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URL :  Macroeconomics: Theory, Models, and Policy
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Author : Douglas Curtis - Ian Irvine - Lyryx Learning Team
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2021 | PDF | 2.7 Mb | 510 pages (It takes time to download, so please be patient)

eBook License: Creative Commons License (CC BY-NC-SA)

The text observes short-run macroeconomic performance, analysis, and policy motivated by the recessions of the early 1980s and 1990s, the financial crisis and recession of 2008-2009, and the prolonged recovery in most industrial countries. A traditional Aggregate Demand and Supply (AD-AS) model is introduced, and a basic modern AD-AS model is developed. Numerical examples, diagrams, and basic algebra are used in combination to illustrate and explain economic relationships.

Students learn about: the importance of trade flows, consumption, and government budgets; money supply; financial asset prices, yields, and interest rates; employment and unemployment; and other key relationships in the economy. Canadian and selected international data are used to provide real world examples and comparisons. (From Author)

eBook Contents

Introduction to key ideas - Theories, models and data - The classical marketplace – demand and supply - Economic activity and performance - Output, business cycles, growth & employment - Aggregate expenditure & aggregate demand - The government sector - Money, banking & money supply - Financial markets, interest rates, foreign exchange rates& AD - Central banking and monetary policy - A traditional AD/ AS model - An AD/ AS model of the inflation rate and real GDP - Economic growth - International Macroeconomics - International trade
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