The Gujarat The Kerala Economy - · PDF filePrinciples and Theories of Managerial Economics and their ... Indifference Curve Approach • The Concept of ... I Meaning, Nature and Scope

2nd Edition 2009ISBN 978-51-8281-286-4

Price ` 175/- paperback

Size 14×22cm 266 Pages

The book deals with every aspect of Gujarat Economy in detail.Usful for graduate and postgraduate students, researchers and those interested in the study of socio -economic problems of Gujarat.

CONTENTS

Economic Scene of Gujarat • Agricultural Development in Gujarat • Irr igation Development in Gujarat • Development of Dairy Industry in Gujarat • Pattern of Industrial Development in Gujarat • Development of Social Services in Gujarat • Population Growth in Gujarat • Manpower Planning And Unemployment Problems in Gujarat • Urbanization Problems in Gujarat • Environment and Pollution Problems in Gujarat • Financial Institutions in Gujarat • Economic Development in Kutch and Dangs Areas and Their Problems • Development of Tribals in Gujarat and Their Problems • Regional Geography of Gujarat • Appendices • State Highlights 2001 Census • Gujarat State At a Glance Comparison With India.

3rd Edition 2009ISBN 978-81-8281-285-7



The book studies the various socio-economic aspects the Kerala Economy

CONTENTS:Kerala A Profile •Structural Change In Kerala Economy •Kerala Model of Development • An Alternative Doctrine To The Kerala Model of Deve lopment • Kera la ’s Indus t r ia l Backwardness:An Alternative Hypothesis • Educational Crisis In Kerala • Leisure- Prone Labour Culture of Kerala • Demographic Transition And Gender Inequality in Kerala • People’s Plan: A kerala Experiment • The Changing Prof i le of Urban-Local • Globalization: Survival And Growth • The Manifestations of Globalization on Kerala Economy•Agricultural Sector: Structure and Performance • Appendices • Bibliography

The Gujarat Economy

The Kerala Economy

Growth and SurvivalB.K. Bhatt

P. Surendran & N. Radhakrishnan

REGIONAL ECONOMICS

Website: www.vrindaindia.com 25

2nd EditionReprint 2013

ISBN 978-81-8281-120-1Price 300/- paperback

Size 18x24cm576 Pages

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A comprehensive text with critical study of micro and macro concepts, tools, Principles and Theories of Managerial Economics and their application in managerial decision making.

CONTENTS : • Nature, Scope and Methods of Managerial Economics • Fundamental Economic Concepts • Risk, Uncertainty and Probability Analysis • Demand Analysis • The Elasticity of Demand • The Cardinal Utility Approach • The Indifference Curve Approach • The Concept of Consumer’s Surplus • The Revealed Preference Theory of Demand • Theory of Consumer Choice Under Risk • Demand Forecasting • Production Function : Laws of

2nd Edition

M.L. JhinganJ.K. Stephen

Managerial Economics

M.L. Jhingan J.K. Stephen

Economics ForEngineers and

Principles ofManagement

Ist Edition 2011ISBN 978-81-8281-396-0



!The book ECONOMICS FOR ENGINEERS has been designed keeping in mind the current need of engineering students. It has two parts (a) Industrial Economic (b) Principles of Management, whereas, Industrial Economics and Principles of Management are the twin most important features of today’s economy. This is a very useful book for B. Tech, MBA,BBA, M. Com students.!

CONTENTS :Part one :Industrial Economics Part Two: Principles of Management

ECONOMICS FOR AND

PRINCIPLES OF MANAGEMENT

ENGINEERS

ASMA FAROOQUE

Ist Edition 2012ISBN 978-81-8281-404-2

Price 250/- paperback


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This book will be of great use to B.E, B.Tech, M.E, M.C.A, M.B.A, M.Sc and other technical and management courses of universities in India.

CONTENTS :Part one :Micro Economics Part Two: Financial Anylasis

ENGINEERING ECONOMICS FINANCIAL ANALYSIS

AND

M.L. JHINGANJ.K. STEPHEN

EngineeringEconomics

Financial AnalysisM.L. Jhingan J.K. Stephen

MANAGERIAL ECONOMICS

Variable Proportions and Returns to Scale • Production Function : The Isoquant Analysis • Cost Theory • Cost Control, Reduction and Estimation • Market Structures • The Concept of Revenue • Supply Its Law, Elasticity and Curves • Equilibrium of the Firm and Industry under Perfect Competition • Pricing Under Perfect Competition • Monopoly Pricing • Price Discrimination • Pricing under Monopolistics Competition • Pricing under Oligopoly • Concepts in Resource Allocation • Game Theory • General Equilibrium • Linear Programming • Input-Output Analysis • Statistical Decision Theory • Objectives of Business Firm • Pricing Policies and Strategies • Pricing of Public Undertakings • Product Policy • Marketing Strategy • Advertising • Profit and Profit Management • Break-Even Analysis • Capital Budgeting • Inventory Control Management • Macro-economic : Aggregates and Concepts • National Income : Meaning and Measurement • The Saving Function • The Consumption Function • The Investment Function • Theory of National Income Determination • The Supply of Money • Inflation • Monetary Policy • Fiscal Policy • Effectiveness of Monetary and Fiscal Policy • Business Cycles • Balance of Payments : Meaning and Components • Index.

2nd Edition Reprint 2013

ISBN 978-81-8281-350-2Price ` 300/- paperback

Size 18×24cm418 Pages

Introduction to Managerial

Economics(Text and Cases)

Himanshu RastogiKamlesh Kr. Shukla

Managerial Economics is an integration of economic principles with business management practices. The subject matter of this book pertains to economic analysis that can be helpful in solving business problems. This book is designed to provide a comprehensive introduction to the subject matter of managerial economics.

CONTENTS:SECTION : I Meaning, Nature and Scope of Managerial Economics.

SECTION : II Demand Analysis • Elasticity of Demand • Demand Distinctions • Demand Forecasting • Theory of Consumer’s Behaviour.SECTION : III •Supply Analysis • Production Concepts and Factors of Production •Cost Concepts and Classifications • Revenue Concepts and Relationship • Break-Even Analysis • Capital Budgeting.SECTION : IV • Meaning and Features of Different Market Structures • Perfect Competition • Monopoly • Monopolistic Competition • Pricing Strategies • Objectives of Business Firms.SECTION : V • National Income Aggregates • Measurement of National Income • Inflation • Trade Cycle •Money and Capital Market • Monetary and Fiscal Policies in Developing Countries • Case Study • Tables • Index.

