| Description |
The outstanding pedigree of this author team sets the bar very high and this second Australian edition does not disappoint. Ben Bernanke, Bob Frank and Nilss Olekalns (Head of Economics at the University of Melbourne) introduce new material whilst maintaining their core approach of promoting a solid grounding in basic macroeconomic principles. Do you believe students should be trained to think critically and analytically? If so, then this is the book for you. Economic issues and principles are introduced through simple examples, and then repeated and reinforced through illustrations, examples and background briefs. This text motivates students, is effective and enjoyable to teach and is the essential text for introductory courses in macroeconomics. |
| Key Features |
| Table of Contents |
Part 1: Core Principles of Economics 1. Economics and the market 2. Comparative advantage: the basis for trade Part 2: Issues in Macroeconomics 3. Measuring macroeconomic performance: output and prices 4. Measuring macroeconomic performance: savings and wealth 5. Measuring macroeconomic performance: unemployment and the labour market Part 3: Short-run Macroeconomics: The Analysis of the Business Cycle 6. Short-run economic fluctuations 7. Spending and output in the short run 8. Fiscal policy 9. Money, prices and the Reserve Bank 10. The Reserve Bank and the economy 11. The aggregate demand aggregate supply model Part 4: Long-run Macroeconomics: The Analysis of Economic Growth 12. The economy in the long run: an introduction to economic growth 13. The production function approach to understanding growth 14. Savings, capital formation and comparative economic growth Part 5: Open Economy Macroeconomics 15. An introduction to the open economy 16. Exchange rates and the open economy 17. The balance of payments?net exports and international capital flows Part 6: Concluding Thoughts 18. Macroeconomics: what have we learnt? Appendix A: Answers to in-chapter exercises Glossary Index |
