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| marginal efficiency: Principles of Macroeconomics: Ahuja H.L., this textbook thoroughly explains the principles of macroeconomics. It provides insights into the important macroeconomic issues, such as determination of output, employment, interest rates and inflation. This textbook discusses Classical and Keynesian theories of macroeconomics as well as aptly incorporates Post-Keynesian developments in various aspects of macroeconomics. Further it discusses, at appropriate places, the relevance and applicability of various macroeconomic theories for the developing countries. This textbook also explains and critically evaluates the post-Keynesian theories of consumption function namely, Kuznets consumption function, Modiglianis life cycle hypothesis and much more. |
| marginal efficiency: Macroeconomics, 20e Ahuja H.L., 2022-03 This textbook acquaints the students with the latest trends and tendencies in macroeconomics analysis and policy. It keeps in view the macroeconomic |
| marginal efficiency: Dose Response Relationships Between Intake and Efficiency of Utilisation of Individual Amino Acids in Chicken Andrew Adegboyega Fatufe, 2004 |
| marginal efficiency: Macro Economic Analysis , 1981 |
| marginal efficiency: Modern Economics An Analytical Study, 20th Edition Ahuja H.L., 2016 In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field. |
| marginal efficiency: Economics Class 12 Dr. Anupam Agarwal, Mrs. Sharad Agarwal, 2023-03-24 Part A : Introductory Micro Economics 1.Micro Economics : An Introduction, 2. Central Problems of an Economy, 3. Consumer’s Equilibrium, 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function : Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features, 13. Market Equilibrium Under Perfect Competition and Effects of Shifts in Demand & Supply, 14. Simple Applications of Tools of Demand and Supply, Part B : Introductory Macro Economics 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banks and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient Demand and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payment Accounts : Meaning and Components. Model Paper Board Examination Papers |
| marginal efficiency: Energy and the New Reality 1 Danny Harvey, 2010-08-12 Reducing and managing humanity's demand for energy is a fundamental part of the effort to mitigate climate change. In this, the most comprehensive textbook ever written on the subject, L.D. Danny Harvey lays out the theory and practice of how things must change if we are to meet our energy needs sustainably. The book begins with a succinct summary of the scientific basis for concern over global warming, then outlines energy basics and current patterns and trends in energy use. This is followed by a discussion of current and advanced technologies for the generation of electricity from fossil fuels. The book then considers in detail how energy is used, and how this use can be dramatically reduced, in the following end-use sectors: - buildings - transportation - industry - food and agriculture - municipal services The findings from these sector-by-sector assessments are then applied to generate scenarios of how global energy demand could evolve over the coming decades with full implementation of the identified and economically-feasible energy-saving potential. The book ends with a brief discussion of policies that can be used to reduce energy demand, but also addresses the limits of technologically-based improvements in efficiency in moderating demand and of the need to re-think some of our underlying assumptions concern ends with a brief discusing what we really need. Along with its companion volume on C-free energy supply, and accompanied by extensive supplementary online material, this is an essential resource for students and practitioners in engineering, architecture, environment and energy related fields. Online material includes: Excel-based computational exercises, teaching slides for each chapter, links to free software tools. |
| marginal efficiency: Understanding Keynes’ General Theory B. Sheehan, 2009-01-15 This book is a comprehensive guide for those seeking to fully understand Keynes' General Theory of Employment, Interest and Money , and especially those approaching the work for the first time. It also highlights Keynes' important policy insights. This book is an essential introduction to Keynes' most influential text. |
| marginal efficiency: The Economics of Keynes and Uncertainty in Theory Keun H. Lee, 2023-12-19 Modern academic and political establishments generally accept Keynesian economics as the primary theoretical work regarding The General Theory of Employment, Interest, and Money by John Maynard Keynes. However, the discipline of economics has been unable to fully understand Keynes’s ideas, even after almost a century of intense scrutiny since its publication in 1936. This book argues that this is due to the field’s failure to recognize the central theme of Keynes’s ideas, uncertainty. When people do not have all the relevant information on which to base their decisions, they can only act in ways which they believe are in their best interest, or fall back on conventions. Keynes’s work elucidates the conventions which people fall back on to cope with uncertainty in economic life. With this in mind, this book builds upon Keynes’s ideas on uncertainty and conventions, and offers an alternative view of Keynes’s work, which constitutes the foundation of modern economics. |