26 E-mail: [email protected]

ENGINEERING ECONOMICS

Ist Edition 2013ISBN 978-81-8281-468-4

Price 300/- paperback


`

Economicsfor

Engineers

PARTHA CHATTERJEE

EconomicsFor EngineersPartha Chatterjee

The book Economics for Engineers has been written and presented in a very simple language and in a lucid style so that students can easily grasp the meaning of the theoretical as well as practical problems. The book is written strictly according to the syllabus of B.Tech. M.Tech. Courses of different Indian universities.

CONTENTS : •Economic Decision Making•Engineering Costs & Estimation•Accounting•Depreciation• Inflation and Price Change•Replacement Analysis•Standard Costing•Cash Flow and Present Worth Analysis•Uncertainity in Future E v e n t s • C a s h F l o w a n d R a t e o f Return•Analysis .Annexure•Appendix : Tables.

e Textbook

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Specifically tailored to the needs of graduate, postgraduate students of Indian Universities.

CONTENTS : • Environmental Economics—An Introduction • Ecology and Economic Development—The Debate • The Interaction Between Ecology and Economic Theory • Basic Theory of Environmental Economics • Environmental Quality as a Public Good • Tragedy of Commons—An analysis with Special Reference to Chennai • Conservation of Resources • Need for and the Scope of Forest Conservation in India • Soil Degradation and Land Use • Air Pollution • Noise Pollution • Nuclear Energy and Pollution • Population and Unbanisation : Its Impact on Environment • Issues and Concepts in Environmental Protection • Policies and Strategies on E nv i r o n m e n t P r o t e c t i o n • I n d i a ’s Environmental Policy and Performance • In te r nat iona l Env i ronmenta l Po l icy (Stockholm to Doha) • Global Warming and Greenhouse Effect • Environmental Planning and Management • Environmental Impact Analysis/Assessment.

Ist Edition Reprint 2011

ISBN 81-87125-90-XPrice ` 250/- paperback



ISBN 978-81-8281-114-0Price ` 300/-

paperbackSize 14×22cm

618 Pages

ENVIRONMENTAL

ECONOMICSTheory, Management & Policy

M.L. Jhingan

Chandar K.Sharma

2ndEdition

EnvironmentalEconomics

Environmental Economics

T. EugineM.L. Jhingan and C.K. Sharma

The book deals with the concepts, theories and problems of environmental economics and management in a simple and lucid manner.

CONTENTS :• UNIT I : Basic Concepts of

Environmental Economics• UNIT II : Introduction to Ecological

Economics • UNIT III : Welfare Criteria and

Environmental Analysis • UNIT IV : Economic Growth and

Environment• UNIT V : Introduction to Sustainable

Industrialization• UNIT VI : Land Degradation and

Sustainable Agriculture • UNIT VII : Human Population and

Environment• UNIT VIII : Women, Religion and

Environmental Human Rights• UNIT IX : Resource Economics • UNIT X : Global Problems, Environment

Movements and Conferences • UNIT XI : Environmental Pollution,

Control, Public Awareness and Law

• UNIT XII : Disaster Management

Theory, Management and Policy

3rd EditionReprint 2012

ISBN 978-81-8281-118-8Price 200/- paperback


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The book provides an elementary description about the application of Econometric methods in estimating various functional relatiosnships.

CONTENTS : • Introduction • Engel Function • Consumption Func t i on • Demand Func t i on Fo r Commodities • Demand Function for Exports • Demand Function for Money • Employment Function • Tax Revenue Function • Public Expenditure Function• Cobb-Douglas Production Function • Constant Elasticity of Substitution Production Function • Supply Response Function • Marketed Surplus Function • Cost Function • Long Run Equilibrium Relationship • Appendix • Bibliography • Index.

M. UPENDER

3 r d E d i t i o n

ECONOMETRICSAPPLIED

Applied Econometrics

M. Upender

2nd Edition 2011 ISBN 978-81-8281-388-5



The primary goal of this book is to present an elementary, but comprehensive treatment of econometrics for under graduate and postgraduate students and research scholars .

CONTENTS : • Nature, Def ini t ion and Scope of Econometrics • Methodology of Econometric Research • The Simple Linear Regression Model • Ordinary Least Squares Estimators • Statistical Properties of the Least Squares Estimators and Goodness of Fit • Multiple Regression Model • Matrix Algebra • Matrix Approach to Linear Regression Analysis • Regression Analysis and Analysis of Variance (ANOVA) • Forecasting • Dummy Variable and Regression Model • Multicollinearity • Heteroscedasticity • Autocorrelation • Distributed Lag and Dynamic Models • Specification Error • Errors in variables • Simultaneous - Equat ion Models • Identification and Simultaneous Equation Methods • An introduction to panel data models • Multiple Questions • Select Bibliography • Appendix • Index.

EconometricsK. Dhanasekaran

ENVIRONMENTAL ECONOMICS

ECONOMETRICS



ISBN 81-87125-94-2Price ` 200/- paperback


A book meant for undergraduate and post-graduate students.

CONTENTS : • Public Finance • Meaning, Scope and Importance of Public Finance • Public Goods, Private Goods and Market Failure • The Principle of Maximum Social Advantage • Taxes • Theories of Taxation • Incidence and Effects of Taxes • Classical Theories of Incidence of Taxation • Taxable Capacity • Meaning and Classification of Public Expenditure • Canons, Effects and Growth of Public Expenditure • Public Debt • Public Budget • Functional Finance and Budgetary Policy • Deficit Financing and Development • Trends in Tax Revenue and Expenditure of Centre and State Governments in India • Part Two : International Trade • Distinguishing Features of Inter-regional and International Trade • The Theory of Comparative Costs • Mill’s Theory of Reciprocal Demand • Haberler’s Theory of Opportunity Cost • The Heckscher-Ohlin Theory • The Terms of Trade • The Gains from International Trade • Tariffs • Import Quotas • Balance of Payments • Foreign Exchange Rate • Foreign Exchange Rate Policy • Foreign Trade and Economic Development • Foreign Aid in Economic Development • Foreign Trade Multiplier • The International Monetary Fund (IMF) • The World Bank • International Monetary System • General Agreement on Tariffs and Trade (GATT) • World Trade Organisation (WTO) • Foreign Trade and Balance of Payments in India.

