Description
Book SynopsisThis South African edition of Macroeconomics is essential reading for all students taking introductory economics modules on undergraduate courses throughout South Africa. It is also ideal for use with the macroeconomics component of MBA courses. The text contains updated case studies, set against a South African context to illustrate how the principles of economics relate to your life. The news articles are based on news events in South Africa along with questions to help you apply your knowledge and to build your understanding. This text is designed to give you the confidence and ability to think like an economist.
Table of ContentsPART 1: Introduction to Economics 1 What is economics? 2 Thinking like an economist PART 2: The data of macroeconomics 3 Measuring a nation�s well-being 4 Measuring the cost of living PART 3 The real economy in the long run 5 Production and growth 6 Unemployment PART 4 Interest rates, money and prices in the long run 7 Saving, investment and the financial system 8 The basic tools of finance 9 The monetary system 10 Money growth and inflation PART 5 The macroeconomics of open economies 11 Open-economy macroeconomics: Basic concepts 12 A macroeconomics theory of the open economy PART 6: Short-run economics fluctuations 13 Business cycles 14 Keynesian economics and IS-LM analysis 15 Aggregate demand and aggregate supply 16 The influence of monetary and fiscal policy on aggregate demand 17 The short-run trade-off between inflation and unemployment 18 Supply-side policies PART 7 International macroeconomics 19 The Financial Crisis and sovereign debt 20 Trading blocs and common currency areas
