Macroeconomics : Theories and Policies

by Froyen, Richard T

• ISBN13: 9780131435827
• ISBN10: 0131435825
• Edition: 8th
• Format: Hardcover
• Copyright: 2009-01-01
• 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

Introduction And Measurement

Introduction

Measurement of Macroeconomic Variables

Macroeconomics Models

Classical Macroeconomics (I): Equilibrium Output and Employment

Classical Macroeconomics (II): Money, Prices, and Interest

The Keynesian System (I): The Role of Aggregate Demand

The Keynesian System (II): Money, Interest, and Income

The Keynesian System (III): Policy Effects in the IS-LM Model

The Keynesian System (IV): Aggregate Supply and Demand

The Monetarist Counterrevolution

Output, Inflation and Unemployment: Monetarist and Keynesian Views

New Classical Economics

Real Business Cycles and New Keynesian Economics

Macroeconomic Models: A Summary

Open Economy Macroeconomics

Exchange Rates and the International Monetary System

Monetary and Fiscal Policy in the Open Economy

Economic Policy

The Money Supply Process

Monetary Policy

Fiscal Policy

Extensions Of The Models

Long- and Intermediate-Term Economic Growth

Consumption and Investment

Money Demand

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