How does the South African economy work? Why do macroeconomic variables change? So what if they do? What happens next? How do economic processes and policy institutions really work? Which data must I use? What can policy do? And then the big questions: How can we reduce unemployment and maintain low inflation? What then about poverty, inequality, inclusive growth and development in South Africa?

The answers are found in How to think and reason in Macroeconomics – A South African text, a popular university textbook with very positive feedback from students, lecturers and practitioners. This fifth edition is completely up-to-date and comprehensive. It combines well-informed intuitive understanding with solid economic theory plus a concrete understanding of South African economic issues, processes, institutions and data. In this way it prepares you to analyse macroeconomic events and policies in a globalised and development context – and understand different perspectives in policy and political-economic debates.

Key features:

• Accessible analysis, theory and diagrams, combining intuitive understanding and sophisticated analysis.
• A choice of learning routes with different levels of difficulty and mathematics.
• Real-world economic reasoning skills, not dry theory.
• Online animations that provide unique insights into macroeconomic fluctuations and shocks.
• Explicit continuous focus on South Africa as an open economy in an African and global context shaped by China, Trump’s trade wars and Brexit.
• Theoretical and policy analysis of unemployment, inflation, low growth and inclusive growth, as well as the National Development Plan.
• Analytical case studies of the global financial crisis, quantitative easing, the Euro crisis and the Eskom crisis.
• First-hand, freshly updated insights into how South African policy institutions, processes and instruments work.
• Clear guides to access relevant South African data sources, with useful data tips.
• Thorough integration of the structural social and economic realities (notably inequality and poverty) of South Africa as a middle-income country.
• Incorporation of broader considerations such as human development, inclusive growth and sustainable development.

Mining has played a key role in the growth of many towns in South Africa. This growth has been accompanied by a proliferation of informal settlements, by pressure to provide basic services and by institutional pressures in local government to support mining. Fragile municipal finance, changing social attributes, the pressures of shift-work on mineworkers, the impact on the physical environment and perceived new inequalities between mineworkers, contract workers and original inhabitants have further complicated matters. Mining growth has however also led to substantial local economic benefits to existing business and it has contributed to a mushrooming of new enterprises. While the relationship between mining and economic development at the country level has received adequate attention in existing literature, less is known about the consequences of mining at the local level. This book investigates the local impacts of mining in South Africa, focusing on employment, inequality, housing, business development, worker well-being, governance, municipal finance, planning and the environment. Taking an interdisciplinary approach, Mining and Community in South Africa will be of interest to scholars of South Africa, economic development, labour and industry, politics and planning.

Mining has played a key role in the growth of many towns in South Africa. This growth has been accompanied by a proliferation of informal settlements, by pressure to provide basic services and by institutional pressures in local government to support mining. Fragile municipal finance, changing social attributes, the pressures of shift-work on mineworkers, the impact on the physical environment and perceived new inequalities between mineworkers, contract workers and original inhabitants have further complicated matters. Mining growth has however also led to substantial local economic benefits to existing business and it has contributed to a mushrooming of new enterprises. While the relationship between mining and economic development at the country level has received adequate attention in existing literature, less is known about the consequences of mining at the local level. This book investigates the local impacts of mining in South Africa, focusing on employment, inequality, housing, business development, worker well-being, governance, municipal finance, planning and the environment. Taking an interdisciplinary approach, Mining and Community in South Africa will be of interest to scholars of South Africa, economic development, labour and industry, politics and planning.