2nd Edition 2013ISBN 978-81-8281-443-1



Public Finance-Theory and Approach is a comprehensive textbook based on UGC model curriculum.

CONTENTS : ModuleI : Introduction • ModuleII : SectionI : THE CASE FOR A Public Sector• ModuleII : SectionII : Public Sector And Allocation Of Resources • Module II : SectionIII : Public Choice Theory • Module III : Public Expenditure • Module IV : Public Revenue • Module V : Public Debt • Module VI : Fiscal Policy • Module VII : The Budget• Module VIII : Fiscal Federalism • ModuleIX : Fiscal Federalism In India•Bibliography • Index.

Public Finance and International Trade

Public Finance Theory and Approach

M.L. Jhingan

N. Radhakrishnan

Ist Edition 2000ISBN 81-87125-42-x

Price ` 550/-Hardback


Prof. Jha, Head, Economics Deptt., LNM University, Darbhanga, Bihar makes an in-depth and critical study of Federal Finance in India and Abroad.

CONTENTS : • Introduction • Federal Finance and Economic Growth • Federal Finance Abroad • Evolution of Inter–Governmental Financial Relations in India • Federal Finance in Indian Constitution • Integration of the Finance Commissions and Planning Commission in India • Transfer of Resources from Centre to States in India • The Sarkaria Commission and 21st Century Model of Indian Federal Finance • Appendices • Bibliography • Index.

Federal Finance inIndia and Abroad

(H.B.)

Prabodh Jha & Rashmi Thakur

Ist EditionReprint 2013



This pioneering attempt is the outcome of the author's intention to integrate computer applications in to economics. Typically, undergraduate economics focuses on content rather than methods, in spite of the fact that empirical work is fundamental to the practice of economics. This book describes an alternative approach to teaching content by using computer applications that emphasise the empirical testing or applications of the theory. It combines computer applications and mathematics with economics, thereby equipping a student to effectively combine economic thought with practical applications. The book is designed as a text book for degree level courses in India in Economics, Agricultural Economics, Statistics, Engineering, Mathematics, Commerce, Management, Sociology, Demography, Psychology, Education, Geography, and other courses requiring quantitative techniques. It provides a platform highly beneficial for students to pursue research and higher education.

CONTENTS : Introduction to computer Applications In Economics • Starting SPSS And Entering Data In Windows • Descriptive Statistics • Analysis of Variance (ANOVA) • Correlation • Simple Linear Regression • Multiple Linear Regression • Demand Estimation and Elasticity • Extensions of Linear Regression Model To None-Linear Relationships • Time Series, Forecasting and Growth Rates • Linear and Nonlinear Production Functions • Cost and Revenue Functions • Break-Even Analysis • Profit Maximisation: Equilibrium of the Firm • Dummy Variables • Discriminant Function • Residuals Analysis: Validating Model Assumptions • Appendix A Statistical Tables • Index .

Computer Applicationsin Economics

K. Dhanasekaran

With CD

PUBLIC FINANCE



7th Edition Reprint 2013



The present edition has been thoroughly revised and substantially enlarged in keeping with changes in the latest UGC syllabi of B.A. Pass and Hons. classes and of various professional courses in India and abroad. Almost every chapter has been revised and the text contains some significant alternations and additions. Complex illustrations and figures have been replaced by simple ones.

CONTENTS : Part One : Basic Concepts • The Nature and Scope of Economics • Some Basic Concepts • Methodological Issues in Economics • Methods, Laws and Assumptions of Economics Theory • Economic Models • Choice As Economic Problem, Production Possibility Curve and Circular Flow of E c o n o m i c A c t i v i t y • M i c r o - a n d Macroeconomics• Economic Statics and Dynamics • Economy—Its Vital Processes Basic Problems • Economic Systems • Price System, Role of Price Mechanism and Consumer’s Sovereignty • The Concept of Equilibrium • Part Two : Consumption Theory • The Neo-Classical Utility Analysis • Demand and Law of Demand • The Indifference Curve Theory • The Concept of Consumer’s Surplus • The Revealed Preference Theory of Demand • The Elasticity of Demand • Part Three : Production Theory • Factors of Production •Characteristics of Land and Labour • Theories of Population • Division of Labour and Machinery • Capital and Capital Formation • Localisation of Industries • Scale of Production • Types of Business Units • Organisation • Laws of Returns : The Traditional Approach • Laws of Returns : The Isoquant—Isocost Approach • Part Four : Product Pricing • The Nature of Costs and Cost Curves • Market Structures • The Concept of Revenue •Supply : Its Law, Elasticity and Curves • Equilibrium of the Firm and Industry Under Perfect Competition • Pricing Under Perfect Competition: Demand and Supply Basic Framework • Applications of Demand and Supply Analysis Under Perfect Competition • Joint Demand and Supply • Monopoly • Monopsony and Bilateral Monopoly • Monopolistic Competition • Duopoly and Oligopoly • Objectives of Business Firm • Profit Maximisation, Full-Cost Pricing and Sales Maximisation Theory • Pricing of Public Undertakings • Linear Programming • Part Five : Factor Pricing • National Income : Meaning and Measurement • Inequality of Incomes • Theories of Distribution • Distributive Shares : The Product Exhaustion Theorem • Rent • Wages • Interest • Profits • Break-Even Analysis • Investment Analysis and Social Cost-Benefit • Part Six : Welfare Economics • Nature of Welfare Economics • The Classical and Marshallian Welfare Economics • Pigovian Welfare Economics and Externalities • Welfare Criteria • Welfare Maximisation • Pareto Optimality and Market Failure • Index .

MICRO7th Edition

ECONOMIC THEORY




M.L. Jhingan

4th Edition

MODERN MICROECONOMICS

MODERN MICROECONOMICS

Micro Economic Theory

Modern Micro-

EconomicsM.L. Jhingan

M.L. Jhingan

An advanced level text on Micro-economic Theory.

