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Advanced Economic Theory: Classical Foundations, Modern Analysis, and Policy Applications

From Microeconomic, Macroeconomic Perspectives, and Mathematical Economics Perspectives to Connected Econometrics
OM KRISHNA
Type: Print Book
Genre: Business & Economics, Reference
Language: English
Price: ₹1,400 + shipping
Price: ₹1,400 + shipping
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Description

Advanced Economic Theory: Classical Foundations, Modern Analysis, and Policy Applications is a comprehensive and rigorously structured treatise designed for advanced students, researchers, civil service aspirants, and academic professionals seeking deep conceptual clarity and mathematical precision in economics. This book bridges the intellectual evolution of economic thought with contemporary analytical tools, offering an integrated framework that connects microeconomics, macroeconomics, mathematical economics, and econometrics into a coherent academic structure.
Beginning with the philosophical foundations and methodological debates in economics, the book revisits classical, neoclassical, Keynesian, and modern schools of thought, situating them within present-day policy realities. It systematically develops consumer theory, production theory, cost structures, market forms, welfare economics, and general equilibrium analysis using calculus-based derivations and graphical illustrations. Each theoretical model is presented with mathematical rigor, ensuring conceptual clarity alongside analytical depth.
The microeconomic section moves beyond textbook exposition by incorporating constrained optimization techniques, Lagrangian methods, duality theory, elasticity analysis, and advanced market structures, including monopoly, oligopoly, and game-theoretic frameworks. Mathematical proofs and logical derivations strengthen understanding while maintaining accessibility for serious learners.
In macroeconomics, the book develops income determination models from classical to Keynesian systems, the IS–LM framework, monetary transmission mechanisms, inflation dynamics, growth models, and open-economy macroeconomics. Analytical tools are applied to fiscal and monetary policy effectiveness, public debt sustainability, and structural transformation. The discussion integrates real-world policy debates, particularly in emerging economies, making theory operational and policy-relevant.
A distinctive feature of this work is its seamless transition into mathematical economics and econometric reasoning. Functions, optimization, comparative statics, matrix algebra, and dynamic systems are introduced as essential tools for economic modeling. The econometrics-oriented chapters connect theory with empirical validation, emphasizing regression analysis, hypothesis testing, and model interpretation, thus equipping readers to move from theoretical abstraction to measurable economic reality.
The book also emphasizes the role of economic theory in public policy formulation. Topics such as taxation, welfare redistribution, sustainable development, financial stability, and digital economic transformation are examined through theoretical lenses supported by analytical models. By linking abstract theory with contemporary governance challenges, the text demonstrates how economic reasoning informs institutional decision-making.
Designed for researchers, faculty, professors, undergraduate & postgraduate programs, competitive examinations, and research scholars, this volume offers the following:
• Clear mathematical derivations with step-by-step explanations
• Graphical illustrations aligned with theoretical propositions
• Policy applications grounded in analytical models
• Advanced problem-solving frameworks
• Integration of theory with empirical methodology
Rather than treating microeconomics, macroeconomics, and econometrics as isolated domains, the book presents them as interconnected components of a unified analytical system. It encourages readers to think structurally, reason quantitatively, and apply theory critically.
Advanced Economic Theory is not merely a textbook; it is a structured intellectual journey through the architecture of economic reasoning—from foundational principles to modern policy applications. It serves as both a rigorous academic reference and a practical guide for those aspiring to contribute meaningfully to economic scholarship, public policy, and institutional development.

