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Macrosystems By Elias Karakitsos

Macrosystems
by Elias Karakitsos

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Aims to provide students with the principles needed to analyze the interrelationship of the main macroeconomic variables - output, inflation, interest rates, unemployment, exchange rates and budget deficits. The author uses 10 increasingly complex models to analyze these variables.
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Macrosystems Summary


Macrosystems: Dynamics of Economic Policy by Elias Karakitsos

This book aims to provide students with the principles needed to analyze the interrelationship of the main macroeconomic variables - output, inflation, interest rates, unemployment, exchange rates and budget deficits. The author uses 10 increasingly complex models to analyze how these variables are affected by policy variables such as tax rates and exogenous variables like world trade and the price of oil. The methods and approach employed treat the economy as a complex dynamic system. This "systems" approach to the economy entails that all the main macroeconomic variables are simultaneously determined within a structure in which the role of policy and exogenous variables is explicit. The models themselves are analyzed using simple quantitative techniques and the simulation approach. Each model introduces a major component of the closed and open economy leading to the development of a complete macromodel. Using this, the reader will be able to analyze contemporary economic policy issues and the business environment in which investment decisions are made.

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Table of Contents


Part 1 Aggregate demand: model 1 - the basic model of income determination; model 2 - extension to the government sector, an introduction to fiscal policy; model 3 - extension to the monetary sector; model 4 - a long run model with asset accumulation, the dynamics of budget finance; model 5 - a simulation model with asset accumulation and interest payments. Part 2 Aggregate supply: model 6 - the dynamics of economic policy in an inflationary economy; model 7 - a simulation model of output and inflation with asset accumulation. Part 3 The open economy: model 8 - an open economy model with flexible exchange rates; model 9 - a simulation model for an open economy with fixed exchange rates; model 10 - a simulation model of an open economy with flexible exchange rates.

Additional information

GOR006090577
Macrosystems: Dynamics of Economic Policy by Elias Karakitsos
Elias Karakitsos
Used - Very Good
Paperback
John Wiley and Sons Ltd
1992-07-16
320
0631184570
9780631184577
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read but remains in clean condition. All pages are intact and the cover is intact. Some minor wear to the spine.