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Macroeconomics

Macroeconomics
Author: Felipe Larrain B.
Publisher: MIT Press
ISBN: 0262538571
Size: 37.58 MB
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An accessible introduction to the basics of macroeconomics and how it affects the local and global economies. Macroeconomics takes a broad perspective on the economy of a country or region; it studies economic changes in the aggregate, collecting data on production, unemployment, inflation, consumption, investment, trade, and other aspects of national and international economic life. Policymakers depend on macroeconomists' knowledge when making decisions about such issues as taxes and the public budget, monetary and exchange rate policies, and trade policies—all of which, in turn, affect decisions made by individuals and businesses. This volume in the MIT Press Essential Knowledge series offers an introduction to the basics of macroeconomics accessible to the noneconomist. Readers will gain the tools to interpret such economic events as the 2008 financial meltdown, the subsequent euro crisis, and the current protectionist dynamics seen in some developed countries. The author, an academic economist and two-time Chilean Finance Minister, devotes a substantial part of his analysis to economic development, explaining why some countries achieve continuing economic growth while others become stagnant. He discusses the links between economic activity and employment; employment and unemployment rates; factors behind economic growth; money, inflation, and exchange rate systems; fiscal deficits; balance of payment crises; consumption and savings; investment decisions; fiscal policy; and the process of globalization and its macroeconomic implications.
Principles of Macroeconomics
Language: en
Pages: 512
Authors: Robin Stonecash, Joshua Gans, Stephen King, Martin Byford, Kris Ivanovski, N. Gregory Mankiw
Categories: Business & Economics
Type: BOOK - Published: 2020-10-15 - Publisher: Cengage AU
Principles of Macroeconomics 8th edition boils economics down to its essentials, by considering what is truly important for students to learn in their first course in economics. In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues – including the impacts of the contemporary macroeconomic issues, inflation, unemployment, interest rates, and monetary and fiscal policy. The resource emphasises the material that students should and do find interesting about the study of the economy, resulting in a focus on applications and policy, and less on formal economic theory. Principles of Macroeconomics, 8th edition encourages students to make their own judgements by presenting both sides of the debate on five controversial issues facing policy makers: the proper degree of policy activism in response to the business cycle, the choice between rules and discretion in the conduct of monetary policy, the desirability of reaching zero inflation, the importance of balancing the government’s budget, and the need for tax reform to encourage saving. Premium online teaching and learning tools are available on the MindTap platform. Learn more about the online tools
A Concise Guide to Macroeconomics
Language: en
Pages: 211
Authors: David A. Moss
Categories: Business & Economics
Type: BOOK - Published: 2014 - Publisher: Harvard Business Press
Geared toward executives and managers, a revised guide explains important concepts in macroeconomics using detailed examples from history and helps break down how the economy really works and what impact it has on the business world. 12,500 first printing.
Macroeconomics
Language: en
Pages: 296
Authors: Felipe Larrain B.
Categories: Business & Economics
Type: BOOK - Published: 2020-03-17 - Publisher: MIT Press
An accessible introduction to the basics of macroeconomics and how it affects the local and global economies. Macroeconomics takes a broad perspective on the economy of a country or region; it studies economic changes in the aggregate, collecting data on production, unemployment, inflation, consumption, investment, trade, and other aspects of national and international economic life. Policymakers depend on macroeconomists' knowledge when making decisions about such issues as taxes and the public budget, monetary and exchange rate policies, and trade policies—all of which, in turn, affect decisions made by individuals and businesses. This volume in the MIT Press Essential Knowledge series offers an introduction to the basics of macroeconomics accessible to the noneconomist. Readers will gain the tools to interpret such economic events as the 2008 financial meltdown, the subsequent euro crisis, and the current protectionist dynamics seen in some developed countries. The author, an academic economist and two-time Chilean Finance Minister, devotes a substantial part of his analysis to economic development, explaining why some countries achieve continuing economic growth while others become stagnant. He discusses the links between economic activity and employment; employment and unemployment rates; factors behind economic growth; money, inflation, and exchange rate systems; fiscal deficits; balance of
The Holy Grail of Macroeconomics
Language: en
Pages: 296
Authors: Richard Koo
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher: John Wiley & Sons Incorporated
