Macroeconomics: Theories and Policies

by Richard T. Froyen

Book Overview

Macroeconomics traces the history, evolution, and challenges of Keynesian economics, presenting a comprehensive, detailed, and unbiased view of modern macroeconomic theory. This book narrates the... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0130328596
• ISBN13: 9780130328595
• Release Date: January 2002
• Publisher: Prentice Hall
• Length: 524 Pages
• Weight: 2.35 lbs.
• Dimensions: 1.0" x 7.3" x 11.1"

Customer Reviews

uses a chronological approach

This book uses a chronological approach when explaining intermediate macroeconomics. To clarify, this book teaches intermediate macroeconomics by following the chronological development of the ideas and their consequent "schools": Classical macroeconomics, the Keynesian model, the Monetarist model, the New Classical model... The contents of the book is: 1. Introduction 2. Measurement of macroeconomic variables 3. Classical macroeconomics I 4. The Classical System II 5. The Keynesian System I 6. The Keynesian System II 7. The Keynesian System III 8. The Keynesian System IV 9. The Monetarist Counterrevolution 10. Output and Inflation 11. New Classical Economics 12. Macroeconomic Models Summary 13. Consumption and Investment Spending 14. Money Demand 15. The Money Supply Process 16. The Supply Side 17. Fiscal Policy 18. Monetary Policy 19. Exchange Rates and the International Monetary System I found his explanations to be quite clear and straight forward. There is little mathematical treatments in the chapters themselves, but the appendices of each chapter provides more mathematical detail and elaboration. The mathematics used is general and theoretical, i.e. you'll see the familiar symbols used in economics: Y, C, M, I, MC... This book is particularly suited if you plan to study, or are currently studying, economic history. Whether you like this book or not depends on whether you like the teaching methodology, i.e. pedagogy. The chronological approach worked well for me, I liked seeing how the ideas developed with time, how they branched out. If you are not a very patient person then you might get bored with it.

macroeconomics

Unlike other macroeconomics texts, this book offers a through treatment of all the primary theories in macroeconomics, classical, Keynesian, monetarist, neo-Keynesian, real business cycles, etc, as well as a lengthy discussion of monetary policy. It does not spend any time on introducing the concepts of supply and demand and other basic economic principles. I used this book in an intermediate macro class and found the explanations very clear. It is also up to date and contains many sidenotes about current events/economic debates.

Good Book!

The book was in new condition and I got it at a great price. I can't ask for more. Thanks!