Macroeconomics: Theory and Policy by D.N. Dwivedi and a great selection of related books, art and collectibles available now at echecs16.info D N DWIVEDI. Professor in economics—microeconomics and macro- economics—with some macroeconomics and international economics. This new trend. D.N. Dwivedi is the author of Managerial Economics ( avg rating, 13 ratings, 1 review), Microeconomics ( avg rating, 4 ratings, 0 reviews), Manag.
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Macroeconomics: Theory and Policy by D N Dwivedi, , available at Book Depository with free delivery worldwide. D.N. Dwivedi-Microeconomics(Theory & Applications) - Ebook download as PDF File .pdf) or read book online. bx. macroeconomics is one of the two most general fields in economics. .. // echecs16.info Dwivedi, D.N. ().
No part of this publication which is material protected by this copyright notice may be reproduced or transmitted or utilized or stored in any form or by any means now known or hereinafter invented, electronic, digital or mechanical, including photocopying, scanning, recording or by any information storage or retrieval system, without prior written permission from the publisher. However, the Publisher and its Authors shall in no event be liable for any errors, omissions or damages arising out of use of this information and specifically disclaim any implied warranties or merchantability or fitness for any particular use. Disputes if any are subject to Delhi Jurisdiction only. Dedicated to The Memory of My Mother Preface to the Eighth Edition With ever-changing business environment, more so because of globalization, business decisionmaking has become a very complex managerial function. The complexity of business decisionmaking is reflected by the growing need for integrating business decisions with a wide range of business issues related to market assessment, production planning, pricing, marketing, financing, human resource management and business planning taking in view the current business environment and economic prospects of the country. With growing complexity of business decision-making, the application of microeconomic theories and tools of analysis to business decision-making has been a well recognized phenomenon.
Condition: New. This book provides a comprehensive discussion on macroeconomics.
Meant for undergraduate and postgraduate students, its treatment and presentation of the thoughts and theories of the subject makes it easily comprehensible. The importance of the macroeconomics as a subject of study has increased immensely over the past two decades due to the persistence of macroeconomic problems of achieving and maintaining and reasonably high growth rate, preventing growth of unemployment and promotion of employment, restricting inflation to a desirable rate, and stabilizing the financial market.
The recent global recession and the problems that it created for both developed and developing economics proves the point. Introduction to Macroeconomics 2. Macroeconomic Issues, Concepts and Model Building 3.
The Circular Flow Models of Economy 4. The Classical Theory of Output and Employment 6. Keynesian Theory of Income Determination 7. Income Determination in a Closed Economy Mode 8. Theories of Aggregate Consumption With the speed of change of business environment, however, various universities, business schools and management institutes have revised their curricula of managerial economics to include the macroeconomic aspects of managerial decisions.
The objective of this book has been to provide a comprehensive and rigorous analysis and application of both microeconomic and macroeconomic theories to business decision-making. Although the earlier editions of this book were well received and appreciated highly by the subject teachers and students, the book has been revised thoroughly with added interpretations of economic theories and concepts and their application to managerial decisions.
What Is New in This Edition Although the organizational structure of the book as given in the earlier edition has been retained, many significant additions and chapter-wise changes have been made in this revised edition.
Almost the entire text has been rewritten by adding some new features, new chapters, new topics and by enhancing clarity and precision to the explanations of economic concepts and theories.
A greater emphasis has been laid on application of economic theories to business decision-making.
Details of the new in this edition are as below. New Chapters Added The addition of new chapters is basically the result of reorganization of the subject matter of some chapters in the earlier editions of the book.
The purpose is to present the theories of price determination under different kinds of market conditions in a more exhaustive manner and with added explanation.
Thus, four new chapters have been added to this edition of the book. Chapter 28 presents a brief analytical discussion on the integration of the working of the product and money markets. This aspect of macroeconomics has been discussed by taking in view the MBA syllabi of various universities and management institutes. Other Important Changes In addition to the new chapters and sections, many significant revisions have been made in almost all chapters of the book. Some important ones are briefly noted down.
Chapter 2 dealing with business objectives has been revised by adding some business objectives. Schumpeterian theory of profit has been rewritten by adding a greater precision to the theory.
The method of profit measurement has been discussed in a greater detail. Chapter 4 has been thoroughly revised by highlighting the need for and application of tools of economic analysis with added precision. While some unnecessary details have been deleted with the purpose of adding precision, some sections have been detailed with some added argument.
Chapter 10 has been thoroughly revised and its content reorganised to put it in a more logical sequence. Major revisions made in this chapter include a detailed explanation of i long-run theory of production with added diagrams, and ii meaning and measurement of marginal rate of transformation.
Several important changes and additions have also been made in macroeconomics aspects of managerial economics. Also, national income data has been updated. The section on Heckscher-Ohlin Theorem II has been revised with a detailed and theoretically sound analysis. In Chapter 41, an introduction section has been added. Besides, some extensive details which have lost their relevance have been deleted to make these chapters more relevant to managerial decision point of view.
Some more important revisionary changes have been made in this edition of the book.
The introductory sections of almost all chapters have been revised to show the importance of the subject matter of the chapter and its relevance and applicability to business decision-making. At the end of each chapter, a section on Summary has been added in the end in the form of a short note for the benefit of students.
I am fully confident that this book will meet the requirement of the students of business management and also the manager in practice for their requirements of present times.