Macroeconomics A European Text

by ;
Edition: 3rd
Format: Paperback
Pub. Date: 2002-04-18
Publisher(s): Oxford University Press
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Summary

Building upon the success of previous editions, Macroeconomics 3/e provides a comprehensive analysis of modern macroeconomics within a global context. Competing theoretical approaches are presented in a clear and balanced manner with continual reference to data and case study examples from the real world. The excellent teaching and learning aids include chapter overviews, summaries of key concepts, end of chapter exercises, and suggestions for further reading for each chapter. Completely revised and updated, this new edition contains new material on economic growth, labour markets and unemployment, money supply, inflation, financial and exchange markets, and supply side policies.

Author Biography


Michael Burda is Professor of Macroeconomics and Labour Economics at the Humboldt-Universitaet, Berlin, and has published research relating to the labour markets of both Western and Eastern Europe. Charles Wyplosz is at the Graduate Institute of International Studies, University of Geneva. His research is on exchange rates and macroeconomic policies. He is a frequent adviser to governments and international organizations.

Table of Contents

List of Figures
xxv
List of Tables
xxxi
List of Boxes
xxxiv
Part I Introduction to Macroeconomics 1(40)
What is Macroeconomics?
3(16)
Macroeconomic Accounts
19(22)
Part II The Real Macroeconomy 41(128)
Economic Growth
43(26)
Labour Markets and Unemployment
69(30)
Intertemporal Budget Constraints
99(24)
Private Sector Demand: Consumption and Investment
123(28)
The Real Exchange Rate
151(18)
Part III Money 169(52)
Money and the Demand for Money
171(26)
The Supply of Money and Monetary Policy
197(24)
Part IV Macroeconomic Equilibrium 221(56)
Output, Employment, and Prices
223(24)
Aggregate Demand and Output
247(30)
Part V Inflation and Business Cycles 277(84)
Aggregate Supply and Inflation
279(22)
Aggregate Demand and Aggregate Supply
301(28)
Business Cycles
329(32)
Part VI Macroeconomic Policy 361(100)
Fiscal Policy, Debt, and Seigniorage
363(22)
The Limits of Demand Management
385(26)
Supply-Side Policy
411(28)
Economic Growth: Theory and Policy
439(22)
Part VII Asset Markets and International Financial Architecture 461(70)
Asset Markets and Macroeconomics
463(34)
The Architecture of the International Monetary System
497(34)
References 531(2)
Glossary 533(13)
Solutions to even-numbered exercises 546(9)
Index 555

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