| marginal efficiency: Economic Development and Planning Spencer Rogers & Sammy Gentry, 2018-04-07 Economic development transforms a traditional dual-system society into a productive framework in which everyone contributes and from which receives benefits accordingly. Economic development occurs when all segments of the society benefit from the fruits of economic growth through economic efficiency and equity. Economic efficiency will be present with minimum negative externalities to society, including agency, transaction, secondary and opportunity costs. An economic development plan is a carefully built framework that's long-term in scope. It's used to help communities across diverse situations. When planning for economic development, the goal is to create and maintain a strong, vibrant local economy. Local government economic development planning is part of a region's overall economic development strategy and involves intergovernmental coordination. The economic development plan provides a comprehensive overview of the economy, sets policy direction for economic growth, and identifies strategies, programs, and projects to improve the economy. Economic planning, the process by which key economic decisions are made or influenced by central governments. It contrasts with the laissez-faire approach that, in its purest form, eschews any attempt to guide the economy, relying instead on market forces to determine the speed, direction, and nature of economic evolution. Finally, the author reminiscences on the excitement that was aroused during the initial period of development planning as well as decline in the expectations from the planning process and its importance. This book imparts the basic information about the economic development and planning of the world. |
| marginal efficiency: Macroeconomics K.R. Gupta, R.K. Mandal & Amita Gupta, 2008 |
| marginal efficiency: Macroeconomics - Theories & Policies I Mr. Rohit Manglik, 2024-09-22 EduGorilla Publication is a trusted name in the education sector, committed to empowering learners with high-quality study materials and resources. Specializing in competitive exams and academic support, EduGorilla provides comprehensive and well-structured content tailored to meet the needs of students across various streams and levels. |
| marginal efficiency: A Wider View of John Maynard Keynes Joseph R. Cammarosano, 2016-05-12 Most works on John Maynard Keynes deal with his General Theory of Employment, Interest and Money and his theory of unemployment. Much less well-known are his publications on money, finance, and international trade. This book fills that void by providing an analysis of Keynes’ works from “Indian Currency and Finance” to “The Proposal for a Currency Union.” It seeks to show that his concerns extended beyond his magnum opus to include the monetary and financial concerns of Great Britain and the world at large. |
| marginal efficiency: Reinterpreting Mr. Keynes Warren Young, Edward W. Fuller, 2022-01-19 This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics. |
| marginal efficiency: Managerial Economics: Concepts, Applications, and Strategies Ms. Poornima Teotia, Ms. Nidhi Khaiwal, 2025-04-04 |
| marginal efficiency: Efficiency, Performance and Robustness of Gas Turbines Konstantin Volkov, 2012-04-04 A wide range of issues related to analysis of gas turbines and their engineering applications are considered in the book. Analytical and experimental methods are employed to identify failures and quantify operating conditions and efficiency of gas turbines. Gas turbine engine defect diagnostic and condition monitoring systems, operating conditions of open gas turbines, reduction of jet mixing noise, recovery of exhaust heat from gas turbines, appropriate materials and coatings, ultra micro gas turbines and applications of gas turbines are discussed. The open exchange of scientific results and ideas will hopefully lead to improved reliability of gas turbines. |
| marginal efficiency: NCERT Economics Class 12 [MP Board] Dr. Anupam Agarwal , Mrs. Sharad Agarwal, 2023-07-30 PART A : INTRODUCTORY MICRO ECONOMICS 1. Micro Economics : An Introduction, 2. Economy and its Central Problems, 3. Consumer’s Equilibrium (Utility Analysis and Indifference Curve Analysis), 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function: Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features [Dropped Topic : Non-Competitive Markets, 13. Market Equilibrium Under Perfect Competition and Effect of Shifts in Demand & Supply, 14. Simple Applications ofTools of Demand and Supply, PART B : INTRODUCTORY MACRO ECONOMICS 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banking System and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payments Account : Meaning and Components. l Board Examination Papers. |
| marginal efficiency: Economics- SBPD Publications [2022-23] Dr. Anupam Agarwal. , Mrs. Sharad Agarwal, 2022-06-08 Part A : Introductory Micro Economics 1.Micro Economics : An Introduction, 2. Central Problems of an Economy, 3. Consumer’s Equilibrium, 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function : Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features, 13. Market Equilibrium Under Perfect Competition and Effects of Shifts in Demand & Supply, 14. Simple Applications of Tools of Demand and Supply, Part B : Introductory Macro Economics 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banks and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient Demand and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payment Accounts : Meaning and Components. Model Paper Board Examination Papers |
