Macroeconomics : Theories and Policies

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  • Edition: 8th
  • Format: Hardcover
  • Copyright: 2009-01-01
  • Publisher: Prentice Hall
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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
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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