Macroeconomics : a European text

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Bibliographic Information

Macroeconomics : a European text

Michael Burda and Charles Wyplosz

Oxford University Press, 1997

2nd ed

  • :hbk
  • :pbk

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Includes bibliographical references and index

Description and Table of Contents

Volume

:pbk ISBN 9780198774686

Description

Building upon the success of the first edition, this new edition of Macroeconomics: A European Text is fully revised and updated and provides a comprehensive analysis of modern macroeconomics within a European and global context. With an emphasis upon greater accessibility and clarity the text presents competing approaches in a balanced and lucid manner with continual reference to data and examples from the real world. This text is innovative in four important respects: - it offers a contemporary approach that incorporates the `new' macroeconomics and emphasises microeconomic foundations and intertemporal aspects - it progresses rapidly to an open economy analysis, which is directly relevant to modern European economies - it presents a truly international perspective, giving the student economic data, timely examples, and lively case studies taken from the European and global scene - it is written in a lucid style that guides the students to the frontiers of the subject The second edition has been substantially revised to take account of the changing European and global macroeconomic environment. Two new innovative chapters have been added. This book is intended for undergraduates taking the compulsory course in intermediate macroeconomics. Supplementary for students taking options in European economics or open economy macroeconomics.

Table of Contents

Part I: INTRODUCTION TO MACROECONOMICS. 1: What is Macroeconomics?. 2: Macroeconomic Accounts. Part II: THE REAL MACROECONOMY. 3: Intertemporal Budget Constraints. 4: Private Sector Demand: Consumption, Investment, and the Current Account. 5: Equilibrium Output and Growth. 6: Labour Markets and Equilibrium Unemployment. 7: The Real Exchange Rate. Part III: MONEY AND AGGREGATE DEMAND. 8: Money and the Demand for Money. 9: The Supply of Money and Monetary Policy. Part IV: MACROECONOMIC EQUILIBRIUM. 10: Output, Employment, and Prices. 11: Aggregate Demand and Output. Part V: INFLATION AND BUSINESS CYCLES. 12: Aggregate Supply and Inflation. 13: Aggregate Demand and Aggregate Supply. 14: Business Cycles. Part VI: MACROECONOMIC POLICY. 15: Fiscal Policy, Debt, and Seigniorage. 16: The Limits of Demand Management. 17: Supply-Side and Unemployment Policies. Part VII: FINANCIAL MARKETS AND THE EXCHANGE RATES. 18: Financial and Exchange Markets. 19: Exchange Rates in the Short Run. 20: The International Monetary System. 21: Policy Co-ordination and Exchange Rate Crises: the EMS and the EMU. References. Glossary. Index
Volume

:hbk ISBN 9780198774693

Description

Building upon the success of the first edition, this new edition of Macroeconomics: A European Text is fully revised and updated and provides a comprehensive analysis of macroeconomics within a European and global context. With an emphasis upon greater accessibility and clarity the text presents competing approaches in a balanced and lucid manner with continual reference to data and examples from the real world. This text is innovative in four important respects: - it offers a contemporary approach that incorporates the `new' macroeconomics and emphasises microeconomic foundations and intertemporal aspects - it progresses rapidly to an open economy analysis, which is directly relevant to modern European economics - it presents a truly international perspective, giving the student economic data, timely examples, and lively case studies taken from the European and global economic scene - it is written in a lucid style that guides the student to the frontiers of the subject The second edition has been substantially revised to take account of the changing European and global macroeconomic environment. Two new innovative chapters have been added. `Output Employment and Prices' introduces the classical general equilibrium model with flexible prices as the basis for the Keynesian model. `Business Cycles' provides and original account of the nature of output fluctuations, as well as a balanced presentation of competing sticky-price (new Keynesian) and real business cycle paradigms. There is also new material on growth and unemployment theory. Retained chapters have been re-written, tables and figures updated and new examples presented. The text provides excellent teaching and learning aids including chapter overviews and summaries, key concepts and end of chapter exercises. Each chapter also includes suggestions for further reading. The book is accompanied by a wide range of supplements to assist both tutor and student. This book is intended for second year undergraduates taking the compulsory course in intermediate macroeconomics. Supplementary for students taking options in European economics or open economy macroeconomics.

Table of Contents

I: INTRODUCTION TO MACROECONOMICS. 1: What is Macroeconomics?. 2: Macroeconomic Accounts. II: THE REAL MACROECONOMY. 3: Intertemporal Budget Constraints. 4: Private Sector Demand: Consumption, Investment, and the Current Account. 5: Equilibrium Output and Growth. 6: Labour Markets and Equilibrium Unemployment. 7: The Real Exchange Rate. III: MONEY AND AGGREGATE DEMAND. 8: Money and the Demand for Money. 9: The Supply of Money and Monetary Policy. IV: MACROECONOMIC EQUILIBRIUM. 10: Output, Employment, and Prices. 11: Aggregate Demand and Output. V: INFLATION AND BUSINESS CYCLES. 12: Aggregate Supply and Inflation. 13: Aggregate Demand and Aggregate Supply. 14: Business Cycles. VI: MACROECONOMIC POLICY. 15: Fiscal Policy, Debt, and Seigniorage. 16: The Limits of Demand Management. 17: Supply-Side and Unemployment Policies. VII: FINANCIAL MARKETS AND THE EXCHANGE RATES. 18: Financial and Exchange Markets. 19: Exchange Rates in the Short Run. 20: The International Monetary System. 21: Policy Co-ordination and Exchange Rate Crises: the EMS and the EMU. References. Glossary. Index

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