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Macroeconomicsprovides a comprehensive analsysis of contemporary macroeconomics. It analyses different theoretical approaches and contextualises theory with up-to-date monetary policy examples. These fully reflect the fall out from the global financial crisis. This text explains the modern approach to macroeconomics with simplicity and rigour, while retaining the focus on the special aspects of the European economy. Online Resource Centre: Student Resources: Sample exam questions Multiple choice questions Review questions Web appendices Web links Concepts & issues Data bank (new) Lecturer Resources: Case studies Excel exercises Animated figures Lecture plans PPTs Revision questions Solutions to end-of-chapter exercises Test bank VLE cartridge
Table of Contents
Part I: Introduction to Macroeconomics 1. What is Macroeconomics? 2. Macroeconomic Accounts Part II: The Macroeconomy in the Long Run 3. The Fundamentals of Economic Growth 4. Explaining Economic Growth in the Long Run 5. Labour Markets and Unemployment 6. Money, Prices, and Exchange Rates in the Long Run Part III: The Macroeconomy in the Short Run 7. Borrowing, Lending, and Budget Constraints 8. Private Sector Demand: Consumption and Investment 9. Money and Monetary Policy 10. Macroeconomic Equilibrium in the Short Run 11. International Capital Flows and Macroeconomic Equilibrium 12. Output, Employment, and Inflation 13. Aggregate Demand and Aggregate Supply 14. Asset Markets 15. The Exchange Rate Part IV: Macroeconomic Policy in a Global Economy 16. Demand Management Policies 17. Fiscal Policy, Debt, and Seigniorage 18. Policies for the Long Run 19. The Architecture of the International Monetary System 20. Epilogue