Macroeconomics is concerned with the economy as a whole. In
macroeconomics, we develop an overall view of the economic system
and we study total (or aggregate) economic behaviour. The emphasis
is on topics such as total production, income and expenditure,
economic growth, aggregate unemployment, the general price level,
inflation and the balance of payments. Macroeconomics is therefore
the world of totals.
This second edition of Understanding
macroeconomics is a comprehensive revision and restructuring of the
first edition, but still against a contemporary South African
background. The major changes include the following: the chapter on
money has been expanded and moved forward, and the material on the
Keynesian model has been consolidated in two separate chapters,
instead of being spread over different chapters . There is also a
greater emphasis on the role of monetary and fiscal policy. New
topics include the role of the ratings agencies and the notion of
"radical economic transformation".
As in the first edition, the
easy style and practical examples make the content extremely
accessible. A wealth of relevant information about the South
African economy is also provided. A companion to this book,
Understanding microeconomics, is also available.
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Review This Product
Thu, 4 Aug 2022 | Review
by: Chiara H.
This book came in perfect condition, great packaging and quick delivery!
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Quick delivery and we’ll packaged
Wed, 17 Aug 2022 | Review
by: Warren G.
The product arrived ahead of schedule which really helped. It is in excellent condition and as ordered.
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DOES WHAT IT SAYS ON THE TIN
Tue, 23 Aug 2022 | Review
by: Litisha N.
I would not have bought this book if it was not a prescribed book for one of my courses, but it does do a very good job of explaining key concepts in a very easy-to-understand way.
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Macroeconomics made easy.
Tue, 23 Aug 2022 | Review
by: Tshepo G.
The book is in good condition.
The content is unambiguous. The author makes reference to daily experience.
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