PART I: MACROECONOMICS

• 1. Nature and Scope of Macroeconomics
• 2. Circular Flow of Income and National Income Accounting
• 3. The Classical Full-Employment Model
• 4. Keynes's Theory of Employment: An Outline
• 5. Determination of National Income: Keynes's Simple Two-Sector Model
• 5A. Determination of National Income With Government : Three-Sector Models
• 5A. Concepts of Inflationary and Deflationary Gaps
• 6. Consumption Function
• 7. Post-Keynesian Theories of Consumption
• 8. Investment Demand
• 9. Theory of Multiplier
• 10. Aggregate Demand - Aggregate Supply Model (With Price Flexibility)
• 11. Unemployment,  Full Employment and Wage-Employment Relationship

PART II: POST-KEYNESIAN DEVELOPMENTS IN MACROECONOMICS

• 12. The IS-LM Curve Model
• 13. Inflation-Unemployment Trade-off : Phillips Curve and Rational Expectations Theory
• 14. Stagflation and Supply-Side Economics
• 15. The New Classical Economics : Rational Expectations Model
• 16. The New Keynesian Economics

PART III: MONETARY DEMAND AND SUPPLY

• 17. Money: Nature, Functions and Role
• 18. Credit and Commercial Banking
• 19. Central Banking
• 19A Objectives and Instruments of Monetary Policy
• 20. Supply of Money  and Its Determinants
• 21. Demand for Money and Keynes's Liquidity Preference Theory of Interest
• 22. Post-Keynesian Theories of Demand for Money
• PART IV: MONEY, PRICES AND INFLATION
• 23. Money and Prices: Quantity Theory of Money
• 24. Keynes's Monetary Theory : Money, Income and Prices
• 25. Monetarism and Friedman's Restatement of Quantity Theory of Money
• 25A. Monetarism and Keynesianism Compared
• 26. Inflation and Hyperinflation: Causes, Effects and Cure

PART V: BUSINESS CYCLES AND MACROECONOMIC POLICY

• 27. Analysis of Business Cycles
• 27A. Kaldor and Goodwin's Models of Business Cycles
• 27B. Monetarist and New Classical (Rational Expectations) Theories of Business Cycles
• 27C. Real Business Cycle Theory
• 28. Economic Stabilisation: Fiscal Policy
• 29. Economic  Stabilisation: Monetary Policy

PART VI: GOVERNMENT AND THE MACROECONOMY : GOVERNMENT'S BUDGET CONSTRAINT AND FISCAL POLICY

• 30. Government in the Macroeconomy: Public Expenditure
• 31. Financing of Government Expenditure : Taxation
• 32. Role of Fiscal Policy and Taxation in Resource Mobilisation for Economic Growth
• 33. Government Borrowing or  Debt-Financing of Budget Deficit
• 33A. Government Budget Constraint: Money Financing of Budget Deficit

PART VII: OPEN ECONOMY MACROECONOMICS

• 34. Balance of Payments
• 34A. The Monetary Approach to the Balance of Payments
• 35. Foreign Exchange Rate
• 36. Determination of National Income in an Open Economy and Foreign Trade Multiplier
• 37. Free Trade Versus Protection
• 38. International Linkages and Mundell-Fleming Model
• 38A.Globalisation, Commercial Policy and WTO

PART VIII: THEORIES OF ECONOMIC GROWTH

• 39. Economic Growth and its Determinants
• 40. Harrod-Domar Model of Growth
• 41. Neoclassical Theory of Growth
• 42. New Theory of Growth  (Endogenous Growth Model)
• 43. Theory of Development with Surplus Labour : Lewis Model
• 44. Limitations and Relevance of Keynesian Economics to Developing Countries
• 45. Nature of Unemployment in Labour Surplus Developing Countries
• 46. Development Strategies for Labour-Surplus Developing Countries
• 47. Sen Vs. Bhagwati: Debate on Growth and Distribution