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Full Description
Macroeconomics: Understanding the Global Economy, 3rd Edition is to help students - and indeed anyone - understand contemporary and past economic events that shape the world we live in, and at a sophisticated level. But it does so without focusing on mathematical techniques and models for their own sake. Theory is taken seriously - so much so that the authors go to pains to understand the key aspects of theories in a way that will not put people off before they see how theories are useful to analyse issues. The authors believe that theories are essential to better understand the world, thus the book includes a wealth of historic and current episodes and data to both see how theories can help interpret the world and also to judge their validity.
Economies today are very inter-connected; what happens in China matters pretty much everywhere; and what happens in one (even small) country in the euro zone has implications for the whole euro area and beyond, consequently Macroeconomics, 3rd Edition adopts a very international focus.
Contents
Preface Part One. Introduction
Chapter 1. What Is Macroeconomics?
Chapter 2. The Language of Macroeconomics: The National Income Accounts
Part Two. Economic Growth and The Supply Side
Chapter 3. The Wealth of Nations: The Supply Side
Chapter 4. Capital Accumulation and Economic Growth
Chapter 5. Total Factor Productivity, Human Capital and Technology
Chapter 6. Endogenous Growth and Convergence
Chapter 7. Unemployment and the Labour Market
Chapter 8. International Trade
Chapter 9. Globalization
Part Three. Business Cycles and Economic Policy
Chapter 10. Consumption and Investment
Chapter 11. Business Cycles
Chapter 12. Money and Prices
Chapter 13. Monetary Policy
Chapter 14. Fiscal Policy and the Role of Government
Chapter 15. Stabilization Policy
Part Four. Asset Markets and the Financial Sector
Chapter 16. Financial Markets: Equities and Bonds
Chapter 17. The Banking Sector
Chapter 18. Sovereign Debt and Default
Part Five. Exchange Rates and Global Capital Markets
Chapter 19. Exchange Rate Determination I: The Real Exchange Rate
Chapter 20. Exchange Rate Determination II: Nominal Exchange Rates and Asset Markets
Chapter 21. Currency Crises and Exchange Rate Systems
Glossary
Notes
Index
