Macroeconomics, Global Edition - Theories and Policies

For courses in Intermediate Macroeconomics.
Macroeconomics traces the history, evolution, and challenges of Keynesian economics, presenting a comprehensive, detailed, and unbiased view of modern macroeconomic theory.
This book narrates the evolution of economic theory, presenting the most recent and modern developments, without glossing over the fundamental disagreements among macroeconomists on both theory and policy.

• Major theories are presented and compared.
• Important agreements and differences are discussed.
• Demonstrations of the controversies are presented, which centre on well-defined theoretical differences.

Many of the post-1970 developments in macroeconomics have been the result of dissatisfaction with the Keynesian theory and the policy prescriptions that follow from it. In order for students to understand the evolution of macroeconomics, the author presents the history of Keynesian thought by:

• Providing an up-to-date summary of the Keynesian position, including research that has come to be called the new Keynesian economics.
• Offering a detailed analysis of challenges to the Keynesian position.

List of contents

PART ONE: INTRODUCTION AND MEASUREMENT

1. 1: Introduction
2. 2: Measurement of Macroeconomic Variables

PART TWO: CLASSICAL ECONOMICS AND THE KEYNESIAN REVOLUTION

1. 3: Classical Macroeconomics (I): Equilibrium Output and Employment
2. 4: Classical Macroeconomics (II): Money, Prices, and Interest
3. 5: The Keynesian System (I):The Role of Aggregate Demand
4. 6: The Keynesian System (II): Money, Interest, and Income
5. 7: The Keynesian System (III): Policy Effects in the ISLM Model
6. 8: The Keynesian System (IV): Aggregate Supply and Demand

PART THREE: MACROECONOMIC THEORY AFTER KEYNES

1. 9: The Monetarist Counterrevolution
2. 10: Output, Inflation, and Unemployment: Alternative Views
3. 11: New Classical Economics
4. 12: Real Business Cycles and New Keynesian Economics
5. 13: Macroeconomic Models :A Summary

PART FOUR: OPEN ECONOMY MACROECONOMICS

1. 14: Exchange Rates and the International Monetary System
2. 15: Monetary and Fiscal Policy in the Open Economy

PART FIVE: ECONOMIC POLICY

1. 16: Money, the Banking System, and Interest Rates
2. 17: Optimal Monetary Policy
3. 18: Fiscal Policy

PART SIX: ECONOMIC GROWTH

1. 19: Policies for Intermediate-Run Growth
2. 20: Long-Run Economic Growth: Origins of the Wealth of Nations

Summary

For courses in Intermediate Macroeconomics.
Macroeconomics traces the history, evolution, and challenges of Keynesian economics, presenting a comprehensive, detailed, and unbiased view of modern macroeconomic theory.
This book narrates the evolution of economic theory, presenting the most recent and modern developments, without glossing over the fundamental disagreements among macroeconomists on both theory and policy.

• Major theories are presented and compared.
• Important agreements and differences are discussed.
• Demonstrations of the controversies are presented, which centre on well-defined theoretical differences.

Many of the post-1970 developments in macroeconomics have been the result of dissatisfaction with the Keynesian theory and the policy prescriptions that follow from it. In order for students to understand the evolution of macroeconomics, the author presents the history of Keynesian thought by:

• Providing an up-to-date summary of the Keynesian position, including research that has come to be called the new Keynesian economics.
• Offering a detailed analysis of challenges to the Keynesian position.

Product details

• Authors: Richard Froyen, Richard T. Froyen
• Publisher: Addison-Wesley Longman, Amsterdam
• Languages: English
• Product format: Hardback
• Released: 01.09.2012
• EAN: 9780273765981
• ISBN: 978-0-273-76598-1
• No. of pages: 432
• Dimensions: 204 mm x 257 mm x 16 mm
• Weight: 710 g
• Series: Global Edition; Always Learning; Pearson; Pearson; Always Learning; Global Edition
• Subject: Social sciences, law, business > Business > Economics