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Full Description
This EMEA edition of Robert Barro's popular text has been fully updated to reflect the macroeconomics of a post-financial crisis world. Starting with long-run macroeconomics, this text explores some of the key theories and models in macroeconomics such as the Keynesian model and the business-cycle model, finishing with extending the equilibrium model to the open economy. This exciting edition, which has been fully updated by Professor Angus Chu and Professor Guido Cozzi, provides an accurate and unified presentation of current macroeconomic thought whilst maintaining Professor Barro's original vision for his textbook.
Contents
PART 1 INTRODUCTION
1 Thinking about Macroeconomics
2 National-Income Accounting: Gross Domestic Product and the Price Level
PART 2 ECONOMIC GROWTH
3 Introduction to Economic Growth
4 Working with the Solow Growth Model
5 Conditional Convergence and Long-Run Economic Growth
PART 3 ECONOMIC FLUCTUATIONS
6 Macroeconomics without Microeconomic Foundations
7 Markets, Prices, Supply, and Demand
8 Consumption, Saving, and Investment
9 An Equilibrium Business-Cycle Model
10 Capital Utilization and Unemployment
PART 4 MONEY AND PRICES
11 The Demand for Money and the Price Level
12 Inflation, Money Growth, and Interest Rates
PART 5 THE GOVERNMENT SECTOR
13 Government Expenditure
14 Taxes
15 Public Debt
PART 6 MONEY AND BUSINESS CYCLES
16 Money and Business Cycles I: The Price-Misperceptions Model
17 Money and Business Cycles II: Sticky Prices and Nominal Wage Rates
PART 7 INTERNATIONAL MACROECONOMICS
18 World Markets in Goods and Credit
19 Exchange Rates