CONTENTS : • Part One : Basic Concepts • The Scope and Nature of Economics• The Methodological Issues in Economics • Economic Models • Micro-and Macroeconomics • Economic Statics and Dynamics •The Concept of Equilibrium • The Role of Price Mechanism • Par Two — Demand Theory • The Neo-Classical Demand Analysis The Indifference Curve Theory • The Modern Utility Analysis of Choices Involving Risk or Uncertainty • The Revealed Preference Theory of Demand • Hicks' Revision of Demand Theory : Demand Theory of Logical Ordering • Bandwagon, Snob and Veblen Effects in Demand • The Elasticity of Demand • The Concept of Consumer's Surplus • Recent Developments in Demand Theory • Part Three — Production Theory • Production Function : The Traditional Approach • Production Function : The lsoquant-Isocost Approach • Techanical Progress and Production Function Part Four — Product Pricing • The Nature of Costs and Elasticity of Costs • The Concept of Revenue• The Supply Curve under Different Market Conditions • Equilibrium of The Firm and Industry under Perfect Competition • Pricing under Perfect Competition • Independent Prices • Monopoly • Monopsony and Bilateral Monopoly • Monopolistic Competition • Duopoly and Oligopoly • Limit Pricing Theories • Profit Maximisation and Full-Cost Pricing Theories • Behavioural and Managerial Theories of the Firm • Pricing of Public Undertakings • The Theory of Contestable Markets • The Applications of Demand and Supply Analysis Under Perfect Competition • Game Theory and Price Determination• Input-Output Analysis • Linear Programming • Part Five — Factor Pricing • Macro-Theories of Distribution • Euler's Theorem : The Adding-up Problem • Factor Pricing Under Different Market Conditions • Rent • Wages • Interest • Profits • Part Six — Welfare Economics • General Equilibrium Theory • Nature of Welfare Economics • The Classical and Marshallian Welfare Economics • Pigovian Welfare Economics and Externalities • New Welfare Economics • Maximisation of Social Welfare • Rawls' Theory of Justice • Marginal Conditions of Paretian Optimum • Pareto Optimality and Perfect Competition • Economics of Risk and Uncertainty • Theories of Search, Asymmetric Information and Efficient Markets.

MICRO ECONOMICS

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The book discusses the concepts and theories relating to micro and macro economics at advanced level.

CONTENTS : • Part One : Basic Concepts • The Scope and Nature of Economics • The Methodological Issues in Economics • Economic Models • Micro and Macro economics • Economic Statics and Dynamics • The Concept of Equilibrium • The Role of Price Mechanism • Part Two : Demand Theory • The Neo-Classical Demand Analysis • The Indifference Curve Theory • The Modern Utility Analysis of Choices Involving Risk or Uncertainty • The Revealed Preference Theory of Demand • Hicks’s Revision of Demand Theory : Demand Theory of Logical Ordering • Bandwagon, Snob and Veblen Effects in Demand Theory • The Elasticity of Demand • The Concept of Consumer’s Surplus • Recent Development in Demand Theory • Part Three : Production Theory • Production Function : The Traditional Approach • Production Function : The Isoquant-Isocost Approach • Technical Progress and Production Function • Part Four : Product Pricing • The Nature of Costs and Elasticity of Costs • The Concept of Revenue • The Supply Curve under Different Market Conditions • Equilibrium of the Firm and Industry under Perfect Competition • Pricing under Perfect Competition • Independent Prices • Monopoly • Monopsony and Bilateral Monopoly • Monopolistic Competition • Duopoly and Oligopoly • Limit Pricing Theories • Profit Maximisation and Full-Cost Pricing Theories • Behavioural and Managerial Theories of the Firm • A Pricing of Public Undertakings • Game Theory and Price Determination • Input-Output Analysis • Linear Programming • Part Five : Factor Pricing • Macro-Theories of Distribution • Euler’s Theorem : The Adding up Problem • Factor Pricing under Different Market Conditions • Rent • Wages • Interest • Profits • Part Six : Welfare Economics • General Equilibrium Theory • Nature of Welfare Economics • Pigovian Welfare Economics and Externalities •The Classical and Marsholin Welfare Economics• New Welfare Economics • Maximisation of Social Welfare • Rules, theory of justice Marginal Conditions of Paretian Optimum • Pareto Optimality and Perfect Competition • Economics of Risk and Uncertainty • Theories of Search, Asymmetric Information and Efficient Markets • Part Seven : Macro-economic Theory • National Income : Concepts and Measurement • National Economic Accounting • The Classical Theory of Income, Output and Employment • Say’s Law of Markets • The Principle of Effective Demand: Aggregate Demand and Aggregate Supply • The Consumption Function • The Investment Function • Saving and Investment Equality • The Concept of Multiplier • The Keynesian Theory of Income, Output and Employment: A Summary • Balanced Budget Multiplier and Foreign Trade Multiplier • The Principle of Acceleration and The Super-Multiplier • Income Determination in Closed and Open Economy • IS and LM Functions : General Equilibrium of Product and Money Market • Wage-Price Flexibility and Employment • Inflation • Monetary Policy : Instruments and Types • Fiscal Policy • Applicability of Keynes’ Theory to UDCs • Business Cycle .

Advanced Economic Theory

M.L. Jhingan


U.S. Congress Library Catalogue No. 78-906121Now running in its 40th Edition, this highly acclaimed, popular and best selling text book in India and abroad has been revised and enlarged.

CONTENTS : • Part One : Basic Problems • Economics of Development : Concepts and Approaches • Economic Growth and Income Distribution : The Kuznets Hypothesis; Sustainable Development • Characteristics of an Underdeveloped Country • Obstacles to Economic Development • Factors of Economic Growth: Economic and Non-Economic • Chenery’s Patterns of Structural Change • Meaning and Characteristics of Modern Economic Growth • Part Two : Some Theories of Economic Development • Adam Smith’s Theory • The Ricardian Theory •The Malthusian Theory • Mill’s Theory • The Classical Theory • The Marxian Theory • The Schumpeterian Theory • The Keynesian Theory; Marx’ Stages of Growth • Rostow’s Stages of Economic Growth • Gerchenkron’s Great Spurt Theory • Nurkse’s Theory of Disguised Unemployment as a Saving Potential • Lewis’ Theory of Unlimited Supplies of Labour • Fei-Ranis Theory • Jorgenson’s Neo-Classical Model of a Dual Economy • Harris–Todaro Model of Migration and Unemployment • Leibenstein’s Critical Minimum Efforts Theory • Nelson’s