Japan's "Great Recession" lasted from approximately 1992 - 2007 and finally provided the economics profession with the necessary background to understand what actually happened during the US recession of the 1930s. The discoveries made, however, are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macro economic spectrum of possibilities that conventional theorists have overlooked. In particular, Japan's Great Recession showed that when faced with a massive fall in asset prices, companies typically jettison the conventional goal of profit maximization and move to minimize debt in order to restore their credit ratings. This shift in corporate priority, however, has huge theoretical as well as practical implications and opens up a whole new field of study. For example, the new insight can explain fully the precise mechanism of prolonged depression and liquidity trap which conventional economics - based on corporate profit maximization - has so far failed to offer as a convincing explanation. The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once
Macroeconomics
Language: en
Pages: 608
Authors: N. Gregory Mankiw
Categories: Business & Economics
Type: BOOK - Published: 2012-06-01 - Publisher: Worth Publishers
Long the bestseller for the intermediate macroeconomics course, Greg Mankiw’s superbly crafted textbook maintains its authority, currency, and vitality edition after edition, and the new Eighth Edition is the most accomplished yet. Again, Mankiw provides an exceptionally clear and concise introduction to the macroeconomy, taking full account of the 2007-2009 financial crisis and the measures taken in response to it. In addition to a new chapter directly inspired by the crisis (Chapter 20, The Financial System: Opportunities and Dangers) the new edition also features new research, discussions, and case studies throughout, as well as the most extensive media/supplements package available for any intermediate macroeconomics. You are welcome to use the new Financial System: Opportunities and Dangers chapter this semester with students. We will keep it posted through early June to allow free access for all who wish to have students read it.
Lectures on Macroeconomics
Language: en
Pages: 664
Authors: Olivier Blanchard, Stanley Fischer
Categories: Business & Economics
Type: BOOK - Published: 1989-03-21 - Publisher: MIT Press
The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations. Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy,
Macroeconomics
Language: en
Pages: 638
Authors: Wendy Carlin, David W. Soskice
Categories: Business & Economics
Type: BOOK - Published: 2015 - Publisher: Oxford University Press, USA
Carlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.
Macroeconomics For Dummies
Language: en
Pages: 416
Authors: Dan Richards, Manzur Rashid, Peter Antonioni
Categories: Business & Economics
Type: BOOK - Published: 2016-08-01 - Publisher: John Wiley & Sons
The fast and easy way to make macroeconomics manageable Macroeconomics is kind of a big deal. Without it, we wouldn't have the ability to study the economy as a whole—which is something that affects almost every aspect of your life, whether you realize it or not. From your employment status to how much you earn and pay in taxes, macroeconomics really matters. Breaking down this complicated and fascinating topic into manageable pieces, Macroeconomics For Dummies gives you fast and easy access to a subject that has a tendency to stump the masses. With the help of this plain-English guide, you'll quickly find out how to gather data about economies to inform hypotheses on everything from the impact of cutting government spending to the underlying causes of recessions and high inflation. Analyze business cycles for overall economic health Study economic indicators such as unemployment Understand financial trends on the international market Score higher in your macroeconomics class Filled with step-by-step instruction and enlightening real-world examples, this is the only book you need to slay the beast and make macroeconomics your minion!
Macroeconomics
Language: en
Pages: 106
Authors: Peter Dorman
Categories: Business & Economics
Type: BOOK - Published: 2014-07-19 - Publisher: Springer
The world has changed dramatically in recent years and so has the field of economics, but many introductory economics textbooks have remained stuck in the past. This book provides a new beginning for the study of macroeconomics, fundamentally international in its approach and emphasizing current debates and research trends. The first, mostly descriptive half of the book presents the main macroeconomic and financial patterns observed across the world, the institutions that govern national economies and the policy options available to decision-makers. In the second half, different schools of thought in macroeconomics are introduced with an emphasis on their underlying assumptions, so that students can judge for themselves how well they apply in real-world situations. Throughout the book, the post-2007 financial crisis is a continuing focus and financial markets are fully integrated in the analysis. Policy debates are viewed in light of political economy considerations, both domestic and international. The book’s style focuses on in-depth explanations and supports teaching methodologies based on critical thinking and active learning, encouraging students to relate to current discussions, especially those taking place online.
Macroeconomics
Language: en
Pages: 810
Authors: Wendy Carlin, David Soskice
Categories: Business & Economics
Type: BOOK - Published: 2006 - Publisher: Oxford University Press
This volume provides a unified framework for the analysis of short- and medium-run macroeconomics. It develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives.