This book thoroughly reviews the existing theories and models of macroeconomics. The book attempts to relate abstract theories to applied aspects. The distinguishing feature of the book is that it has been written largely in the context of Indian macroeconomics, and provides illustrations and empirical evidence.

One of the novel features of the book is the inclusion of a specific chapter on the Recent Global Recession and the Debt Crisis in Eurozone countries.

Mathematical techniques are supplemented with diagrammatic presentations wherever essential. A certain amount of basic mathematical knowledge is required. The book is intended for undergraduate and postgraduate students.