Macroeconomics simplified : understanding Keynesian and neoclassical macroeconomic systems

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Bibliographic Information

Macroeconomics simplified : understanding Keynesian and neoclassical macroeconomic systems

Nicoli Nattrass, G. Visakh Varma

SAGE, 2014

  • : pbk

Available at  / 5 libraries

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Includes bibliographical references and index

Description and Table of Contents

Description

Macroeconomics Simplified explains the intuition behind Keynesian and neoclassical macroeconomics using graphs and simple algebra. It provides students with a strong conceptual basis for understanding the tension between Keynesian and neoclassical systems that has once again came to the forefront since the 2007-08 financial crisis. The book shows how theoretical perspectives affect macroeconomic policy choices and proposes a pragmatic approach to policy that is sensitive to prevailing economic conditions. Students of economics and business alike will enjoy its concise and engaging analysis and find the applications and references to the Indian economy helpful.

Table of Contents

Acknowledgements Introduction The National Accounts The Neoclassical Macro Model The Simple Keynesian Model Investment and Interest Rates The IS-LM Model Fiscal and Monetary Policies in the IS-LM Model The Aggregate Supply and Demand Model Introducing the Open Economy Credit and Crisis: An Epilogue Index

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