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.
Errol D'Souza's Macroeconomics helps students realize the connections between theoretical frameworks and the actual behaviour of the economy; enables instructors to teach macroeconomics concepts within the context of both the Indian and global economy; and provides policymakers with material from current research in macroeconomics. The focus of the book rests on the analysis of macroeconomic thought in terms of the intuition and underlying logic that forms its basis. This book has been designed to help readers think independently about real-world situations, by helping them master the basic technical tools that enable them to do this. At a conceptual level, the book focuses on the most current and relevant issues, while also understanding the fluidity of the subject.
Release on 2015-01-01 | by William Boyes,Michael Melvin
Author: William Boyes,Michael Melvin
Pubpsher: Cengage Learning
Category: Business & Economics
Equip your students with a solid global understanding of macroeconomic principles as you introduce the latest thinking of economists on important macroeconomic phenomena with Boyes/Melvin's MACROECONOMICS, 10E. Now you can clearly illustrate the connections between key macroeconomic principles and actual business practices with this book's reader-friendly approach, carefully integrated learning features, memorable examples, and unique global emphasis. Timely revisions and the latest macroeconomic statistics ensure you are teaching using the most recent data and developments. Revised macroeconomics materials emphasize the fundamentals and the practical application of concepts to current events. New macroeconomics coverage highlights the recent financial crisis and its global implications. Your students gain in-depth understanding of globalization and its impact on economic growth and poverty. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Release on 1997 | by Robert J. Barro,Robert Joseph Barro
Author: Robert J. Barro,Robert Joseph Barro
Pubpsher: MIT Press
Category: Business & Economics
This latest edition of Robert J. Barro's established microeconomics textbook presents the most recent theoretical and empirical developments in economic growth, and recent evidence on the macroeconomics labour markets and public finance.