9781119995722

Macroeconomics: Understanding the Global Economy

by ; ;
  • ISBN13:

    9781119995722

  • ISBN10:

    1119995728

  • Edition: 3rd
  • Format: Hardcover
  • Copyright: 5/15/2012
  • Publisher: John Wiley & Sons Inc
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List Price: $89.95

Summary

A revised and updated edition of a very successful macroeconomics textbook. The authors deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real-world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it.

Table of Contents

Preface xv

PART ONE INTRODUCTION

Chapter 1 What Is Macroeconomics? 3

Chapter 2 The Language of Macroeconomics: The National Income Accounts 12

PART TWO ECONOMIC GROWTH AND THE SUPPLY SIDE

Chapter 3 The Wealth of Nations: The Supply Side 37

Chapter 4 Capital Accumulation and Economic Growth 59

Chapter 5 Total Factor Productivity, Human Capital and Technology 85

Chapter 6 Endogenous Growth and Convergence 104

Chapter 7 Unemployment and the Labour Market 130

Chapter 8 International Trade 157

Chapter 9 Globalization 185

PART THREE BUSINESS CYCLES AND ECONOMIC POLICY

Chapter 10 Consumption and Investment 211

Chapter 11 Business Cycles 250

Chapter 12 Money and Prices 282

Chapter 13 Monetary Policy 314

Chapter 14 Fiscal Policy and the Role of Government 344

Chapter 15 Stabilization Policy 364

PART FOUR ASSET MARKETS AND THE FINANCIAL SECTOR

Chapter 16 Financial Markets: Equities and Bonds 395

Chapter 17 The Banking Sector 429

Chapter 18 Sovereign Debt and Default 451

PART FIVE EXCHANGE RATES AND GLOBAL CAPITAL MARKETS

Chapter 19 Exchange Rate Determination: The Real Exchange Rate 475

Chapter 20 Exchange Rate Determination: Nominal Exchange Rates and Asset Markets 503

Chapter 21 Currency Crises and Exchange Rate Systems 529

Glossary 559

Notes 571

Index 577

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