Unlike traditional textbooks, this book develops a conceptual framework, historically and theoretically, for a growing economy. Based on simple models with numerical examples, it Applies concepts from classical macroeconomics to interpret economic events and data in USA and India over several decades, and some other Asian economies also.
Chapter 1: Building the Framework for a Growing Economy
Chapter 2: From Short-Run to Long-Run Phillips Curve
Chapter 3: The Costs and Consequences of Inflation
Chapter 4: Cost Push versus Demand Pull Inflation
Chapter 5: OPEC and the Great Stagflation
Chapter 6: Emerging Economies: Rapid Rise to Slowdown
Chapter 7: Dissecting India’s Stagflation Episode
Chapter 8. Analysing India’s Demonetisation