Macroeconomics: Understanding the wealth of nations
Опубликовано на портале: 24-10-2003
New York: John Wiley & Sons, 2002, 684 с.
A macroeconomics text for the intelligent person who does not wish to become a specialist economist but who wishes to understand the economy and financial markets. Ideal for MBA students, it aims in one course to provide an interesting and thought-provoking account of the economy and how it works and how economists analyze the world economy. It covers basic to very advanced research in an accessible manner and has as its philosophy that an understanding of historical and current data is crucial to understand the economy in theory and in practice.
Miles and Scott deal with sophisticated issues using advanced economic theory but in a manner that is accessible to someone taking a single course in macroeconomics. They discuss real world economic issues and first describe why these issues matter before discussing economic theory. In explaining why certain economic events occur the authors utilise logical economic thinking and modelling but they only introduce models after the real world problem of interest has first been discussed. A distinguishing feature of this text is the focus on the data and detail of the world economy and the use of this material as an entry point into the world of theory.
- What is Macroeconomics?
- The Language of Macroeconomics - Data and Definitions
- Analytical Overview - Introducing Fundamental Tools
PART 2 - ECONOMIC GROWTH AND THE SUPPLY SIDE
- The Increasing Wealth of Nations
- Capital Accumulation and Economic Growth
- Technological Progress
- Human Capital, Endogenous Growth and Convergence
- Unemployment and the Labor Market
- International Trade
PART 3 - MONEY AND TAXES
- The Role of Government
- Fiscal Policy
- Money and Inflation
PART 4 - BUSINESS CYCLES AND ECONOMIC POLICY
- Business Cycles
- Stabilisation Policy
- Monetary Policy
PART 5 - EXCHANGE RATES
- Real Exchange Rate Determination
- Nominal Exchange Rates and Currency Crises
- Global Capital Markets
PART 6 - ASSET MARKETS AND THE FINANCIAL SECTOR
- The Equity Market
- The Bond Market
- Real Estate
- The Banking Sector
PART 1 - INTRODUCTION
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business cycle economic growth economic policy endogenous growth fiscal policy human capital intermediate macroeconomics international trade labor market money unemployment
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