Macroeconomics A European Text

by Burda, Michael; Wyplosz, Charles

• ISBN13: 9780198776505
• ISBN10: 0198776500
• Edition: 3rd
• Format: Paperback
• Copyright: 2002-04-18
• Publisher: Oxford University Press

Summary

Building upon the success of previous editions, Macroeconomics 3/e provides a comprehensive analysis of modern macroeconomics within a global context. Competing theoretical approaches are presented in a clear and balanced manner with continual reference to data and case study examples from the real world. The excellent teaching and learning aids include chapter overviews, summaries of key concepts, end of chapter exercises, and suggestions for further reading for each chapter. Completely revised and updated, this new edition contains new material on economic growth, labour markets and unemployment, money supply, inflation, financial and exchange markets, and supply side policies.

Author Biography

Michael Burda is Professor of Macroeconomics and Labour Economics at the Humboldt-Universitaet, Berlin, and has published research relating to the labour markets of both Western and Eastern Europe. Charles Wyplosz is at the Graduate Institute of International Studies, University of Geneva. His research is on exchange rates and macroeconomic policies. He is a frequent adviser to governments and international organizations.

Table of Contents

List of Figures	xxv
List of Tables	xxxi
List of Boxes	xxxiv
Part I Introduction to Macroeconomics	1	(40)
What is Macroeconomics?	3	(16)
Macroeconomic Accounts	19	(22)
Part II The Real Macroeconomy	41	(128)
Economic Growth	43	(26)
Labour Markets and Unemployment	69	(30)
Intertemporal Budget Constraints	99	(24)
Private Sector Demand: Consumption and Investment	123	(28)
The Real Exchange Rate	151	(18)
Part III Money	169	(52)
Money and the Demand for Money	171	(26)
The Supply of Money and Monetary Policy	197	(24)
Part IV Macroeconomic Equilibrium	221	(56)
Output, Employment, and Prices	223	(24)
Aggregate Demand and Output	247	(30)
Part V Inflation and Business Cycles	277	(84)
Aggregate Supply and Inflation	279	(22)
Aggregate Demand and Aggregate Supply	301	(28)
Business Cycles	329	(32)
Part VI Macroeconomic Policy	361	(100)
Fiscal Policy, Debt, and Seigniorage	363	(22)
The Limits of Demand Management	385	(26)
Supply-Side Policy	411	(28)
Economic Growth: Theory and Policy	439	(22)
Part VII Asset Markets and International Financial Architecture	461	(70)
Asset Markets and Macroeconomics	463	(34)
The Architecture of the International Monetary System	497	(34)
References	531	(2)
Glossary	533	(13)
Solutions to even-numbered exercises	546	(9)
Index	555