Macroeconomic Theory - Fluctuations, Inflation and Growth in Closed and Open Economies (Hardcover, 1st ed. 2018)

Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England's nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	October 2018
First published:	2018
Authors:	Fernando de Holanda Barbosa
Dimensions:	235 x 155 x 34mm (L x W x T)
Format:	Hardcover
Pages:	456
Edition:	1st ed. 2018
ISBN-13:	978-3-319-92131-0
Languages:	English
Subtitles:	Portuguese
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Macroeconomics > General Promotions
LSN:	3-319-92131-2
Barcode:	9783319921310

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!