Macroeconomics: Theories and Policies

by Froyen, Richard T.

• ISBN13: 9780130328595
• ISBN10: 0130328596
• Edition: 7th
• Format: Hardcover
• Copyright: 2002-01-01
• Publisher: PRENTICE HALL

Summary

This book traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. Starting with classical economics and the Keynesian revolution, this book explores the macroeconomic theory after Keynes, open economy macroeconomics, economic policy, and sectoral functions. Financial officers and professionals making pecuniary decisions and analyses.

Table of Contents

Preface	xvii
Part I: Introduction and Measurement	1	(34)
Introduction	3	(12)
Measurement of Macroeconomic Variables	15	(20)
Part II: Macroeconomic Models	35	(270)
Classical Macroeconomics (I): Equilibrium Output and Employment	37	(23)
Classical Macroeconomics (II): Money, Prices, and Interest	60	(20)
The Keynesian System (I): The Role of Aggregate Demand	80	(31)
The Keynesian System (II): Money, Interest, and Income	111	(42)
The Keynesian System (III): Policy Effects in the IS-LM Model	153	(25)
The Keynesian System (IV): Aggregate Supply and Demand	178	(38)
The Monetarist Counterrevolution	216	(22)
Output, Inflation, and Unemployment: Alternative Views	238	(21)
New Classical Economics	259	(21)
Real Business Cycles and New Keynesian Economics	280	(18)
Macroeconomic Models: A Summary	298	(7)
Part III: Open Economy Macroeconomics	305	(56)
Exchange Rates and the International Monetary System	307	(34)
Monetary and Fiscal Policy in the Open Economy	341	(20)
Part IV: Economic Policy	361	(68)
The Money Supply Process	363	(22)
Monetary Policy	385	(21)
Fiscal Policy	406	(23)
Part V: Extensions of the Models	429	(80)
Long- and Intermediate-Term Economic Growth	431	(31)
Consumption and Investment	462	(25)
Money Demand	487	(22)
Glossary	509	(6)
Index	515