Macroeconomics

Macroeconomics : Theories and Policies

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Description

For courses in Intermediate Macroeconomics.This text traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. The author admires all points of view and the result is a comprehensive, detailed, unbiased view of modern macroeconomic theory. Would you like a text that effectively compares and contrasts all the competing macroeconomic theories without espousing one particular point of view?show more

Product details

  • Paperback | 524 pages
  • 191 x 233 x 21mm | 808g
  • Pearson Education Australia
  • Frenchs Forest, NSW, Australia
  • 7th International edition
  • 0130425788
  • 9780130425782

Table of contents

I. INTRODUCTION AND MEASUREMENT. 1. Introduction. 2. Measurement of Macroeconomic Variables. II. MACROECONOMICS MODELS. 3. Classical Macroeconomics (I): Equilibrium Output and Employment. 4. Classical Macroeconomics (II): Money, Prices, and Interest. 5. The Keynesian System (I): The Role of Aggregate Demand. 6. The Keynesian System (II): Money, Interest, and Income. 7. The Keynesian System (III): Policy Effects in the IS-LM Model. 8. The Keynesian System (IV): Aggregate Supply and Demand. 9. The Monetarist Counterrevolution. 10. Output, Inflation and Unemployment: Monetarist and Keynesian Views. 11. New Classical Economics. 12. Real Business Cycles and New Keynesian Economics. 13. Macroeconomic Models: A Summary. III. OPEN ECONOMY MACROECONOMICS. 14. Exchange Rates and the International Monetary System. 15. Monetary and Fiscal Policy in the Open Economy. IV. ECONOMIC POLICY. 16. The Money Supply Process. 17. Monetary Policy. 18. Fiscal Policy. V. EXTENSIONS OF THE MODELS. 19. Long- and Intermediate-Term Economic Growth. 20. Consumption and Investment. 21. Money Demand.show more