| Edition |
First edition. |
| Description |
1 online resource (137 pages). |
|
text file PDF |
|
Economics teachers |
|
University and college faculty members |
|
Men |
|
Utahns |
| Series |
Economics collection,
2163-7628
|
|
Economics collection.
2163-7628
|
| Note |
Title from PDF title page (viewed on September 26, 2014). |
| Bibliography |
Includes bibliographical references (pages 131-134) and index. |
| Contents |
1. Introduction -- 2. Macroeconomic indicators -- 3. Aggregate expenditure -- 4. The aggregate market model -- 5. Fiscal policy -- 6. Monetary policy -- 7. What have we learned? -- References -- Index. |
| Summary |
Because macroeconomics is grounded in microeconomics and uses mathematical models to simplify and illustrate complex processes, learning it can be difficult. Traditional macroeconomic-principles textbooks fail to connect topics and models in a concise, cohesive, and meaningful way. So, it should not surprise when a 2008 presidential candidate says, "Economics is something that I've really never understood" (Zuckman 2008). This book overcomes these shortcomings with better topic selection and organization, by literally building a model of the macroeconomy, and utilizing a single hypothetical numerical example throughout the book to teach the principles. Keynesian economics, a school of economic thought based on the views of the British economist John Maynard Keynes (1883 to 1946), is used to construct the model of the macroeconomy because it is elegant, simplistic, intuitive, and politicians apply it when enacting stimulus bills. That said, the book is not an endorsement of Keynesian economics, nor does it suggest that mathematical modeling is the quintessential element of economic analysis. Only by building this model upon a Keynesian foundation can one truly appreciate the various perspectives in economics, the limitations of mathematical modeling, and why politicians tend to prescribe Keynesian solutions. This book allows business executives, graduate and undergraduate students, policy makers, and others to gain a fuller understanding of how the macroeconomy reacts to economic shocks and policy changes from several economic perspectives. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Macroeconomics.
|
|
Macroeconomics. |
|
Economic policy.
|
|
Economic policy. |
| Indexed Term |
aggregate demand |
|
aggregate expenditure |
|
Austrian economics |
|
consumption function |
|
crowding-out |
|
demand and supply |
|
discount rate |
|
fiscal policy |
|
fiscal policy lags |
|
fiscal policy multipliers |
|
fractional reserve banking |
|
free trade |
|
interest on reserves |
|
long run aggregate supply |
|
monetary policy |
|
open market operations |
|
rational expectations |
|
required reserves ratio |
|
short run aggregate supply |
|
supply-side economics |
|
Chicago school |
|
classical school |
|
federal funds market |
|
Keynesian school |
| Genre/Form |
Electronic books.
|
| Other Form: |
Snarr, Hal W. Learning basic macroeconomics. First edition. New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2014 9781631570827 (OCoLC)891574339 |
| ISBN |
9781631570827 (electronic book) |
|
163157082X (electronic book) |
|
9781631570810 (paperback) |
|
