Description
Book SynopsisAbout our author
Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics.
Professor Parkin's research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price
Table of Contents
PART 1: INTRODUCTION
- What is Economics?
- The Economic Problem
- Demand and Supply
PART 2: MONITORING MACROECONOMIC PERFORMANCE
- Monitoring the Value of Production: GDP
- Monitoring Jobs and Inflation
PART 3: MACROECONOMIC TRENDS
- Economic Growth
- Finance, Saving, and Investment
- Money, the Price Level, and Inflation
- The Exchange Rate and the Balance of Payments
PART 4: MACROECONOMIC FLUCTUATIONS
- Aggregate Supply and Aggregate Demand
- Expenditure Multipliers
- The Business Cycle, Inflation, and Deflation
PART 5: MACROECONOMIC POLICY
- Fiscal Policy
- Monetary Policy
- International Trade Policy
