Macroeconomics: Understanding the Global Economy

ISBN-13: 9781119995715 / Angielski / Miękka / 2012 / 624 str.

Miles, David

Opis

Macroeconomics: Understanding the Global Economy, 3^rd 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, 3^rd Edition adopts a very international focus.

Recenzje

Reviews of the 2nd Edition: "..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.."Management Today, December 2001"..an original and interesting macroeconomics text. It is a self-contained volume which any student and teacher of economics within the higher education sector will find extremely useful..."Economic Outlook and Business Review, Issue 17, Vol 1, March 2002"Macro textbooks tend to run in 2 flavours: 1). the highly technical and mathematical, where for most students the effort to read the book obscures the actual learning 2). the trivial and simplistic. This book by Miles and Scott manages to avoid either pitfall. Mathematics is kept to a minimum (there is no differential calculus in the main body of the text) and the focus is on logical analysis and presentation of data.The book manages to be straightforward without being simplistic. Very few economics textbooks, in my experience, manage that trick."Amazon.co.uk"I always thought I would be bored to death by a book on macroeconomics. I was wrong. This is an interesting and suprisingly readable guide to macroeconomics. The many graphics are very clear and complement the text very nicely. I particularly liked the blue appendices highlighting some key relavent issue. For example "Why is Africa so poor?" was a clear account of a very timely issue. I wholeheartedly recommend this to anyone with even a passing interest in the subject.BUY IT"Amazon.co.uk"This book is quite simply excellent. Clear yet thorough explanations of all aspects of your typical first university module in Macroeconmics. A must read for anyone studying Economics or Finance."Amazon.co.uk

Spis treści

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