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Books > Business & Economics > Economics > Macroeconomics
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Understanding Macroeconomic Theory (Hardcover)
Loot Price: R5,832
Discovery Miles 58 320
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Understanding Macroeconomic Theory (Hardcover)
Series: Routledge Advanced Texts in Economics and Finance
Expected to ship within 10 - 15 working days
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At each point in time, individuals make choices with respect to the
acquisition, sale, and/or use of a variety of different goods. Such
activity can be summarized by aggregate variables such as an
economy's total production of various goods and services, the
aggregate level of unemployment, the general level of interest
rates, and the overall level of prices. The focus of this book is
on developing simple theoretical models that provide insight into
the reasons for fluctuations in such aggregate variables. The
models included explore how shocks or 'impulses' to the economy
(e.g. changes to technology, the money supply, or government
policy) impact individuals' behaviour in specific markets, and the
resulting implications in terms of changes in aggregate variables.
This book provides the reader with an in-depth understanding of
standard theoretical models: Walrasian, Keynesian and Neoclassical.
Pedagogically sophisticated, it is theoretically based, rigorous
and includes a host of real world case studies and exercises.
Underpinned by solid microfoundations, it is written in a concise,
accessible style and is an indispensable tool for all students who
wish to a gain a firm grounding in the complexities of
macroeconomic theories as well as government and private sector
researchers of macroeconomics.
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