Macroeconomics: An Open Economy Approach

ISBN-13: 9780333573303 / Angielski / Miękka / 2000 / 414 str.

Eric Pentecost

Opis

This new Macroeconomics text deals entirely with Open Economy Macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It is also distinctive in providing an exposition and evaluation of the three main macroeconomic models, the income-expenditure model, the IS-LM model and the AD-AS model, in addition to the application to real world issues and policy. Finally the AD-AS framework provides an opportunity for examining recent controversies concerning the supply-side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications.
An Instructor's Manual, containing lecture notes, overhead transparency masters and solutions to end of chapter questions, will be available free of charge to adopting lecturers via the Palgrave website at www.palgrave.com

Spis treści

PART 1: BACKGROUND.- The Origins and Development of Macroeconomics.- The Social Framework for National Income Accounting.- Basic Concepts and Methods of Macroeconomics.- PART 2: THE INCOME-EXPENDITURE FRAMEWORK.- The Income-Expenditure Model and Goods Market Equilibrium.- Fiscal Policy and Devaluation Analysis.- Consumption.- Investment.- PART 3: THE IS-LM FRAMEWORK.- Financial Assets, Asset Market Equilibrium and Monetary Policy.- The Short Run IS-LM Model of Economic Policy.- The Government Budget Constraint and the Financing of Fiscal Policy.- The Demand for Money.- PART 4: THE AGGREGATE DEMAND AND AGGREGATE SUPPLY FRAMEWORK.- The Classical Theory of the Labour Market and Aggregate Supply.- The Keynesian Theory of Aggregate Supply and Supply Shocks.- The AD-AS Model of Economic Policy.- The New Keynesian Theories of Sticky Wages and Unemployment.- PART 5: MACROECONOMIC POLICY.- Economic Growth and Technical Progress.- Business Cycles.- Inflation .- The Dynamic Theory of Macroeconomic Policy.

O autorze

ERIC PENTECOST is Reader in the Department of Economics at Loughborough University

Blurb

This new Macroeconomics text deals entirely with Open Economy Macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It is also distinctive in providing an exposition and evaluation of the three main macroeconomic models, the income-expenditure model, the IS-LM model and the AD-AS model, in addition to the application to real world issues and policy. Finally the AD-AS framework provides an opportunity for examining recent controversies concerning the supply-side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications.
Also available is a companion website with extra features to accompany the text, please take a look by clicking below -
http://www.palgrave.com/economics/pentecost/