Modern Western Economics (Macroeconomics) (Third Edition)

Author: Song Chengxian, Xu Qiang
Publisher:
Publishing Date: Not available
Features: After World War II, Western economists gradually divided political economy (theoretical economy) into two main parts: microeconomics and macroeconomics. Macroeconomics examines the overall economic operation of a society, differing from microeconomics, which focuses on the behavior of individual economic entities. This book is the macroeconomics section of our press's Modern Western Economics, comprising six parts and twenty-two chapters, including basic concepts and measurement of macroeconomics, static equilibrium models of national income determination, monetary theory and monetary policy, post-Keynesian macroeconomics, dynamic economics, and international economics. This third edition has been completed by Dr. Xu Qiang, a disciple of Professor Song Chengxian, who currently serves as the Chief Econometrician of New York State, Director of Research at the New York State Budget Department, and a professor at the State University of New York. In addition to textual and scientific proofreading of the entire book, the third edition has added a seventh section titled "Real National Output—Chain Weights" in Chapter 2 and a section on "Rules and Discretionary Monetary Policy" in Chapter 13. Other chapters have been rewritten to adapt to the evolving and improving teaching needs.