The Economics of Development

and PlanningM.L. Jhingan

Low-Level Equilibrium Trap • The “Big Push” Theory • The Doctrine of Balanced Growth •The Concept of Unbalanced Growth •Dualistic Theories • The Dependency Theory of Underdevelopment •The Limits to Growth Model • Myrdal’s Theory of Circular Causation • Part Three : Some Growth Models • The Harrod-Domar Models • The Kaldor Model of Distribution • The Pasinetti Model of Profit and Growth • Joan Robinson’s Model of Capital Accumulation • Meade’s Neo-Classical Model of Economic Growth• The Solow Model of Long-Run Growth • Kaldor’s Model of Growth • Models of Technical Change • The Uzawa Two-Sector Growth Model• The von Neumann Growth Model • The Stylised Facts and Steady State Growth • The Golden Rule of Accumulation• Growth Accounting • The New Endogenous Growth Theory • The Cambridge Capital Controversy in the Neo-classical Analysis of Growth • The Fel’dman Model •The Mahalanobis Model • Growth Models in Indian Planning • Part Four : Domestic Measures for Economic Development • Capital Formation and Economic Development • Role of Agriculture and Industry in Economic Development • Monetary Policy in Economic Development • Fiscal Policy in Economic Development • Deficit Financing as an Instrument of Economic Development •Price Policy in Economic Development € Population Growth and Economic Development • Human Capital Formation and Manpower • Entrepreneurship in Economic Development • Role of the State in Economic Development • Part Five : International Measures for Economic Development • Foreign Trade and Economic Development • The Debt Problem of LDCs • New International Economic Order (NIEO) • Commercial Policy and Economic Development • Foreign Capital and Aid in Economic Development • Two-Gap Model and Cost-Benefits of Foreign Aid • Private Foreign Investment and Multinationals • Part Six : Some Problems of Development Planning • Economic Planning • Shadow Prices • Project Evaluation and Cost-Benefit Analysis •Controls Under Planning • Input-Output Analysis • Linear Programming • The Concept of Capital–Output Ratio • The Choice of Techniques • Transfer of Technology • Investment Criteria in Economic Development • Economic Planning and Price Mechanism • WTO and Development Countries • Economics Integration Among Development Countries • Millennium Development Goals (MDGs)

GENERAL ECONOMICS

14th Edition

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Now running in its Twelfth Edition this highly acclaimed, popular and best selling text book in India and abroad has been thoroughly revised and substantially enlarged The book is meant for Hons., and M.A. classes and those preparing for N.E.T., I.E.S., Civil Services and other competitive examinations.

CONTENTS:PART ONEINTRODUCTION • The Nature and Scope of Macroeconomics

PART TWONATIONAL INCOME• National Income : Meaning and Measurement•Economic Welfare and National Income • National Income Accounting •The Circular Flow of Income

PART THREEMACRO ECONOMIC THEORY •The Classical Theory of Employment •Say’s Law of Market •The Principle of Effective Demand : Aggregate Demand and Aggregate Supply • The Consumption Function •Theory of the Consumption Function•The Investment Function•The Concept of Multiplier•Complex Multipliers•Foreign Trade Multiplier •The Principle of Acceleration and the Super Multiplier • Some New Theories of Investment • The Saving Function •Saving and Investment Equality • The Model of National Income Determination •The Keynesian Theory of Income, Output and Employment : A Summary •The Classical Vs. Keynesian Models of Income and Employment • Unemployment and Full Employment •




M.L. JHINGAN7th Edition

MonetaryEconomicsMonetaryEconomics

MacroEconomic Theory

Monetary Economics

M.L. Jhingan M.L. Jhingan

The book discusses the Classical, Keynesian and modern monetary theories systematically and critically.

CONTENTS :• Evolution and Functions of Money • Role of Money • Flow of Funds Accounts • The Circular Flow of Money • Monetary Standards • Functions of Commercial Banks • Organisation and Structure of Commercial Banks • Commercial Banks Policies and Principles • Credit Creation by Commercial Banks • Central Banking: Functions and Credit Control • Index Numbers • Changes in the Value of Money: The Quantity Theory of Money and Its Variants • Income and Expenditure Theory • The Keynesian Theory of Money and Pr ices • Fr iedman’s Restatement of the Quantity Theory of Money • The Supply of Money • The Demand of Money • Theories of Interest Rates • Term Structure of Interest Rates • Inflation and Deflation • A Financial Markets • Money and Capital Markets • Financial Dualism • Financial Intermediaries • Non-Bank Financial Intermediaries (NBFIs) • Inside Money and Outside Money • Neutrality and Non-Neutrality of Money • The Real Balance Effect • Patinkin’s General Equilibrium Model • IS and LM Functions : General Equilibrium of Product and Money Markets • Monetary Policy : Objectives, Targets and Indicators • Monetary Policy : Instruments and Types • Time Lags in Monetary Policy • Role of Money in the Classical and Keynesian Theories • Classical, Keynesian and Modern Views on Monetary Policy • The Liquidity Theory of Money • The Monetarist Revolution • Monetary Transmission Mechanism • Monetarism versus Keynesianism • Fiscal Policy and Debt Management • Effectiveness of Monetary and Fiscal Policy • Assignment of Policy Instruments to Targets • Crowding Out Effect and Availability Doctrine • The Rational Expectations Hypothesis • Business Cycles • Balance of Payments-I • Balance of Payments-II • The International Monetary Fund • The World Bank • The World Bank Group • International Liquidity • International Monetary System • Euro-Currency Market • European Monetary System and Euro • The Asian Development Bank • Present Monetary System of India • Indian Capital Market • Indian Money Market • Moneylenders and Indigenous Bankers • Co-operative Banks in India • Regional Rural Banks and NABARD • Exchange Banks • Commercial Banks in India • Banking Legislation in India • Nationalisation of Commercial Banks • The Reserve Bank of India • Monetary Policy of Reserve Bank of India • The State Bank of India • Recent Trends in the Banking System • Development Banking in India • Non-Bank Financial Intermediaries in India • Financial Reforms in India • Role and Achievements of SEBI • Mutual Funds in India • Merchant Banking in India • Select Bibliography • Index.