| marginal efficiency: Economics Class XII - SBPD Publications [2022-23] Dr. Anupam Agarwal. , Mrs. Sharad Agarwal, 2022-02-15 Part A : Introductory Micro Economics 1.Micro Economics : An Introduction, 2. Central Problems of an Economy, 3. Consumer’s Equilibrium, 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function : Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features, 13. Market Equilibrium Under Perfect Competition and Effects of Shifts in Demand & Supply, 14. Simple Applications of Tools of Demand and Supply, Part B : Introductory Macro Economics 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banks and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient Demand and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payment Accounts : Meaning and Components. Model Paper Board Examination Papers |
| marginal efficiency: Money, Macroeconomics and Keynes Philip Arestis, Meghnad Desai, Sheila Dow, 2013-06-17 This volume, along with its companion volume, Methodology, Microeconomics and Keynes is published in honour of Victoria Chick, inspired by her own contributions to knowledge in all of these areas and their interconnections. It represents both consolidation and the breaking of new ground in Keynesian monetary theory and macroeconomics by leading figures in these fields. |
| marginal efficiency: Economics Class XII Dr. Anupam Agarwal, , Mrs. Sharad Agarwal, 2021-10-25 Part A : Introductory Micro Economics 1.Micro Economics : An Introduction, 2. Central Problems of an Economy, 3. Consumer’s Equilibrium, 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function : Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features, 13. Market Equilibrium Under Perfect Competition and Effects of Shifts in Demand & Supply, 14. Simple Applications of Tools of Demand and Supply, Part B : Introductory Macro Economics 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banks and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient Demand and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payment Accounts : Meaning and Components. Model Paper Board Examination Papers |
| marginal efficiency: A History of Economic Thought, 10th Edition Lokanathan V., This book provides a comprehensive coverage of the origin and development of economic thought from the ancient times to the present day. It documents the contributions of major thinkers from the time of Hebrews to Maurice Dobb, and the perspectives that influenced the economic thought. The book also provides an account of the recent trends in Indian economic thought and will be of interest and relevance to all students and scholars of the subject. It covers the syllabus of economic thought of major Indian universities. |
| marginal efficiency: Macroeconomics and New Macroeconomics Bernhard Felderer, Stefan Homburg, 1992-08-21 This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is written primarily for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic but orthodoxy by orthodoxy. Thus, the main approaches, like Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory, and Neokeynesian disequilibrium theory are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great pains to bring out the relations and differences between them. A mathematical appendix reviews those mathematical facts which are especially important for macroeconomic models and serves to make the text easy to read. |
| marginal efficiency: Strategic Management and Economics in Health Care Michael Chletsos, Anna Saiti, 2020-01-01 This book offers significant managerial and economic knowledge on hospitals, and will serve as a valuable tool for explaining complicated managerial and economical problems, and for facilitating decision-making processes. It bridges management and economic sciences - two complementary sciences that feed the process of making rational decisions. With particular reference to the education, the main aim of this book is to provide students of relevant schools and departments with the knowledge (managerial and economic) that will enable them to deal both efficiently and effectively with the real problems arising in a health care organization such as a hospital. In particular, by equipping students with appropriate managerial and economic knowledge, the aim is to give them a clear understanding of HOW to deal with the diverse and complex problems of hospitals while at the same time helping them to develop strategic approaches that will make hospitals more efficient and sustainable. |
| marginal efficiency: Government Spending Effects in Low-income Countries Ms.Wenyi Shen, Ms.Susan S. Yang, Luis-Felipe Zanna, 2015-12-30 Despite the voluminous literature on fiscal policy, very few papers focus on low-income countries (LICs). This paper develops a new-Keynesian small open economy model to show, analytically and through simulations, that some of the prevalent features of LICs—different types of financing including aid, the marginal efficiency of public investment, and the degree of home bias—play a key role in determining the effects of fiscal policy and related multipliers in these countries. External financing like aid increases the resource envelope of the economy, mitigating the private sector crowding out effects of government spending and pushing up the output multiplier. The same external financing, however, tends to appreciate the real exchange rate and as a result, traded output can respond quite negatively, reducing the overall output multiplier. Although capital scarcity implies high returns to public capital in LICs, declines in public investment efficiency can substantially dampen the output multiplier. Since LICs often import substantial amounts of goods, public investment may not be as effective in stimulating domestic production in the short run. |
