Macroeconomics, First Canadian Edition

Macroeconomics, First Canadian Edition

  • Hardback
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Appropriate for courses in Intermediate Macroeconomics in economics and MBA programs.This book helps students see how macroeconomics can be used to try to understand some of the most important issues of the last twenty years--from the transformation of Eastern Europe, to high unemployment in Western Europe, to rapid economic development in Asia, to widening income inequality in Canada and the United States. It presents macroeconomics as an applied science-- a science that deals with complex and often urgent issues--and a science that must maintain both internal consistency and external reference. The example-rich approach provides a strong emphasis on the role of expectations, the openness of modern economics, and the role of dynamics.
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Product details

  • Hardback | 672 pages
  • 206 x 252 x 40mm | 1,439.98g
  • Prentice-Hall (Canada)
  • Scarborough, Canada
  • 0130950599
  • 9780130950598

Table of contents

I. INTRODUCTION. 1. A Tour of the World. 2. A Tour of the Book. II. THE BASICS. 3. The Goods Market. 4. The Goods Market: Dynamics. 5. Financial Markets. 6. Goods and Financial Markets: The IS-LM. III. EXPECTATIONS. 7. Expectations: The Basic Tools. 8. Expectations, Consumption, and Investment. 9. Financial Markets and Expectations. 10. Expectations, Policy, and Output. IV. OPENNESS. 11. Openness in Goods and Financial Markets. 12. The Goods Market in an Open Economy. 13. Output, the Interest Rate, and the Exchange Rate. 14. Expectations, Exchange-Rate Movements, and Exchange-Rate Crises. V. THE SUPPLY SIDE. 15. The Labour Market. 16. Putting All Markets Together. 17. The Phillips Curve. 18. Inflation, Disinflation, and Unemployment. 19. Inflation, Interest Rates, and Exchange Rates. IV. PATHOLOGIES. 20. Pathologies I: High Unemployment. 21. Pathologies II: High Inflation. VII. THE LONG RUN. 22. The Facts of Growth. 23. Saving, Capital Accumulation, and Output. 24. Technological Progress and Growth. VIII. CHANGE AND TRANSITION. 25. Technological Progress, Unemployment, and Wages. 26. Transition in Eastern Europe. IX. POLICY. 27. Should Policy Makers be Restrained? 28. Monetary Policy: A Summing Up. 29. Fiscal Policy: A Summing Up. X. EPILOGUE. 30. The Story of Macroeconomics. APPENDIXES. Where to Find Numbers. National Income and Product Accounts. A Math Refresher. Glossary. Index.
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