Economic Science Translation Series Macroeconomics

Author: Rudiger Dornbusch
Publisher:
Publication Date: 1998-01-01
Features: The book is comprehensive in content, well-structured, integrates theory with practice, and reflects the latest research findings in macroeconomics, making it highly academically valuable. It is suitable for senior undergraduate students in economics and management departments, early-stage graduate students in related fields, as well as researchers for reference. This book is a mid-level macroeconomics textbook that has gained widespread popularity in recent years both domestically and internationally. The book is divided into four parts. Part I covers the fundamentals of macroeconomics. After briefly introducing macroeconomics and national income accounting, it discusses simple multiplier theory as an analysis of product market equilibrium, the IS-LM model as an analysis of product-money market equilibrium, an introduction to demand management policies, and international economic links. Part II focuses on aggregate demand-aggregate supply analysis and economic growth theory, explaining preliminary AD-AS models, the characteristics of aggregate supply curves, rational expectations theory, and economic growth hypotheses. Part III explores the microfoundations of aggregate demand analysis, introducing the consumption function theory, investment function theory, money demand theory, money supply theory, and policies for economic stability. Part IV covers 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.