The second edition of this textbook is fully revised and provides comprehensive coverage of intermediate macroeconomics. It is written from a completely European perspective and includes examples, case studies and data.
Building upon the success of the first edition, this new edition of Macroeconomics: A European Text is fully revised and updated and provides a comprehensive analysis of modern macroeconomics within a European and global context. With an emphasis upon greater accessibility and clarity the text presents competing approaches in a balanced and lucid manner with continual reference to data and examples from the real world. This text is innovative in four important respects: - it offers a contemporary approach that incorporates the `new' macroeconomics and emphasises microeconomic foundations and intertemporal aspects - it progresses rapidly to an open economy analysis, which is directly relevant to modern European economies - it presents a truly international perspective, giving the student economic data, timely examples, and lively case studies taken from the European and global scene - it is written in a lucid style that guides the students to the frontiers of the subject The second edition has been substantially revised to take account of the changing European and global macroeconomic environment. Two new innovative chapters have been added. This book is intended for undergraduates taking the compulsory course in intermediate macroeconomics. Supplementary for students taking options in European economics or open economy macroeconomics.
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Part I: INTRODUCTION TO MACROECONOMICS. 1: What is Macroeconomics?. 2: Macroeconomic Accounts. Part II: THE REAL MACROECONOMY. 3: Intertemporal Budget Constraints. 4: Private Sector Demand: Consumption, Investment, and the Current Account. 5: Equilibrium Output and Growth. 6: Labour Markets and Equilibrium Unemployment. 7: The Real Exchange Rate. Part III: MONEY AND AGGREGATE DEMAND. 8: Money and the Demand for Money. 9: The Supply of Money and Monetary Policy. Part IV: MACROECONOMIC EQUILIBRIUM. 10: Output, Employment, and Prices. 11: Aggregate Demand and Output. Part V: INFLATION AND BUSINESS CYCLES. 12: Aggregate Supply and Inflation. 13: Aggregate Demand and Aggregate Supply. 14: Business Cycles. Part VI: MACROECONOMIC POLICY. 15: Fiscal Policy, Debt, and Seigniorage. 16: The Limits of Demand Management. 17: Supply-Side and Unemployment Policies. Part VII: FINANCIAL MARKETS AND THE EXCHANGE RATES. 18: Financial and Exchange Markets. 19: Exchange Rates in the Short Run. 20: The International Monetary System. 21: Policy Co-ordination and Exchange Rate Crises: the EMS and the EMU. References. Glossary. Index
Macroeconomics: A European Text by Michael Burda
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