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Macroeconomics: Understanding the Global Economy, 3rd Edition

Macroeconomics: Understanding the Global Economy, 3rd Edition

David Miles, Andrew Scott, Francis Breedon

ISBN: 978-1-119-99571-5

Apr 2012

622 pages

Select type: Paperback

In Stock

$128.95

Description

Macroeconomics: Understanding the Global Economy, 3rd Edition   is to help students – and indeed anyone – understand contemporary and past economic events that shape the world we live in, and at a sophisticated level.  But it does so without focusing on mathematical techniques and models for their own sake.

Theory is taken seriously – so much so that the authors go to pains to understand the key aspects of theories in a way that will not put people off before they see how theories are useful to analyse issues.  The authors believe that theories are essential to better understand the world, thus the book includes a wealth of historic and current episodes and data to both see how theories can help interpret the world and also to judge their validity.

Economies today are very inter-connected; what happens in China matters pretty much everywhere; and what happens in one (even small) country in the euro zone has implications for the whole euro area and beyond, consequently Macroeconomics, 3rd Edition adopts a very international focus.

 

 

Related Resources

Preface

Part One. Introduction

Chapter 1. What Is Macroeconomics?

Chapter 2. The Language of Macroeconomics: The National Income Accounts

Part Two. Economic Growth and The Supply Side

Chapter 3. The Wealth of Nations: The Supply Side

Chapter 4. Capital Accumulation and Economic Growth

Chapter 5. Total Factor Productivity, Human Capital and Technology

Chapter 6. Endogenous Growth and Convergence

Chapter 7. Unemployment and the Labour Market

Chapter 8. International Trade

Chapter 9. Globalization

Part Three. Business Cycles and Economic Policy

Chapter 10. Consumption and Investment

Chapter 11. Business Cycles

Chapter 12. Money and Prices

Chapter 13. Monetary Policy

Chapter 14. Fiscal Policy and the Role of Government

Chapter 15. Stabilization Policy

Part Four. Asset Markets and the Financial Sector

Chapter 16. Financial Markets: Equities and Bonds

Chapter 17. The Banking Sector

Chapter 18. Sovereign Debt and Default

Part Five. Exchange Rates and Global Capital Markets

Chapter 19. Exchange Rate Determination I: The Real Exchange Rate

Chapter 20. Exchange Rate Determination II: Nominal Exchange Rates and Asset Markets

Chapter 21. Currency Crises and Exchange Rate Systems

Glossary

Notes

Index 

  • New video clips - the authors have provided comprehensive lecture videos to aid student comprehension in areas such as GDP and happiness, long run growth and the BRICs, fiscal multipliers, monetary policy and more.  For a sample video clip please visit the Lecturer Companion Site.
  • Two new chapters on banking and sovereign debt and default.
  • Thoroughly updated to include extensive discussion of the financial crisis and global recession and extraordinary policy responses to it (eg Quantitative Easing).
  • Significantly increased coverage of the macroeconomic role of financial markets and financial intermediaries.
  • Greater coverage of the BRICs and other developments such as environmental economics and Sovereign Wealth Funds.

 

  • Offers a unique blend of international perspective, technical detail, and real-world examples.
  • Presents a wide range of topics using extensive current and historical data.
  • Focuses on the international economy with an extensive analysis of exchange rates and global capital markets.
  • New video clips - the authors have provided comprehensive lecture videos to aid student comprehension in areas such as GDP and happiness, long run growth and the BRICs, fiscal multipliers, monetary policy and more.  For a sample video clip please visit the Lecturer Companion Site.
  • Two new chapters on banking and sovereign debt and default.
  • Thoroughly updated to include extensive discussion of the financial crisis and global recession and extraordinary policy responses to it (eg Quantitative Easing).
  • Significantly increased coverage of the macroeconomic role of financial markets and financial intermediaries.
  • Greater coverage of the BRICs and other developments such as environmental economics and Sovereign Wealth Funds.