This book has been written to meet the requirements of the syllabus prescribed for B.Com., B.A., M.Com. and M.A. courses. Throughout to tailor its approach, subject-matter and presentation according to the requirements of its readers, mainly students, the language has been kept simple and the entire discussion has been built on a logical and coherent outlines. The latest developments in the field of Macroeconomics have all been incorporated at the proper place in the book. Thus, this book will meet exhaustively the requirement of students appearing at the under-graduate and post-graduate examinations of Indian universities.