Macroeconomics By Sandeep Garg Pdf · Limited
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Step 3: Focus on the "Format"
A major reason students buy Garg is to learn the presentation of answers. If you get the PDF, look at: macroeconomics by sandeep garg pdf
Conclusion
Part A: Introductory Macroeconomics
- Circular Flow of Income: The foundation. Real vs. Money flows.
- National Income Accounting: The most critical chapter. Methods of calculating GDP (Product, Income, Expenditure method). Includes heavy practical problems.
- Money & Banking: Functions of RBI, Credit creation by commercial banks, Money multiplier.
- Determination of Income & Employment: The Keynesian theory. Concepts of APC, MPC, Investment Multiplier, and the tricky concept of "Excess Demand and Deficient Demand."
- Government Budget & The Economy: Revenue vs. Capital receipts, Types of budget deficits.
- Foreign Exchange Rate & Balance of Payments: Fixed vs. Flexible exchange rates, Disequilibrium in BOP.