Macroeconomics provides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest research, policy, and data. The result is that readers learn to apply economics the way real economists do, by evaluating the decisions in their personal and professional lives.
Introduction: What Is Economics?; The Economic Problem. How Markets Work: Demand and Supply; Elasticity. Macroeconomic Overview: A First Look at Macroeconomics; Measuring GDP and Economic Growth; Monitoring Jobs and the Price Level. The Economy in the Long Run: At Full Employment: The Classical Model; Economic Growth; Money, the Price Level, and Inflation; The Exchange Rate and the Balance of Payments. The Economy in the Short Run: Aggregate Supply and Aggregate Demand; Expenditure Multipliers: The Keynesian Model; U.S. Inflation, Unemployment, and Business Cycle. Macroeconomic Policy: Fiscal Policy; Monetary Policy. The Global Economy: Trading with the World.
For all readers interested in macroeconomics.
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Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking.
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