Macroeconomics : an open economy approach

Bibliographic Information

Macroeconomics : an open economy approach

Eric J. Pentecost

Macmillan , St. Martin's Press, 2000

  • : uk : hardcover
  • : uk : pbk
  • : us

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Note

Bibliography: p. 396-407

Includes indexes

Description and Table of Contents

Volume

: uk : hardcover ISBN 9780333573297

Description

Dealing entirely with open economy macroeconomics, this text reflects a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It provides an exposition and evaluation of the three main macroeconomic models, the income expenditure model, the IS LM model and the AD AS model, in addition to the application to real world issues and policy. Finally the AD AS framework provides an opportunity for examining recent controversies concerning the supply side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications. An instructor's manual, containing lecture notes, overhead transparency masters and solutions to end of chapter questions, is available free of charge to adopting lecturers via the Macmillan Press website.

Table of Contents

PART 1: BACKGROUND - The Origins and Development of Macroeconomics - The Social Framework for National Income Accounting - Basic Concepts and Methods of Macroeconomics - PART 2: THE INCOME-EXPENDITURE FRAMEWORK - The Income-Expenditure Model and Goods Market Equilibrium - Fiscal Policy and Devaluation Analysis - Consumption - Investment - PART 3: THE IS-LM FRAMEWORK - Financial Assets, Asset Market Equilibrium and Monetary Policy - The Short Run IS-LM Model of Economic Policy - The Government Budget Constraint and the Financing of Fiscal Policy - The Demand for Money - PART 4: THE AGGREGATE DEMAND AND AGGREGATE SUPPLY FRAMEWORK - The Classical Theory of the Labour Market and Aggregate Supply - The Keynesian Theory of Aggregate Supply and Supply Shocks - The AD-AS Model of Economic Policy - The New Keynesian Theories of Sticky Wages and Unemployment - PART 5: MACROECONOMIC POLICY - Economic Growth and Technical Progress - Business Cycles - Inflation - The Dynamic Theory of Macroeconomic Policy
Volume

: uk : pbk ISBN 9780333573303

Description

This new Macroeconomics text deals entirely with Open Economy Macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It is also distinctive in providing an exposition and evaluation of the three main macroeconomic models, the income-expenditure model, the IS-LM model and the AD-AS model, in addition to the application to real world issues and policy. Finally the AD-AS framework provides an opportunity for examining recent controversies concerning the supply-side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications.

Table of Contents

PART 1: BACKGROUND.- The Origins and Development of Macroeconomics.- The Social Framework for National Income Accounting.- Basic Concepts and Methods of Macroeconomics.- PART 2: THE INCOME-EXPENDITURE FRAMEWORK.- The Income-Expenditure Model and Goods Market Equilibrium.- Fiscal Policy and Devaluation Analysis.- Consumption.- Investment.- PART 3: THE IS-LM FRAMEWORK.- Financial Assets, Asset Market Equilibrium and Monetary Policy.- The Short Run IS-LM Model of Economic Policy.- The Government Budget Constraint and the Financing of Fiscal Policy.- The Demand for Money.- PART 4: THE AGGREGATE DEMAND AND AGGREGATE SUPPLY FRAMEWORK.- The Classical Theory of the Labour Market and Aggregate Supply.- The Keynesian Theory of Aggregate Supply and Supply Shocks.- The AD-AS Model of Economic Policy.- The New Keynesian Theories of Sticky Wages and Unemployment.- PART 5: MACROECONOMIC POLICY.- Economic Growth and Technical Progress.- Business Cycles.- Inflation .- The Dynamic Theory of Macroeconomic Policy.

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Details

  • NCID
    BA46866663
  • ISBN
    • 0333573293
    • 0333573307
    • 031223368X
  • LCCN
    00021166
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Basingstoke,New York
  • Pages/Volumes
    xi, 414 p.
  • Size
    26 cm
  • Classification
  • Subject Headings
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