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Full Description
Building upon the success of previous editions, Macroeconomics 3/e provides a comprehensive analysis of modern macroeconomics within both a European and a global context. Competing theoretical approaches are presented in a clear and balanced manner with continual reference to data and case study examples from the real world. The excellent teaching and learning aids include chapter overviews, summaries of key concepts, end of chapter exercises, and suggestions for further reading for each chapter. Completely revised and updated, this new edition contains new material on economic growth, labour markets and unemployment, money supply, inflation, financial and exchange markets, and supply side policies.
Contents
1. What is Macroeconomics?; 2. Macroeconomic Accounts; 3. Economic Growth; 4. Labour Markets and Unemployment; 5. Intertemporal Budget Constraints; 6. Private Sector Demand: Consumption and Investment; 7. The Real Exchange Rate; 8. Money and the Demand for Money; 9. The Supply of Money and Monetary Policy; 10. Output, Employment, and Prices; 11. Aggregate Demand and Output; 12. Aggregate Supply and Inflation; 13. Aggregate Demand and Aggregate Supply; 14. Business Cycles; 15. Fiscal Policy, Debt, and Seigniorage; 16. The Limits of Demand Management; 17. Supply-Side Policy; 18. Economic Growth: Theory and Policy; 19. Asset Markets and Macroeconomics; 20. The Architecture of the International Monetary System
