Macroeconomics : Theories and Policies / Edition 7

Macroeconomics : Theories and Policies / Edition 7

by Richard T. Froyen
     
 

ISBN-10: 0130328596

ISBN-13: 9780130328595

Pub. Date: 08/28/2001

Publisher: Prentice Hall

This book traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. It places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. The author admires all points of view and the result is a comprehensive,…  See more details below

Overview

This book traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. It places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. The author admires all points of view and the result is a comprehensive, detailed, unbiased view of modern macroeconomic theory. Chapter topics examine the measurement of macroeconomic variables; classical macroeconomics: equilibrium output and employment, money, prices, and interest; the Keynesian system; the monetarist counterrevolution; output, inflation and unemployment: monetarist and Keynesian views; new classical economics; real business cycles and new Keynesian economics; exchange rates and the international monetary system; monetary and fiscal policy in the open economy; the money supply process; monetary policy; fiscal policy; long- and intermediate-term economic growth; consumption and investment; and money demand. For individuals looking for a better understanding of macroeconomics.

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Product Details

ISBN-13:
9780130328595
Publisher:
Prentice Hall
Publication date:
08/28/2001
Edition description:
Older Edition
Pages:
524
Product dimensions:
7.32(w) x 11.10(h) x 1.00(d)

Table of Contents

Preface
Pt. IIntroduction and Measurement1
1Introduction2
2Measurement of Macroeconomic Variables13
Pt. IIMacroeconomic Models31
3Classical Macroeconomics (I): Equilibrium Output and Employment32
4Classical Macroeconomics (II): Money, Prices, and Interest49
5The Keynesian System (I): The Role of Aggregate Demand66
6The Keynesian System (II): Money, Interest, and Income93
7The Keynesian System (III): Policy Effects in the IS-LM Model133
8The Keynesian System (IV): Aggregate Supply and Demand155
9The Monetarist Counterrevolution190
10Output, Inflation, and Unemployment: Monetarist and Keynesian Views212
11New Classical Economics232
12Real Business Cycle Theory and the New Keynesian Economics252
13Macroeconomic Models: A Summary269
Pt. IIIExtensions of the Models277
14Consumption and Investment278
15Money Demand308
16The Money Supply Process329
17Long- and Intermediate-Term Economic Growth347
Pt. IVEconomic Policy377
18Fiscal Policy378
19Monetary Policy403
Pt. VOpen Economy Macroeconomics423
20Exchange Rates and the International Monetary System424
21Monetary and Fiscal Policy in the Open Economy453
Glossary471
Index475

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