In this second Australian edition, the authors introduce new material whilst maintaining their core approach of promoting a solid grounding in basic macroeconomic principles. It is a book to train students to think critically and analytically. Economic issues and principles are introduced through simple examples, and then repeated and reinforced through illustrations, examples and background briefs. An essential text for introductory courses in macroeconomics.
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The authors introduce new material whilst maintaining their core approach of promoting a solid grounding in basic macroeconomic principles. Economic issues and principles are introduced through simple examples, and then repeated and reinforced through illustrations, examples and background briefs.
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Part 1: Core Principles of Economics
1. Economics and the market
2. Comparative advantage: the basis for trade
Part 2: Issues in Macroeconomics
3. Measuring macroeconomic performance: output and prices
4. Measuring macroeconomic performance: savings and wealth
5. Measuring macroeconomic performance: unemployment and the labour market
Part 3: Short-run Macroeconomics: The Analysis of the Business Cycle
6. Short-run economic fluctuations
7. Spending and output in the short run
8. Fiscal policy
9. Money, prices and the Reserve Bank
10. The Reserve Bank and the economy
11. The aggregate demand aggregate supply model
Part 4: Long-run Macroeconomics: The Analysis of Economic Growth
12. The economy in the long run: an introduction to economic growth
13. The production function approach to understanding growth
14. Savings, capital formation and comparative economic growth
Part 5: Open Economy Macroeconomics
15. An introduction to the open economy
16. Exchange rates and the open economy
17. The balance of payments-net exports and international capital flows
Part 6: Concluding Thoughts
18. Macroeconomics: what have we learnt?
Appendix A: Answers to in-chapter exercisesGlossaryIndex
1. Economics and the market
2. Comparative advantage: the basis for trade
Part 2: Issues in Macroeconomics
3. Measuring macroeconomic performance: output and prices
4. Measuring macroeconomic performance: savings and wealth
5. Measuring macroeconomic performance: unemployment and the labour market
Part 3: Short-run Macroeconomics: The Analysis of the Business Cycle
6. Short-run economic fluctuations
7. Spending and output in the short run
8. Fiscal policy
9. Money, prices and the Reserve Bank
10. The Reserve Bank and the economy
11. The aggregate demand aggregate supply model
Part 4: Long-run Macroeconomics: The Analysis of Economic Growth
12. The economy in the long run: an introduction to economic growth
13. The production function approach to understanding growth
14. Savings, capital formation and comparative economic growth
Part 5: Open Economy Macroeconomics
15. An introduction to the open economy
16. Exchange rates and the open economy
17. The balance of payments-net exports and international capital flows
Part 6: Concluding Thoughts
18. Macroeconomics: what have we learnt?
Appendix A: Answers to in-chapter exercisesGlossaryIndex
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Produktdetaljer
ISBN
9780070135277
Publisert
2008-07-16
Utgave
2. utgave
Utgiver
Vendor
McGraw-Hill Education / Australia
Vekt
3 gr
Høyde
102 mm
Bredde
82 mm
Dybde
8 mm
Aldersnivå
05, U
Språk
Product language
Engelsk
Format
Product format
Heftet