Applicability of Keynes’s Theory to Underdeveloped Countries

PART FOUR MONETARY THEORY •Money • Changes in the Value of Money : The Quantity Theory of Money and its Variants • The Keynesian Theory of Money and Prices • Friedman’s Restatement of the Quantity Theory of Money • The Supply of Money • Credit Creation by Commercial Banks • Central Banking : Functions and Credit Control•The Monetarist Revolution •The Demand for Money • Theories of Interest Rate •Term Structure of Interest Rate • The Real Balance Effect and Pigou Effect • Wage-Price Flexibility and Full Employment

PART FIVEINFLATION AND BUSINESS CYCLES • Inflation and Deflation •Business Cycles

PART SIXGROWTH MODELS • The Harrod-Domar Models • The Solow-Swan Model of Growth • The Solow-Swan Model of Economic Growth • The Endogenous Growth Theory •Steady State Growth • The Golden Rule of Accumulation

PART SEVENMACROECONOMIC POLICIES • Macroeconomic Policy •Monetary Policy • Classical, Keynesian and Modern Views on Monetary Policy • The Liquidity Theory of Money • Fiscal Policy • Monetarism versus Keynesianism • IS and LM Functions : General Equilibrium of Product and Money Market • extensions of IS-LM Model • Effectiveness of Monetary and Fiscal Policy

PART EIGHTMODERN MACROECONOMICS •The Rational Expectations Hypothesis • Supply-side Economics • The New Classical Macroeconomics • The Real Business Cycle Theory • New Keynesian Economics

PART NINEMACROECONOMICS IN OPEN ECONOMY • Balance of Payments : Meaning and Components • Adjustment Mechanisms of Balance of Payments • Balance of Payments Policies : Internal and External Balance • Foreign Exchange Rate • Foreign Exchange Rate Policy • Index.

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A v a i l a b l e




A popular text which discusses theories, problems, and policies relating to international trade and economic relations with special reference to developing countries.

CONTENTS : • Part One : The Pure Theory of International Trade • Distinguishing Features of Inter-regional and International Trade • International Trade Equilibrium : Some Analytical Tools • The Classical Theory of Comparative Advantage • The Classical Theory of Comparative Costs and UDCs • Refinements of the Comparative Costs Theory • Haberler’s Theory of Opportunity Costs • Mill’s Theory of Reciprocal Demand • The Modern Theory of Factor Endowments : The Heckscher-Ohlin Theory • International Trade and Factor Prices • Factor Intensity Reversals : Stopler-Samuelson and Rybczynski Theorems • Empirical Testing of Comparative Costs and H.O. Theories • Extensions of H.O. Theory : Dynamic Factors in International Trade • Some New Theories of International Trade • Economic Growth and International Trade • Technical Progress and International Trade • The Gains from Trade • The Terms of Trade • Terms of Trade and Economic Deve lopmen t : Secu la r Deterioration Hypothesis • Part Two : Commercial Policy • Free Trade Versus Protection • Tariffs • Effective Rate of Protection • Non-Tariff Barriers (NTBs) • Import Quotas • Dumping • Exchange Control • International Cartels • State Trading • International Economic Integration : Customs Union • ASEN and NAFTA • Part Three : Balance of Payments • Balance of Payments : Meaning and Components • Adjustment Mechanisms of Balance of Payments • Balance of Payments Policies : Internal and External Balance • Income Adjustment: Foreign Trade Multiplier • Foreign Exchange Rate • Foreign Exchange Rate Policy • Devaluation • Optimum currency Area • The Foreign Exchange Market • International Capital Movements • The Transfer Problem • Part Four : International Economic Relations • Foreign Trade and Economic Development • Commercial Policy and Inward-Looking and Outward-Looking Policies • Foreign Aid in Economic Development • Export Instability and International Commodity Agreements • Private Foreign Investment and Multinational Corporations • The International Monetary Fund (IMF) • The World Bank • The World Bank Group • International Liquidity • The International Debt Problem • International Monetary System • The Euro-Dollar Market • The European Economic Community (EEC) • The European Monetary System and the Euro General Agreement on Tariffs and Trade (GATT) • The World Trade Organisation (WTO) • The UN Conference on Trade and Development (UNCTAD) • The Asian Development Bank (ADB) • South Asian Association for Regional Cooperation (SAARC) • New International Economic Order (NIEO) • Foreign Trade and Balance of Payments in India • Foreign Capital in India • Bibliography • Index.


ISBN 978-81-8281-384-7 Price ` 250/- paperback


The book meant for undergraduate and post-graduate students of Economics and Commerce.

CONTENTS : • Part One : Money • Evolution and Functions of Money • Role of Money • The Circular Flow o f Money • Monetar y S tandard • Measurement of Changes in the Value of Money: Index Numbers • The Quantity Theory of Money and Its Variants • Keynes’ Income and Expenditure Theory • The Keynesian Theory of Money and Prices • Friedman’s Restatement of the Quantity Theory of Money • The Supply of Money • The Demand for Money • Keynes’ Fundamental Equations • Inflation and Deflation • Part Two : Banking • Commercial Banking • Organisation and Structure of Commercial Banks • Commercial Bank Policies and Principles • Credit Creation by Commercial Banks • Credit and Credit Instruments • Central Banking : Functions and Credit Control • Money and Capital Markets • Non-Bank Financial Intermediaries (NBFIs) • Monetary Policy • The Liquidity Theory of Money • Part Three : Keynesian Theory of Income, Output and Employment • The Classical Theory of Income, Output and Employment • Say’s Law of Markets • The Principle of Effective Demand : Aggregate Demand and Aggregate Supply • The Consumption Function • The Investment Function • Saving