| marginal efficiency: Macrodynamics Pierre-Yves Hénin, 2003 Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include: * Non-clearing markets * Involuntary unemployment * Persistent inflation. As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont. |
| marginal efficiency: Keynes's Lectures, 1932-35, Notes of a Representative Student John Maynard Keynes, 1989 A record of the path by which Keynes reached the views that have had such an impact on economic policy |
| marginal efficiency: What Keynes Means Anatol Murad, 1962 The principal ideas and theories of John Maynard Keynes are discusses as the significance of his contribution to economics and pointing out inconsistencies and contradictions in his theories. |
| marginal efficiency: Macro Economics - Reference Book Prof. Dr. Tanaji N. Salve, 2015-11-01 Macroeconomics by N. Gregory Mankiw is a widely used reference book providing a comprehensive understanding of macroeconomic principles, theories, and policies in a clear and accessible manner. |
| marginal efficiency: Modern Economic Theory Dewett K.K. & Navalur M.H., 2010 Modern Economic Theory is a critique on how monetary revolution across the globe is changing the course of world economies, financial systems and markets. Beginning with discussion on price theory and microeconomics, this classic textbook progresses to describe comprehensively, theory of income and employability or macroeconomics, money and banking, international economies and public finance. Economic systems, economics of development and planning and economies of welfare provide a clear idea about recent developments in and criticism of compensation principle, market structures and social welfare. It adequately meets the requirements of the BA and B.Com courses (Pass and Honours). In addition, postgraduate students of Arts and Commerce and aspirants of various competitive examinations will also find the book very useful and informative. |
| marginal efficiency: Public Sector Activity in Capital Accumulation and Synthesis of Capital Fractions Kargi, Bilal, 2024-08-06 The role of public sector activity in capital accumulation and fraction synthesis assists with economic development, public policy, and sustainable growth. By strategically investing in areas like infrastructure, education, healthcare, and public transit, governments aim to facilitate human capital and increase business profits. As more governments and companies aim for improved economic activity, improved research is required to explore the pivotal role of cohesive frameworks for capital accumulation, while understanding the various fractions of capital. Public Sector Activity in Capital Accumulation and Synthesis of Capital Fractions explores the complexities surrounding privatization, offering a critical and historically informed perspective that challenges the limited view presented by mainstream economics. This book covers topics such as accumulation theories, capitalism, and public property, and is a useful resource for economists, academicians, researchers, scientists, business owners, and historians. |
| marginal efficiency: The General Theory Professor Geoffrey Harcourt, Peter Riach, 2006-08-23 Keynes always intended to write 'footnotes' to his masterwork The General Theory, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did. |
| marginal efficiency: A "second Edition" of The General Theory Geoffrey Colin Harcourt, P. A. Riach, 1997 |
| marginal efficiency: John Maynard Keynes Charles Robert McCann, 1998 |
| marginal efficiency: Enlightened Capitalism Daniel Bright M.D., 2020-11-09 “Spending is not the depletion of wealth, it is the transfer of ownership of money. And that transfer of ownership of money activates the economic activity that creates and maintains wealth.”……….. The classic work on Macroeconomics by John Maynard Keynes called “The General Theory of Employment, Interest and Money” is notoriously difficult to read. It was my initial goal to attempt to read and fully understand Keynes’ work and then to produce a study guide of sorts, in order to make his concepts more accessible. This attempt turned into a major project that took years to accomplish. I believe the result of that effort, this book, captures the essence of the most important concepts Keynes discovered. However, in the process I discovered that, in order to properly understand those concepts, new definitions for currently used terms and new ways of organizing macroeconomic models are necessary. One might think that attempts to do so would just make everything more complicated and difficult to understand, but the opposite is true. The way of organizing and explaining the concepts shown in this book leads to the development of a comprehensive and fully consistent model of macroeconomics, a model that is actually easier to understand. I hope you will agree. |
