Macroeconomics. Understanding the Global Economy. 3rd Edition

  • ID: 2252004
  • Book
  • Region: Global
  • 622 Pages
  • John Wiley and Sons Ltd
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Macroeconomics: Understanding the Global Economy, 3rd Edition   is to help students and indeed anyone understand contemporary and past economic events that shape the world we live in, and at a sophisticated level.  But it does so without focusing on mathematical techniques and models for their own sake.

Theory is taken seriously so much so that the authors go to pains to understand the key aspects of theories in a way that will not put people off before they see how theories are useful to analyse issues.  The authors believe that theories are essential to better understand the world, thus the book includes a wealth of historic and current episodes and data to both see how theories can help interpret the world and also to judge their validity.

Economies today are very inter–connected; what happens in China matters pretty much everywhere; and what happens in one (even small) country in the euro zone has implications for the whole euro area and beyond, consequently Macroeconomics, 3rd Edition adopts a very international focus.

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Preface

Part One. Introduction

Chapter 1. What Is Macroeconomics?

Chapter 2. The Language of Macroeconomics: The National Income Accounts

Part Two. Economic Growth and The Supply Side

Chapter 3. The Wealth of Nations: The Supply Side

Chapter 4. Capital Accumulation and Economic Growth

Chapter 5. Total Factor Productivity, Human Capital and Technology

Chapter 6. Endogenous Growth and Convergence

Chapter 7. Unemployment and the Labour Market

Chapter 8. International Trade

Chapter 9. Globalization

Part Three. Business Cycles and Economic Policy

Chapter 10. Consumption and Investment

Chapter 11. Business Cycles

Chapter 12. Money and Prices

Chapter 13. Monetary Policy

Chapter 14. Fiscal Policy and the Role of Government

Chapter 15. Stabilization Policy

Part Four. Asset Markets and the Financial Sector

Chapter 16. Financial Markets: Equities and Bonds

Chapter 17. The Banking Sector

Chapter 18. Sovereign Debt and Default

Part Five. Exchange Rates and Global Capital Markets

Chapter 19. Exchange Rate Determination I: The Real Exchange Rate

Chapter 20. Exchange Rate Determination II: Nominal Exchange Rates and Asset Markets

Chapter 21. Currency Crises and Exchange Rate Systems

Glossary

Notes

Index 

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David Miles
Andrew Scott
Francis Breedon
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