InternationalEconomics

Money, Banking, International Tradeand Public FinanceM.L. Jhingan

M.L. Jhingan

and Investment Equality • The Saving Function • Pigou and Wage-Price Flexibility • The Concept of Multiplier • Keynes’ Liquidity Preference Theory of Interest • IS and LM Framework : Simultaneous Determination of Interest Rate and Income Level • Foreign Trade Multiplier • The Keynesian Theory of Income, Output and Employment : A Summary • National Income • Applicability of Keynes’ Theory to Underdeveloped Countries • The Principle of Acceleration • Part Four : International Trade • Distinguishing Features of International Trade • The Theory of Comparative Costs • The Hecksher-Ohlin Theory • Mill’s Theory of Reciprocal Demand • Haberler’s Theory of Opportunity Cost • The Terms of Trade • The Gains from Trade • Free Trade Versus Protection • Tariffs • Import Quotas • Exchange Control • Balance of Payments • Foreign Exchange Rate • Foreign Exchange Rate Policy • The Foreign Exchange Market • Business Cycles • Part Five : International Monetary System • The International Monetary Fund • The World Bank • The World Bank Group • International Liquidity • The Euro-Dollar Market • The European Economic Community (EEC) • The General Agreement on Tariffs and Trade (GATT) • The World Trade Organisation (WTO) • The UN Conference on Trade and Development (UNCTAD) • New International Economic Order (NIEO) • The Asian Development Bank • Part Six : Money and Banking in India • Present Monetary System of India • Indian Capital Market • Indian Money Market • Moneylenders and Indigenous Bankers • Co-operative Banks in India • Regional Rural Banks and NABARD • Exchange Banks • Commercial Banks in India • Banking Legislation in India • Nationalisation of Commercial Banks • The Reserve Bank of India • Monetary Policy of Reserve Bank of India • The State Bank of India • Recent Trends in The Banking System • Development Banking in India • Non-Bank Financial Intermediaries in India • Part Seven : Public Finance • Meaning, Scope and Importance of Public Finance • The Principle of Maximum Social Advantage • Taxes • Incidence and Effects of Taxes • Taxable Capacity • Canons, Effects and Growth of Public Expenditure • Public Debt • Public Goods, Private Goods and Market Failure • Theories of Taxation • Trends in Tax Revenue and Expenditure of Centre and State Governments in India.


e Textbook

A v a i l a b l ee Textbook

A v a i l a b l e

4thEditionReprint 2013

ISBN 978-81-8281-426-4Price ` 250/-


712 Pages

A comprehensive text which includes basic concepts, micro and macro-economics, money, banking, International trade and public finance.

CONTENTS : PART ONEBASIC CONCEPTS • The Nature and Scope of Economics • Some Basic Concepts • Methods, Laws and Assumptions of E c o n o m i c s T h e o r y • M i c r o - a n d -Macroeconomics and Economic Statics and Dynamics • Economy-Its Basic Problems • Economic Systems • The Role of Price MechanicsPART TWO CONSUMPTION THEORY • Consumption and Human Wants • The Neo-Classical Utility Analysis • Demand And Law of Demand • The Elasticity of Demand • The Indifference Curve Theory • The Concept of Consumer’s Surplus • The Revealed Preference Theory of DemandPART THREE PRODUCTION THEORY • Factors of Production • Characteristics of Land and Labou • Division of Labour and Machinery • Capital and Capital Formation • Localisation of Industries • Scale of Production • Types of Business Units • Organisation • Laws of Returns : The Traditional Approach • Laws of Returns: The Isoquant-lsocost ApproachPART FOUR PRODUCT PRICING • The Nature of Costs and Cost Curves • Market Structures • the Concept of Revenue • Supply-Its Law, Elasticity and Curve • The Concept of Equilibrium • Equilibrium of The Firm and Industry Under Perfect Competition • Pricing

M.L. JHINGAN

PRINCIPLES OF

4th e

ECONOMICS

Principles of Economics

M.L. Jhingan




2nd Revised Edition

Demography

It studies the subject-matter, determinants and trends of demography alongwith theories of population, migration and urbanisation as per new U.G.C. syllabi for B.A. Economics and Sociology, M.A. Economics and other courses for Indian University.

CONTENTS : • Meaning and Scope of Demography • Determinants of Population Growth • Population Projection • Sources of Demographic Data • Nature of Information Collected in 1971, 1981, 1991 and 2001 Census in India • National Family Health Surveys (NFHS 1 & 2) and Household Economic Behaviour • The Malthusian and Neo-Malthusian Theories of Population • The Optimum Theory of Population • The Biologial Theories of Population • Social and Economic Theories of Population • The Theory of Demographic Transition • Views of Meadows and Enke on Population • Migration • Theories and Models of Migration • Urbanisation • Popu la t i on Growth and Economic Development • Changing Characteristics of Population in India • Occupational Structure of Indian Population • Population Policy in India • Family Planning in India • Population and Strategies for Human Development of Different Social Groups in India • Population, Economy and Environment Linkages in India • Trends of World Population • Glossary • Bibliography.

M.L. Jhingan B.K. Bhatt J.N.Desai

3rd Edition Reprint 2013

ISBN 978-81-8281-389-2Price ` 300/-


356 Pages

History of Economic

Thought

M.L. Jhingan, M. Girijaand L. Sasikala

The Book traces the development of economic thought from ancient to the modern times, including Nobel Laureates.

CONTENTS :• Nature and Significance of History of Economic Thought • Ancient Economic Thought • Medieval Economic Thought • Mercantilis • Physiocrats • Pre classical Economists • Jeremy Bentham • Adam Smith • Thomas Robert Malthus • David Ricardo • Classical Traditionists • Early Socialistic Critics • Socialistic Critical • The Historical School • Restatement of classical Economics – J.S. Mill • Marginal Revolution • Austrian School • Karl Marx • State Socialism • Neo-Classical Economics: Alfred Marshall • Institutional School Thorstein Bunde Veblen • Welfare Economics • John Maynard Keynes (1883-1946) • Development of Economic Theories • Contributions of Nobel Laureates • Indian Economic Thought • Bibliography.

