|
Hurry - Only 2 left in stock!
|
This book aims to provide a concise yet rigorous discussion of major issues in modern macroeconomics, in particular in relation to the controversy over the role and conduct of macroeconomic stabilization policy, for students taking intermediate level undergraduate courses in macroeconomics. While the book is written in such a way as to allow students to read individual chapters in isolation, according to their interests and needs, the book follows a structured direction. After providing a review of mainstream macro-models and schools of thought in Chapter 1, subsequent chapters focus on selected key controversies surrounding the balance of payments and exchange rates (Chapter 2); inflation and unemployment (Chapter 3); money and economic activity (Chapter 4); fiscal policy and aggregate demand (Chapter 5) and business cycles (Chapter 6).
This book aims to provide a concise yet rigorous discussion of major issues in modern macroeconomics, in particular in relation to the controversy over the role and conduct of macroeconomic stabilization policy, for students taking intermediate level undergraduate courses in macroeconomics. While the book is written in such a way as to allow students to read individual chapters in isolation, according to their interests and needs, the book follows a structured direction. After providing a review of mainstream macro-models and schools of thought in Chapter 1, subsequent chapters focus on selected key controversies surrounding the balance of payments and exchange rates (Chapter 2); inflation and unemployment (Chapter 3); money and economic activity (Chapter 4); fiscal policy and aggregate demand (Chapter 5) and business cycles (Chapter 6).
Part 1 Mainstream macro-models and schools of thought: mainstream macro-modesl; mainstream schools of thought. Part 2 The balance of payments and exchange rates: the Mundell-Fleming - Keynesian model under fixed exchange rates; the monetary approach to the balance of payments under fixed exchange rates; the Mundell-Fleming - Keynesian model under flexible exchange rates; the monetary approach under flexible exchange rates; exchange rate models and overshooting. Part 3 Inflation and unemployment: the Phillips curve; the expectations-augmented Phillips curve; policy implications. Part 4 Money and economic activity: monetary policy in the IS-LM model; the determination of the money supply; the demand for money; the transmission mechanism; empirical evidence on the demand for money. Part 5 Fiscal policy and aggregate demand: Keynesian view; monetarist view; the government budget constraint and the controversy over the power of fiscal policy; crowding-out in the AD-AS model. Part 6 Business cycles: the nature of the business cycle; early theories of the business cycle; the equilibrium business cycle; the political business cycle.
Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School and John L. Thompson, Reader in Finance, Liverpool John Moores University, UK
'. . . usefully recommended as an additional reading for
intermediate undergraduate courses.'
*Pasquale Scaramozzino, The Economic Journal*
|
Ask a Question About this Product More... |
|
