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Macroeconomics
An Open Economy Approach
Synopsis
This new Macroeconomics text deals entirely with Open Economy Macroeconomics, reflecting a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world. It is also distinctive in providing an exposition and evaluation of the three main macroeconomic models, the income-expenditure model, the IS-LM model and the AD-AS model, in addition to the application to real world issues and policy. Finally the AD-AS framework provides an opportunity for examining recent controversies concerning the supply-side, growth and business cycles. In summary this is a macroeconomics textbook which provides a new framework for understanding contemporary macroeconomic theory, policy and applications.
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What Reviewers Are Saying
'Bridges the gap well between introductory and advanced texts.' - Dr M C Baddeley, University of Cambridge 'Very well written text covering the main areas of macroeconomics clearly and concisely. Concentrating on the UK issues is particularly welcome.' - Dr Bruce Morley, University of Wales, Aberystwyth