Money, income and financial institutions

The objective of this book is to pro vide an introductory analysis of the theory of money and 'income. It also offers a comprehensive exposition of the working of banks and other financial institutions The book is devided into two parts The first part deals with the core of macroeconomic theory. The major topics covered in this part are the demand for and the supply of money, the quantity theory for and the supply of money, the quantity theory of money, keynes' theory of money and prices, the theory of income determination, changes in equilibrium level of income and out put, consumption function, investment function, theory of interest and inflation. The second part covers two main areas, viz., financial institutions and the balance of payments problems. The treatment of financial institutions is at a eosetical level and also in the Indian context.

The author has adopted a verbal app roach throughout the book and has strenuously avoided use of mathematics. However, diagram have been given ex tensively to illustrate verbal expositian.