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Description
This new Macroeconomics text deals entirely with Open Economy Macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It is also distinctive in providing an exposition and evaluation of the three main macroeconomic models, the income-expenditure model, the IS-LM model and the AD-AS model, in addition to the application to real world issues and policy. Finally the AD-AS framework provides an opportunity for examining recent controversies concerning the supply-side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications.
Table of Contents
The Origins and Development of Macroeconomics
The Social Framework for National Income Accounting
Basic Concepts and Methods of Macroeconomics
PART 2: THE INCOME-EXPENDITURE FRAMEWORK
The Income-Expenditure Model and Goods Market Equilibrium
Fiscal Policy and Devaluation Analysis
Consumption
Investment
PART 3: THE IS-LM FRAMEWORK
Financial Assets, Asset Market Equilibrium and Monetary Policy
The Short Run IS-LM Model of Economic Policy
The Government Budget Constraint and the Financing of Fiscal Policy
The Demand for Money
PART 4: THE AGGREGATE DEMAND AND AGGREGATE SUPPLY FRAMEWORK
The Classical Theory of the Labour Market and Aggregate Supply
The Keynesian Theory of Aggregate Supply and Supply Shocks
The AD-AS Model of Economic Policy
The New Keynesian Theories of Sticky Wages and Unemployment
PART 5: MACROECONOMIC POLICY
Economic Growth and Technical Progress
Business Cycles
Inflation
The Dynamic Theory of Macroeconomic Policy.
Product details
| Published | May 09 2000 |
|---|---|
| Format | Paperback |
| Edition | 1st |
| Extent | 414 |
| ISBN | 9780333573303 |
| Imprint | Red Globe Press |
| Dimensions | Not specified |
| Publisher | Bloomsbury Publishing |
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