Macroeconomics, 5th edition
Title overview
Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this fifth edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.
This book presents macroeconomics as an applied science designed to improve our understanding of current and past policy issues.
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The unique mix of theory, analysis and policy issues takes students from macroeconomic basics to cutting-edge research topics
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Includes case studies addressing major policy issues in detail, supported by a wealth of economic data
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Moves beyond standard intermediate macroeconomics content by discussing liquidity traps, quantitative easing, price bubbles, multiple equilibria, self-fulfilling prophecy, ratings agencies, debt brakes and austerity
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Self quizzes, road map, glossary and other content also available for mobile devices
Table of contents
- 1 Macroeconomic essentials
- 2 Booms and recessions (I): the Keynesian cross
- 3 Money, interest rates and the global economy
- 4 Exchange rates and the balance of payments
- 5 Booms and recessions (II): the national economy
- 6 Enter aggregate supply
- 7 Booms and recessions (III): aggregate supply and demand
- 8 Booms and recessions (IV): dynamic aggregate supply and demand
- 9 Economic growth (I): basics