9780415313186

Book Description: Taylor and Francis(Routledge), 2003. Hardback. Book Condition: New. 8.504 by 5.433 inches. (296 pages) This item is printed on demand. Please allow up to 10 days extra for printing & delivery. Part One of this book deas with the theory of how money is created and destroyed. Essentia principes are iustrated by considering various modes of banking systems. Part Two provides an account of the modern theory of income and empoyment. * Theory backed up with exampes of the simpest to the most compicated modes, for exampe: * The mode of a cosed economy without a government to one in which government expenditure and revenue affect the eve of nationa income * The mode in which the rate of interest and quantity of money have no effect and the mode in which they are variabes reevant to the determination of income A) The Case of a Cosed Economy Without Government Activity 1.The case when intended net investment is positive and given 2.The case when net investment depends on nationa income 3.Changes in nationa income resuting from changes in the propensities to invest and consume (the mutipier probem) 4.Comparative-static anaysis 5.Dynamic anaysis 6.The history and deveopment of mutipier theory (the muti-sector mutipier) 7.The case when net investment depends on the rate of interest 8.The quantity theory of money 9.The acceeration principe 10.The acceeration principe and the determination of income 11.The basic principes of the theory of ong-run growth B) The Case of a Cosed Economy With Government Activity 1. Introductory 2. Various Concepts of Income 3. The effect of government expenditure on the eve of nationa income 4. The effect of taxes and government borrowing on nationa income 5. The combined effect of changes in government expenditure and revenue 6. The case when taxation varies with the eve of income C) The Baance of Payments and Nationa Income 1. The determinants of nationa income in an open economy 2. The export mutipier 3. The export mutipier in the case of a two-country mode 4. The investment mutipier in the case of a two-country mode 5. The baance of payments and the rate of exchange 6. Devauation and the terms of trade 7. The effects of changes in the conditions of demand and suppy on the baance of payments 8. Concuding remarks (Hardback). Bookseller Inventory # AG041531318X

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