| marginal efficiency: The Economics of John Maynard Keynes Dudley Dillard, 2018-09-03 The Economics of John Maynard Keynes: The Theory of Monetary Economy by Dudley Dillard seeks to make The General Theory of Employment, Interest and Money by John Maynard Keynes understandable to both the economist and to the non-economist. First published in 1948 and since translated into over 10 languages, Dr. Dillard’s book has been widely regarded as the seminal scholarship on the monetary aspects of Keynesian economics. In addition to explaining the economic theories of Keynes, Dillard also includes a chapter on Keynes’s philosophical development and the “social philosophy toward which it leads.” Throughout the book, Dillard provides summaries and examines Keynes’ concepts on employment, income, saving, marginal propensity to consume, the investment multiplier, fiscal policy, post-war inflation, interest, and wages. |
| marginal efficiency: Macroeconomic Theory - 14Th Edn M C Vaish, 2010 A complete textbook for UG and PG students of economics, commerce and business management, it provides an integrated view of macroeconomics from a global perspective as well as from Indian with special emphasis on Indian monetary policy. Divided into 4 parts--Introductory, Macroeconomic accounting, 3. Macroeconomic theory, 4. Money, interest and prices, 5. Policy, Foreign exchange and banking, 6. Trade cycle theories and economic growth |
| marginal efficiency: Business Economics [SBS Pune] HL Ahuja, Business Economics [SBS Pune] |
| marginal efficiency: The General Theory of Employment, Interest and Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| marginal efficiency: Introductory Economic Theory [NEHU, Shillong] HL Ahuja, This book begins with an introduction to economics highlighting the economic problem of scarcity and choice. Further, it goes on and discusses the scope of economics as well as acquaints the students with the methodologies of economics. Basic microeconomic concepts such as demand, supply, competitive market equilibrium, elasticity and indifference curve analysis of demand have been explained in a simple and lucid manner. The book also dwells into theories of production, distribution, rent, interest and profits. It also discusses the market structures prevailing in the capitalist economy, namely, perfect competition and imperfect competition; thoroughly highlighting the sub categories of imperfect competition such as monopolistic competition, oligopoly and monopoly. Concepts of average revenue and marginal revenue have also been discussed in the book. |
Marginal efficiency of capital - Wikipedia
The marginal efficiency of capital (MEC) is that rate of discount which would equate the price of a fixed capital asset with its present discounted value of …
Marginal Efficiency of Capital MEC - Economics Help
The marginal efficiency of capital displays the expected rate of return on investment. Diagrams to explain. Factors that affect the MEC. MEC in a …
Marginal Efficiency of Capital (MEC) - What Is It, Formula, F…
Feb 19, 2023 · Guide to what is Marginal Efficiency Of Capital. We explain it with its formula, economic factors, calculation, and example.
Marginal Efficiency Of Capital Definition & Examples - Quick…
Mar 22, 2024 · Marginal Efficiency of Capital (MEC) is a concept in economics used to describe the rate of return expected from an additional unit of …
Marginal efficiency of capital and marginal effici…
Keynes, in his General Theory, developed the concept of the marginal efficiency of capital (MEC). MEC MEC uses the expected return from …
Marginal efficiency of capital - Wikipedia
The marginal efficiency of capital (MEC) is that rate of discount which would equate the price of a fixed capital asset with its present discounted value of expected income.
Marginal Efficiency of Capital MEC - Economics Help
The marginal efficiency of capital displays the expected rate of return on investment. Diagrams to explain. Factors that affect the MEC. MEC in a liquidity trap.
Marginal Efficiency of Capital (MEC) - What Is It, Formula, Factors
Feb 19, 2023 · Guide to what is Marginal Efficiency Of Capital. We explain it with its formula, economic factors, calculation, and example.
Marginal Efficiency Of Capital Definition & Examples
Mar 22, 2024 · Marginal Efficiency of Capital (MEC) is a concept in economics used to describe the rate of return expected from an additional unit of capital, such as machinery or equipment, …
Marginal efficiency of capital and marginal efficiency of …
Keynes, in his General Theory, developed the concept of the marginal efficiency of capital (MEC). MEC MEC uses the expected return from investment and the supply price of capital in order to …
Marginal Efficiency of Capital - (Principles of Economics) - Fiveable
The marginal efficiency of capital is a concept in Keynesian economics that refers to the expected rate of return on an additional unit of capital investment. It represents the profitability of …
Marginal Efficiency of Capital: On the Margin ... - FasterCapital
Apr 11, 2025 · The concept of Marginal Efficiency of Capital (MEC) is a cornerstone in the analysis of capital investment decisions. It represents the rate of return expected from an …
The Marginal efficiency of capiTal - Mises Institute
marginal efficiency of capital is used to rank investment projects. The purpose of this paper is to explain the marginal efficiency of capital and its implications for macroeconomics. 1
How to Calculate Marginal Efficiency of Capital - Small Business
Marginal efficiency of capital (MEC) is the discount rate at which the present value of the future yields from a capital asset are equal to its cost of acquisition.
Marginal Efficiency of Capital - Khan Study
What is Marginal Efficiency of Capital? The Marginal Efficiency of Capital or MEC is the expected annual rate of return on an additional unit of a capital good. It is also described as the rate of …
