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.
Les mer
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
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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

Biografisk notat

Associate Professor Olekalns received his B.Ec. with Honours in economics from the University of Adelaide in 1982 and completed an M.Ec. at the Australian National University in 1984. He was awarded his Ph.D. in economics in 1993 from LaTrobe University. He began teaching in the Department of Economics at the University of Melbourne in 1994 where, for the last six years, he has lectured to first year students in Macroeconomics. He has been a visiting scholar at the International Monetary Fund, a guest lecturer at the Monetary Authority of Singapore and an invited lecturer for the Australian and New Zealand School of Government. Associate Professor Olekalns has published on a variety of macroeconomic topics including fiscal and monetary policies, exchange rates, output and inflation volatility, and interest rates. He has also written articles on applied microeconomics including an analysis of the impact of anti-smoking policies in Australia that was awarded the Economic Society of Australias prize for the best paper published in the Economic Record in 2000. His papers have appeared in The Journal of Political Economy, The Review of Economics and Statistics, The Journal of Macroeconomics, The Journal of International Money and Finance, the Southern Economic Journal, The Economic Record, as well as many other international journals. He has also received numerous awards for his teaching including the inaugural Edward Wood Prize for Teaching Excellence. He is also currently the Director of the Centre for Macroeconomics at the University of Melbourne. Robert H. Frank received his M.A. in statistics from the University of California at Berkeley in 1971, and his Ph.D. in economics in 1972, also from U.C. Berkeley. He is the Goldwin Smith Professor of Economics at Cornell University, where he has taught since 1972 and where he currently holds a joint appointment in the department of economics and the Johnson Graduate School of Management. He has published on a variety of subjects, including price and wage discrimination, public utility pricing, the measurement of unemployment spell lengths, and the distributional consequences of direct foreign investment. For the past several years, his research has focused on rivalry and cooperation in economic and social behaviour.