Macroeconomic essentials : understanding economics in the news

Başlık:

Yazar:

Kennedy, Peter, 1943-

ISBN:

9780262611503

9780262112512

Ek Yazar:

Kennedy, Peter, 1943-

Edition:

2nd ed.

Yayım Bilgisi:

Cambridge, Mass. : MIT Press, c2000.

Fiziksel Tanım:

xiii, 418 p. : ill. ; 23 cm.

Contents:

Measuring GDP and inflation -- Unemployment -- The role of agregate demand -- The supply side -- Growth and productivity -- Crowding out -- The money supply -- The monetarist rule -- Monetary policy and interest rates -- Real versus nominal interest rates -- Stagflation -- The real cause of inflation -- Budget deficits and the national debt -- The balance of payments -- Policy in an open economy -- Purchasing power parity -- Interest rate parity.

Konu Terimleri:

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Library	Materyal Türü	Barkod	Yer Numarası	Durum
Searching... Pamukkale Merkez Kütüphanesi	Kitap	0017445	HB172.5.K457 2000	Searching... Unknown

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Özet

What do we want our students to be able to do upon completing an introductory course in macroeconomics--shift curves on diagrams or interpret media commentary on the economy? This book, an effort to lead students in the latter direction, offers a clear exposition of introductory macroeconomic theory along with more than 600 one- or two-sentence "news clips" that serve as illustrations and exercises. The author calls this approach "media economics" to distinguish it from the encyclopedic character of traditional texts. The book provides a guide to what the author calls the "really important" ideas of macroeconomics, with a strong connection to the real world. Thus many instructors will find the book suitable for use in courses enrolling business students. The method of presentation allows room for topics that are crucial for the interpretation of news commentary, but given inadequate coverage in traditional macroeconomics texts. Examples include the many roles of nominal versus real interest rates, and international phenomena such as purchasing power parity. Despite its nontechnical presentation, the material in the book is quite challenging for students; to answer questions based on the news clips, students must truly understand the economic concepts and apply problem-solving skills rather than rote learning. This text, unlike other economic texts, provides the student with a practical yet sophisticated grasp of the macroeconomic principles necessary to interpret media commentary. The second edition has been revised and updated throughout.

Preface	p. xi
1 Introduction	p. 1
2 Measuring GDP and Inflation	p. 11
3 Unemployment	p. 35
4 The Role of Aggregate Demand	p. 51
5 The Supply Side	p. 77
6 Growth and Productivity	p. 101
7 Crowding Out	p. 119
8 The Money Supply	p. 129
9 The Monetarist Rule	p. 145
10 Monetary Policy and Interest Rates	p. 167
11 Real versus Nominal Interest Rates	p. 187
12 Stagflation	p. 207
13 The Real Cause of Inflation	p. 231
14 Budget Deficits and the National Debt	p. 243
15 The Balance of Payments	p. 257
16 Policy in an Open Economy	p. 275
17 Purchasing Power Parity	p. 293
18 Interest Rate Parity	p. 309
Appendix A Supply and Demand	p. 325
Appendix B Additional Media Exercises	p. 341
Appendix C Suggested Answers to Even-Numbered Exercises	p. 357
Glossary	p. 391
Index	p. 409

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