Macroeconomics (Sixth Edition)

Author: Don Bush
Publisher:
Publish Date: 1998-04-01
Features: This book is a mid-level macroeconomics textbook that has gained popularity both domestically and internationally in recent years. The book is divided into four parts. Part I is the Basics of Macroeconomics, which briefly introduces macroeconomics and national income accounting, followed by discussions on simple multiplier theory with product market equilibrium as the analysis object, the IS-LM model with product-money market equilibrium as the analysis object, an introduction to demand management policies, and international economic links. Part II is the Analysis of Aggregate Demand-Aggregate Supply and Economic Growth Theory, which elaborates on the preliminary AD-AS model, the characteristics of the aggregate supply curve, rational expectations theory, and economic growth theories. Part III is the Microeconomic Foundations of Aggregate Demand Analysis, introducing the consumption function theory, investment function theory, money demand theory, money supply theory, and policies for economic stability in sequence. Part IV is Macroeconomic Topics, including inflation and unemployment theory, the Phillips curve theory, the relationship between monetary policy and inflation, government debt theory, and balance of payments theory.