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Macroeconomics enriches our knowledge of the functioning of an economy by studying the behaviour of national income, output, investment, saving and consumption. It guides us in solving the larger problems of unemployment, economic instability and slow economic growth. It is in terms of macroeconomics that monetary problems can be analyzed and understood properly. Frequent changes in the value of money, characterized by inflation or deflation affect the economy adversely. Adopting monetary, fiscal and direct control measures based on macroeconomics helps in mitigating the negative impacts. Advanced Macroeconomics has a wide coverage and comprehensively studies all the topics normally included in the subject, viz. Concept and Calculation of National Income, Classical Theory of Employment, Determination of Income, Output and Employment, Savings, Investment and Multiplier, Consumption Function, Marginal Efficiency of Capital, Rate of Interest, IS-LM Analysis of Demand, Saving-Investment Equality, Principle of Acceleration, Unemployment in an Undeveloped Economy, Secular Stagnation, Money and Prices, Inflation and Deflation, Inflation and Unemployment: Trade-off, Credit Creation and Credit Control, Business Cycles, Economic Stabilization, Monetary Policy, Fiscal Policy, Deficit Financing, Public Debt, Open Economy Macroeconomics, etc. The book incorporates the latest developments in the subject and the chapters are organised in topics that are more or less self-contained.