The micro and macro economics book written by Venkatesh Gopalakrishnan is the first book that has undergone a complete overhaul to incorporate the changes brought about by CBSE's syllabus and the changing educational scenario in India. The micro and macro economics book has already been published and is available in bookstores but it is obvious that if this book is not able to capture the essence of the subject matter then it will certainly not make a mark in the field of economics and education. This book was developed strictly according to the syllabus and revised syllabus introduced in the Central Board of Secondary Education (CBSE) by the Board of Secondary and Higher Education (BSHE) for the upcoming Board of Senior Secondary Education (BSHE) examination to be conducted in 2020.
The micro and macro economics book is designed primarily as a study guide for both the students, both in pre-matric examinations, as well as for college entrance exams. It is also designed to serve as a reference material for those who are pursuing higher studies in economics. This book also caters to the need of the aspiring students who want to pursue an undergraduate degree in economics through this. This is an economic text book which has the potential to bring forth a wealth of information about economics, including the theory and application of various economic concepts like the theory of demand, price determination, demand and supply, distribution, entrepreneurship and other such concepts.
Microeconomics is divided into three subtopics – consumer expenditure, private investment, and output-based pricing. This book mainly focuses on these three subtopics and hence the title. The chapters present the history, the theories, and the methodology underlying each of these three. A number of appendices present some interesting facts and figures that further enhance the knowledge gained in the text book.
In addition to covering the basic concepts, the micro economics text book also provides insight into the application of micro-economic concepts, both theoretical and empirical. Some chapters on the monetary and fiscal policy to provide some useful insights into how the monetary and fiscal policies affect the economy and the decisions being made by government bodies and central banks. These chapters help the readers to understand some aspects of monetary policy and fiscal policy.
Micro and macro economics provides clear and concise explanations of the theory of interest, the theory of demand, the theory of money and currency, the theory of production, and employment, and also the theory of consumption and saving. It also contains valuable information on various financial markets and their functions. This text book also discusses the effect of trade and capital flows on the national income, development of trade, and finance, and industrial production. The authors have clearly drawn out the importance of different categories of economic policies like taxation, the effect of direct and indirect taxes on the national income, regulation of financial institutions, and the effects of the international market on the country's economy. It also explains the impact of globalization, international trade, and the implications of global economic issues on the country's economy.
Micro and macro economics provides useful information on the functioning of the interregional and international markets, and the effects of external factors like import/export balance, fiscal policy and international trade. It also provides important information on the role of the state of the economy in economic growth and development. Micro and macro economics is a very beneficial book for those who are looking for basic knowledge about the economic system and its functioning. If you are planning to pursue . . . . . . any of the advanced courses in economics then this book is just the thing for you.