About the Author

Author
Om Krishna is an Assistant Professor of Economics and a researcher specializing in microeconomic theory, macroeconomic analysis, public finance, and econometrics. He teaches undergraduate and postgraduate courses, integrating policy debates, fiscal reforms, and empirical research into academic instruction. He has authored multiple books on quantitative techniques, monetary policy, and public economics. His research focuses on tax compliance, agricultural sustainability, digital governance, and applied econometric modelling.
Om Krishna has participated in advanced research methodology and capacity-building programs sponsored by the Indian Council of Social Science Research (ICSSR) and has presented research at national academic conferences. He has also delivered expert lectures on economic theory and policy and serves as a National Editorial Board Member with academic publishing initiatives. He is a Reviewer of an article(ArtikleIn). in for the Journal of Public Policy.
His research approach combines theoretical analysis, econometric methods, and policy-oriented inquiry, with a commitment to promoting rigorous scholarship, interdisciplinary research, and evidence-based decision-making. His broader academic mission is to contribute to economic knowledge, public policy discourse, and the development of future researchers and practitioners. Qualified in UGC-NET (Economics & Commerce) and GATE (Economics), he is actively engaged in policy-oriented research and academic writing. His work combines theoretical rigor, mathematical precision, and practical policy relevance within contemporary economic discourse.
He has contributed to multiple manuscripts, copyright-registered works, and international academic discussions. He is proficient in econometric software such as Stata, EViews, R, and SPSS.
________________________________________
Co-Author
Dr. Sarah J. William
She is an academic researcher whose work focuses on interdisciplinary research, economic theories, and contemporary economic policy. Her contributions emphasize evidence-based approaches to sustainable economic development. Through her research and teaching, she has played a significant role in promoting rigorous methodological standards in economics and fostering a deeper understanding of complex economic phenomena.
Dr. David K. Brown
He specializes in Macroeconomics, international economics, and public policy. His research explores economic growth, institutional development, and global economic integration. His academic contributions explore the structural and institutional factors that influence long-term economic progress, particularly within developing and emerging economies.
Prof. Ahmed E. L. Hassan
He is a researcher of global policy, Microeconomics, international political economy, and governance. His research examines the interaction between economic institutions, public policy, and sustainable global development. His work reflects a deep understanding of both theoretical and applied dimensions of economics.
Dr. Mahesh Jogi
Dr. Mahesh Jogi is an accomplished economist and academic specializing in Microeconomics and Macroeconomics. His scholarly interests encompass economic theory, market behavior, public policy, fiscal and monetary economics, and contemporary macroeconomic challenges. With extensive experience in teaching, research, and academic mentoring, Dr. Jogi has contributed to the advancement of economic knowledge through his analytical approach and commitment to academic excellence. His work reflects a deep understanding of both theoretical and applied dimensions of economics.
Dr. Jyoti Kalwar
Dr. Jyoti Kalwar is a distinguished scholar in the field of Mathematical Economics, recognized for her expertise in quantitative and analytical approaches to economic research. Her academic work focuses on the application of mathematical models, optimization techniques, and statistical frameworks to economic decision-making and policy analysis. Through her research and teaching, she has played a significant role in promoting rigorous methodological standards in economics and fostering a deeper understanding of complex economic phenomena.
Dr. Joseph Waknis
Dr. Joseph Waknis is an esteemed academic and researcher whose specialization lies in Econometrics and quantitative economic analysis. His work integrates advanced statistical methods, econometric modeling, and empirical research techniques to examine economic relationships and policy outcomes. With a strong commitment to evidence-based inquiry, Dr. Waknis has contributed to the development of robust analytical frameworks that support informed decision-making in both academic and policy contexts. His expertise strengthens the empirical foundations of contemporary economic research.
Dr. Eko Mutegi
Dr. Eko Mutegi is a respected scholar in Growth and Development Economics, with a research focus on economic transformation, sustainable development, poverty alleviation, and inclusive growth strategies. His academic contributions explore the structural and institutional factors that influence long-term economic progress, particularly within developing and emerging economies. Through his research, publications, and academic engagement, Dr. Mutegi has advanced discussions on development policy and socioeconomic resilience, making valuable contributions to the global discourse on economic development.

Book Details

ISBN: 9798249217266
Publisher: RP&GS
Number of Pages: 546
Dimensions: 8.27"x11.69"
Interior Pages: B&W
Binding: Paperback (Perfect Binding)
Availability: In Stock (Print on Demand)

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