Economics

This book has been a definitive resource for understanding economic principles, balancing theory with real-world applications. This 21st adapted edition enhances its relevance for Indian readers with updated data, contemporary Indian examples, and new topics like Basics of Behavioral Economics and expanded coverage of Game Theory.

The book includes appendices on Global Warming, the Repeated Prisoners' Dilemma Game, and discussions on Wage Inequalities, Gross Capital Formation, and Market-Based Instruments in India.

With its rigorous yet accessible approach, this edition remains an essential text for undergraduate and postgraduate students of economics and finance.

Salient Features

• Updated Indian data across all chapters
• Appendices added to each of Chapters 16 to 30 - focusing on the Indian economy under the Macroeconomics section
• New topics added:
• Behavioral Economics
• Gig Economy
• Sustainability Economics
• New inputs throughout the Microeconomics section
• Expanded coverage on Game Theory
• Updates reflecting the change in base year (2011–12) and adjustments to long-term economic series data