Record Detail Back
Advanced Macroeconomics
- Share to:
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.
It is hoped that this book’s contents will help students to think, analyze and apply what they have learned.
Various industry-related examples such as exchange rate, inflation, domestic output and other data have
been included to assist the understanding of macroeconomic issues. This book was written with the aim
to provide insights to students, teachers and policy makers to think about various macroeconomic issues
in a broader way. Once the issues are known to the policy makers, planners and academicians, it will
be easier for them to think in that direction and ultimately, this knowledge may help them solve some
of these problems related to these issues.
This advanced macroeconomics book will provide fundamentals of the basic macroeconomic principles,
and thus, will be also useful to non-students of economics learning about macroeconomics for the first
time.
This book is divided into two parts. The first part explains the topics related to a closed economy. The
second part will discuss topics related to an open economy and includes the open economy and the
macroeconomy. Both are equally important because the first part forms the basis for understanding the
second part. Some current issues such as foreign exchange, money and capital markets are also explained
because learning about such topics will help students understand macroeconomics in greater depth.
The first chapter explains the basic concepts of macroeconomics. The IS-LM model is explained with
expansionary fiscal and monetary policy. The aggregate demand curve is derived from the IS-LM
equilibrium. The aggregate demand and supply curve explains the price adjustment in the short and
long run.
The second chapter clarifies in detail the consumption function. The lifecycle and the permanent income
hypothesis form the major parts of the chapter. Investment theories, demand and supply of money and
the money multiplier are also parts of this chapter.
The third chapter elucidates the aggregate supply curve, infation and the Philips curve. The linkage of
inflation, deficit and debt, as well as deficit and debt financing are also included in this chapter.
sanjay Rode - Personal Name
9788740302783
NONE
Advanced Macroeconomics
Economics
English
Bookboon.com
2012
LOADING LIST...
LOADING LIST...