231 |
Supply Curve of Perfectly Competitive Industry 267272 | 267 |
Priceoutput DeterminationPerfect Competition 273289 | 273 |
Priceoutput Under Monopolistic Competition 312324 | 312 |
Oligopoly And Duopoly 325334 | 325 |
FACTOR PRICING | 335 |
Wages 353370 | 353 |
Rent 371386 | 371 |
Interest 387407 | 387 |
Profit 408421 | 408 |
Role Of Price Mechanism 422426 | 422 |
Meaning and Concept 439448 | 439 |
Theory Of Employment 451465 | 451 |
Determination of National Income 466475 | 466 |
Critique and Relevance of Keynesian System 476484 | 476 |
Propensity To Consume 485497 | 485 |
Inducement | 498 |
Multiplier and Accelerator 509521 | 509 |
Wages and Employment 522528 | 522 |
Monetary Policy 642652 | 642 |
INTERNATIONAL TRADE THEORY | 653 |
Free Trade Vs Protection 676684 | 676 |
Arguments for Protection Arguments Against | 684 |
International Monetary Fund 712726 | 712 |
Nature and Scope of Public Finance 729742 | 729 |
Public Expenditure 743754 | 743 |
a Developing Economy Characteristics of a Good Tax System Role of Taxation in Developing Econo | 767 |
Incidence of Taxation 778794 | 778 |
Public Debt 795801 | 795 |
Deficit Financing and Fiscal Policy 802812 | 802 |
Capitalism 815825 | 815 |
Socialism 826844 | 826 |
Mixed Economy 845850 | 845 |
ECONOMICS OF DEVELOPMENT | 851 |
developed Economies Dualism and Economic Underdevelopment | 862 |
Vicious Circle of Poverty 869875 | 869 |
Measures to Pro | 876 |
Balanced and Unbalanced Growth | 899 |
Financing of Economic Development 918923 | 918 |
Role of Government In Economic Development 924928 | 924 |
Meaning and Types 930946 | 930 |
Projections | 944 |
and Welfare Economics Individual Welfare and Social Welfare Divergence between Indi | 969 |
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Palavras e frases frequentes
aggregate demand amount assumption average cost curve average revenue change in price commodity concept consumer's surplus consumption cost curve decrease demand curve determined diagram diminishing marginal utility earnings economic economists efficiency of capital elasticity of demand entrepreneur equal expenditure Explain factors of production firm full employment function ginal given Hence higher income effect increase indifference curve indifference curve technique industry inelastic investment Keynes land law of diminishing less level of income long-run mangoes marginal cost marginal efficiency marginal productivity marginal rate marginal revenue Marshallian maximise means measure ment monopolistic competition monopoly national income normal profits oligopoly optimum output perfect competition population price line propensity to consume purchase quantity demanded rate of interest rate of substitution rent revenue curve rise satisfaction saving seller short-run slope substitution effect sumer supply curve tion units utility analysis utility of money variable wages
Passagens conhecidas
Página 422 - ... every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it.
Página 161 - Famine seems to be the last, the most dreadful resource of nature. The power of population is so superior to the power in the earth to produce subsistence for man that premature death must in some shape or other visit the human race.
Página 12 - Economics is the science which studies human behaviour, as a relationship between ends and scarce means which have alternative uses...
Página 422 - By preferring the support of domestic to that of foreign industry. he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Página 139 - the material and the forces which nature gives . . . for man's aid, in land and water, in air and light and heat.
Página 372 - Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.
Página 111 - The elasticity (or responsiveness) of demand in a market is great or small according as the amount demanded increases much or little for a given fall in price, and diminishes much or little for a given rise in price1.
Página 275 - We might as reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production.
Página 62 - The \ amount to be sold, the smaller must be the price at which it is offered in order that it may find purchasers; or, in other words, the amount demanded increases with a fall in price, and diminishes with a rise in price.
Página 234 - Economists understand by the term Market, not any particular market place in which things are bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse with one another that the prices of the same goods tend to equality easily and quickly.