Macroeconomics

Viac o knihe

The new 3rd edition is tailored for students new to economics, offering clear explanations of fundamental macroeconomic principles through analogies, real-world examples, and user-friendly graphs. This edition has been significantly restructured and revised to present a fresh perspective on the causes and effects of sudden macroeconomic changes, alongside a straightforward explanation of gradual long-term trends. It emphasizes key concepts and a logical structure for a comprehensive overview of both national and global macroeconomics. New features include a restructured format with renamed chapters, extensive rewrites focusing on clarity, and a refined economic fluctuations model that incorporates the Taylor Rule and links inflation to deviations. The narrative on short-term fluctuations around long-term growth is well-developed, enhancing student understanding. Additionally, the text introduces four types of interest boxes to maintain engagement without distracting from core content: Explanatory Power, which clarifies unusual economic phenomena; Counterpoint, summarizing ongoing debates; Economics at Work, showcasing real-world examples; and Historical Perspectives, often biographical. This edition aims to make macroeconomics more accessible while preserving realism and relevance.