Why have some countries experienced rapid growth in incomes over the past century while others stay mired in poverty? Why do some countries have high rates of inflation while others maintain stable prices? Why do all countries experience recessions and depressions—recurrent periods of falling incomes and rising unemployment—and how can government policy reduce the frequency and severity of these episodes? Macroeconomics, the study of the economy as a whole, attempts to answer these and many related questions.
Mankiw's masterful text covers the field as accessibly and concisely as possible, in a way that emphasizes the relevance of macroeconomics's classical roots and its current practice. Featuring the latest data, new case studies focused on recent events, and a number of significant content updates, the Seventh Edition takes the Mankiw legacy even further. It offers the clearest, most up-to-date, most accessible course in macroeconomics in the most concise presentation possible.
Prices are of great importance in macroeconomics as indeed they are in microeconomics. However, in
microeconomics we are more interested in prices of individual goods and services and such prices are
rarely important for the economy as a whole although there are exceptions (for example, the price of
oil). In macroeconomics we are more interested in how prices change on average. We define the price
level as a weighted average of several different prices.
This text offers business school students an excellent practical explanation of the short-term linkages in the macroeconomic arena. While the underlying theoretical constructs are not ignored, emphasis is placed on the empirical underpinnings and managerial implications of macroeconomics. The text begins by introducing key concepts such as the GDP, National and Personal Income, and the various measures of inflation and unemployment.
PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched
This book was written to complete the curriculum requirement of the Master’s of Macroeconomics
degree. Macroeconomics is a very practical subject and can be very useful for policy making. Domestic
and international economies are subjected to variations in savings, income, exchange rates, as well as
interest rates and the balance of payments. This book attempts to explain the domestic and international
factors responsible for creating the equilibrium of the balance of payments, interest rates and inflation....
THE EFFECTS OF MACROECONOMIC UNCERTAINTY ON IRREVERSIBLE INVESTMENT Peer group and, by extension, average student
performance are endogenous to unobserved determinants of housing prices. One
estimation strategy that accommodates this endogeneity is that taken by Bayer, McMillan,
and Reuben (2002), who estimate a structural model for housing prices and community
composition in San Francisco.
This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution.Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios.
This is the fourth edition of Professor Lindauer's early ground-breaking Macroeconomics series. It holds reader interest because it constantly relates the concepts of modern macroeconomics to today's "Great Recession" and the policies and conditions that brought it about and are needed to end it. In so doing it explains why not all Keynesian and neo-classical theory and monetary and fiscal policies are applicable to the unique structure and institutions of the United States and how the current recession can be quickly ended -...
Principles of Macroeconomics: Chapter 11 - Measuring the Cost of Living presents objectives how Consumer Price Index (CPI)is defined and calculated, problems in measuring the cost of living, use the CPI to compare dollar amounts from different years, correct interest rate for inflation.
Principles of Macroeconomics: Chapter 12 - Production and Growth presents Economic growth around the world, productivity’s role, the factors that determine a country’s productivity, economic growth and public policy.
Nhằm giúp các bạn củng cố lại kiến thức đã học và có thêm tài liệu phục vụ nhu cầu học tập và ôn thi về kinh tế vĩ mô, mời các bạn cùng tham khảo nội dung tài liệu "Chapter 36: Five debates over macroeconomic policy. Hy vọng tài liệu sẽ giúp các bạn tự tin hơn trong kỳ thi sắp tới.
In this chapter you will build a model to explain an open economy’s trade balance and exchange rate, use the model to analyze the effects of government budget deficits, use the model to analyze the macroeconomic effects of trade policies, use the model to analyze political instability and capital flight.
Chapter 1 - The nature and method of economics. In this chapter you will learn: The definition of economics, about the economic way of thinking, how economists construct theories, the distinction between microeconomics and macroeconomics, the pitfalls to objective thinking.
Chapter 15 - Long run macroeconomic adjustments. After studying this chapter you will be able to understand: To apply the long-run AD-AS model, about the inflation-unemployment relationship, about the effects of taxation on aggregate supply.
Chapter 12 - The financial sector and the economy. After reading this chapter, you should be able to: Discuss the functions and measures of money, define banks and explain how they create money, explain why the financial sector is so important to macroeconomic debates, explain the role of interest rates in an economy.
Chapter 22 - Macro policy in developing countries. After reading this chapter, you should be able to: State some comparative statistics on rich and poor countries, differentiate growth from development and explain how those differences affect macroeconomic policy, explain the particular problems of monetary policy in a developing country context, list seven obstacles facing developing countries.
In this chapter students will be able to: Define the basic vocabulary of macroeconomics, describe how the economy is measured; describe how gross domestic product, our national measure of output, is calculated; calculate inflation using a price index; describe real gross domestic product as the inflation-adjusted value of economic activity and judge its use as the measure of the economy’s health;...