Macroeconomic Essentials: Understanding Economics in the News

Macroeconomic Essentials: Understanding Economics in the News

by Peter E. Kennedy, Jay Prag

Paperback(fourth edition)

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Product Details

ISBN-13: 9780262533348
Publisher: MIT Press
Publication date: 08/11/2017
Series: The MIT Press
Edition description: fourth edition
Pages: 472
Sales rank: 373,379
Product dimensions: 7.90(w) x 8.90(h) x 1.00(d)
Age Range: 18 Years

About the Author

The late Peter E. Kennedy was Professor Emeritus of Economics at Simon Fraser University.

Jay Prag is Clinical Associate Professor at the Drucker School of Management at Claremont Graduate University.

What People are Saying About This

Stephen Nelson

In the third edition of Macroeconomics Essentials, Peter Kennedy sets himself a difficult task and succeeds beautifully. Kennedy's textbook marries impressive breadth, simplicity, and rigor. He provides a concise and non-technical overview of the core analytical concepts in macroeconomics who are tethered to bits of relevant empirical evidence. This is a particularly useful textbook for instructors outside of economics departments that want to bring students quickly up to speed on the principles that underlie recent political economic trends and events (including the subprime crisis).

William A. Barnett

There is a fundamental reason that macroeconomics exists as a field distinguishable from aggregated microeconomics: the need for governments to make decisions that can only be guided by macroeconomics. This principles text emphasizes the policy issues that drive the development of the field. Peter Kennedy brings macroeconomics to life for undergraduate students.

I-Ming Chiu

How can we help students better understand how the economy operates? Among many macroeconomics textbooks on the market, Kennedy's Macroeconomic Essentials stands out as one of the best for effective macroeconomics learning. Well-structured text accompanied by numerous vivid examples from the media, the third edition again successfully links the complex macroeconomic concepts to daily observations.

Lloyd J. Dumas

By setting aside much of the formal apparatus of 'curve-shifting' economics, Macroeconomic Essentials focuses attention just where it should be: on understanding key concepts and on thinking. At the center of real world economics is, after all, the study of human behavior, not the art of mathematical manipulation.

Endorsement

There is a fundamental reason that macroeconomics exists as a field distinguishable from aggregated microeconomics: the need for governments to make decisions that can only be guided by macroeconomics. This principles text emphasizes the policy issues that drive the development of the field. Peter Kennedy brings macroeconomics to life for undergraduate students.

William A. Barnett, Editor, Macroeconomic Dynamics

From the Publisher

By setting aside much of the formal apparatus of 'curve-shifting' economics, Macroeconomic Essentials focuses attention just where it should be: on understanding key concepts and on thinking. At the center of real world economics is, after all, the study of human behavior, not the art of mathematical manipulation.

Lloyd J. Dumas, Professor of Economics, University of Texas at Dallas; author of The Peacekeeping Economy

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