3rd Edition

Under Perfect Competition • Joint Demand and Supply • Representative Firm and Optimum Firm • Monopoly • Monopolistic Competition • Duopoly and Oligopoly PART FIVE FACTOR PRICING • National Income : Meaning and Measurement • Income and Economic Welfare • Theories of Distribution • Rent • Wage • Interest • ProfitsPART SIX MACRO ECONOMICS • The Classical Theory of Income, Output and Employment • Say’s Law of Markets • Principle of Effective Demand : Aggregate Demand and Aggregate Supply • The Consumption Function • The Saving Function • Investment Function • Saving and Investment Equality • The Concept of Multiplier • The Principle of Acceleration • The Circular Flow of Income • The Keynesian Theory of Income, Output and Employment • The Model of National Income Determination • Unemployment and Full Employment • Inflation And Deflation • Business CyclesPART SEVEN MONEY AND BANKING• Definition and Functions of Money • Role of Money • Measurement of Changes in The Value of Money : Index Numbers • The Quantity Theory of Money and Its Variants • Keynes’ Income and Expenditure Theory • The Keynesian Theory of Money and Prices 65Friedman’s Restatement of the Quantity Theory of Money • The Supply of Money • The Demand for Money • Commercial Banking • Organisation and Structure of Commercial Bank • Commercial Bank Policies and Principles • Credit Creation By Commercial Banks • Central Banking: Functions and Credit Control • Money and Capital Markets • Monetary Policy PART EIGHT INTERNATIONAL TRADE• Distinguishing Features of Inter-regional and International Trade • The Theory of Comparative Costs • Mill’s Theory of Reciprocal Demand • Pricing of Public Undertakings • The Terms of Trade • The Gains from International Trade • Free Trade Versus Protection • Tariffs • Non-Tariff Barriers (NTBs) • Import Quotas • Balance of Payments • Foreign Exchange Rate • Foreign Exchange Rate Policy • Foreign Trade and Economic Developmen • Foreign Aid and Economic D eve l o p m e n t • T h e I n t e r n a t i o n a l M o n e t a r y F u n d ( I M F ) • The World BankPART NINE PUBLIC FINANCE• Meaning, Scope and Importance of Public Finance • Public Goods, Private Goods and Market Failure • The Principle of Maximum Social Advantage • Taxes • Incidence and Effects of Taxes • Taxable Capacity • Theories of Taxation • Canons, Effects and Growth of Public Expenditure • Public Debt • Government Budget • Deficit Financing • Index.


e Textbook

A v a i l a b l e

e Textbook

A v a i l a b l e

Ist EditionReprint 2009



This book has been written with the objective of providing a comprehensive text for undergraduate students. The subject matter of business economics has been presented in a lucid style. The building blocks of business economics have been arranged in the sequence of their introduction to the subject.

CONTENTS : • Nature and Scope of Business Economics • Cardinal Utility Analysis • Demand Analysis • Ordinal Utility Analysis • Factors of Production • Production Function • Law of Variable Proportions • Concepts of Cost and Revenue •Law of Supply • Market Morphology • Distribution National Income • Government and Business Pricing in Public Utilities.

M. Girija


ISBN 978-81-8281-434-9Price ` 300/-


500 Pages

Attempt has been made to include all the important topics of Agricultural in E c o n o m i c d e v e l o p m e n t , F a r m organisation, Land Reforms, uncertainty in Agriculture, instability of Agriculture, Agricultural price policy, supply Response in Agriculture Various models of Agricultural development has been incorporated in this book.

CONTENTS :Agricultural Economics-natural & Scope • Agriculture and Economic Development • Farm Organization • Agricultural Price Policy for Developing Country • The State & The Agriculture• Size of The Farm & Productivity•7 Risk & Uncertainty• Marketing Efficiency• Measures of Farm Efficiency • Application of Production Function in Agriculture• Schultz’s Thesis of Transformation of Agriculture• Mellor’s Theory of Agriculture Development • Boserup Model of Agriculture Development • Lewis Model of Economic Development • Ranis-Fei Model • Agro-Climatic Planning • New Agricultural Strategy And Green Revolution • Size of The Farm & Cropping Pattern • Terms of Trade Between Agriculture & Industry • World Trade Organisation & Indian Agriculture• Land Reforms In India• Rural Indebtedness• Food Problem in India• Crop Insurance In India• Importance And Problems of Indian Agriculture • Demand & Supply Response in Agricultural • Instability of Agriculture • Agricultural Trade Cycle & Cobweb Theory• Agricultural Finance• Resource Mobilisation From The Agricultural Sector• Agricultural Taxation• Community Development• Agriculture and Environmental• Mechanization of Agriculture • Agricultural Labour• Irrigation • Agriculture Under The Five –Year Plans• Small Scale Industries • Rural Poverty • Problems of Rural Unemployment in India. National Bank for Agricultural and Rural Development (NABARD) • Integrated Rural Development Programma ( IRDP).

P.K. GUPTA

AgriculturalECONOMICS

2nd EditionIntroductionto BusinessEconnomics

M. Girija




The present edition has been written keeping in view the UGC syllabus as well as the Syllabuses of other universities. Many new chapters of students interest have been incorporated in the book. All the topics have been written in simple language so that the students may grasp them easily. Detailed informations of various topics will cater to the needs of the students.

CONTENTS. Labour Market & Its Models• Supply of Labour • Demand for Labour• Theories of Labour Market •Employment and Development Relationship • Problems of Unemployment in Developing Countries •Unemployment Kinds causes and Remedies• India’s Labour Policy • Theories of Wage Determination • Wage Concepts • Wage –Differentials and Profit Sharing• Wage Policy : Efficiency and Productivity of Labour•Payment of Bonus • Industrialisation, Emergence and Growth of Trade Unionism • Structure and Pattern of Trade Union • Determinent of Industrial Dispute and Steps to Industrial Peace • Settlement of Industrial Disputes: Collective Bargaining •Social Security in India • Housing Problems of Industrial Workers • Women and child Labour• Rural & Agricultural Labour in I nd ia • Pe rsonne l Managemen t • Indebtedness and Education of Industrial Workers • Rationalization & Automation • Labour Laws Origin, and Classification • Industrial Discipline and Domestic Enquiry • Increasing role of State In the Solution of Problems of Rural Labour • India and the International Labour Organisation.

P.K.GUPTA

LABOUR ECONOMICS

2nd

Ed

itio

n Labour Economics P.K. Gupta

AgriculturalEconomics

P.K. Gupta

Ist Edition 2011ISBN 978-81-8281-360-1

Price ` 250/-paperback


This book on Fundamentals of Business Economics contains several special features as it was prepared keeping the students requirement in the mind. A very significant strength of this book is the section on 'Application in Business' given at the end of several chapters, which will enable the students to understand the business relevance of the concepts.

CONTENTS:Introduction • Consumption • Forecasting Demand • Production • Cost & Revenue Curves • Market Structure • Market Structure- Monopolistic Competition & Oligopoly • Pricing Policy & Strategies • Business Cycle • National Income • International Trade Industrial Development & Policy • Factor Pricing • Macro Economics • Index.

Fundamentals of

BusinessEconomics


P. Ravilochana

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