Macroeconomics : Theories and Policies / Edition 7by Richard T. Froyen
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, 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.
- Prentice Hall
- Publication date:
- Edition description:
- Older Edition
- Product dimensions:
- 7.32(w) x 11.10(h) x 1.00(d)
Table of Contents
I. INTRODUCTION AND MEASUREMENT.
2. Measurement of Macroeconomic Variables.
II. MACROECONOMICS MODELS.
4. Classical Macroeconomics (II): Money, Prices, and Interest.
5. The Keynesian System (I): The Role of Aggregate Demand.
6. The Keynesian System (II): Money, Interest, and Income.
7. The Keynesian System (III): Policy Effects in the IS-LM Model.
8. The Keynesian System (IV): Aggregate Supply and Demand.
9. The Monetarist Counterrevolution.
10. Output, Inflation and Unemployment: Monetarist and Keynesian Views.
11. New Classical Economics.
12. Real Business Cycles and New Keynesian Economics.
13. Macroeconomic Models: A Summary.
III. OPEN ECONOMY MACROECONOMICS.
15. Monetary and Fiscal Policy in the Open Economy.
IV. ECONOMIC POLICY.
17. Monetary Policy.
18. Fiscal Policy.
V. EXTENSIONS OF THE MODELS.
20. Consumption and Investment.
21. Money Demand.
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