Macroeconomics, Second Edition

Matthew Kofi Ocran

The book provides a thorough but concise exposure to macroeconomics to post school students as well as those studying economics for the first time. Following an introduction that gives an overview of macroeconomics as well as a brief discussion of the main macroeconomic problems that societies face, the book then looks at national income accounting and economic performance. The book looks at the unemployment problem. There is also a discussion of aggregate supply and demand theory, and the role of that theory in explaining the determinants of aggregate economic output and employment. The problem of inflation and is also discussed. The reality that the economies of most countries are interconnected with that of the rest of the world is discussed under open-economy. The book then discusses economic growth in both the short-run and the long run.

Contents Include:
Contents

Chapter 1: Introduction to macroeconomics

Chapter 2: National income accounting and economic performance

Chapter 3: Labour market and the problem of unemployment

Chapter 4: Aggregate demand and aggregate supply

Chapter 5: Money, prices and the problem of inflation

Chapter 6: Open macroeconomy: International trade, exchange rate and the balance of payment

Chapter 7: Economic growth in the short run

Chapter 8: Economic growth in the long run

Of Interest and Benefit to:
This book is recommeded for undergraduate students studying economics for the first time, academics and managers.

Key Benefits:
· An extensive re-working of the old text and simplification of the material in the old book.
· Economic growth is an important consideration in the study of macroeconomics, it is presented in more refreshing way the new book
· For the first time the issue of economic growth variability in the short-run is highlighted and the relationship between long run growth in income per person and economic development is covered.
· One other important strength of the new textbook is that most of the material has been simplified and relevant examples from South Africa have been covered. All this has been done in addition to reducing the volume of the textbook considerably so that students can cover all the material in a semester or half a year.



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