Modern Western Economics: Macroeconomics

Author: Song Chengxian
Publisher:
Publish Date: 2001-09-01
Features: After World War II, Western economics gradually divided political economy (theoretical economy) into two main parts: microeconomics and macroeconomics. Macroeconomics examines the economic operation of an entire society, distinguishing itself from microeconomics, which focuses on the behavior of individual economic entities. This book is the macroeconomics section of our press's "Modern Western Economics," consisting of six parts and twenty-two chapters, covering fundamental concepts and measurement in macroeconomics, static equilibrium models of national income determination, monetary theory and monetary policy, post-Keynesian macroeconomics, dynamic economics, and international economics. The second edition has undergone textual and scientific revisions throughout the book, with additional content on the golden rule. Additionally, separate hardcover editions of microeconomics and macroeconomics will be published to meet the needs of readers at all levels.