Cover; Contents; Acknowledgements; 1 -- Introduction; 2 -- The National Accounts; 3 -- The Neoclassical Macro Model; 4 -- The Simple Keynesian Model; 5 -- Investment and Interest Rates; 6 -- The IS-LM Model; 7 -- Fiscal and Monetary Policies in the IS-LM Model; 8 -- The Aggregate Supply and Demand Model; 9 -- Introducing the Open Economy; 10 -- Credit and Crisis: An Epilogue; Index; About the Authors
Summary
Macroeconomics Simplified explains the intuition behind Keynesian and neoclassical macroeconomics using graphs and simple algebra. It provides students with a strong conceptual basis for understanding the tension between Keynesian and neoclassical systems that has once again came to the forefront since the 2007-08 financial crisis. The book shows how theoretical perspectives affect macroeconomic policy choices and proposes a pragmatic approach to policy that is sensitive to prevailing economic conditions. Students of economics and business alike will enjoy its concise and engaging analysis and
