Macroeconomics Principles, Applications and Policy Implications
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Book Overview
Macroeconomics Principles, Applications and Policy Implications introduces students to foundational principles of modern economics with real-world applications. The text draws connections between key concepts and sports, music, entertainment, the housing market, the bond market, the stock market, the loanable funds market, and other related financial markets.
The book begins by addressing the scarcity of economic resources and the rationale for studying economics in order to maximize the economic and social impact of limited resources. Later chapters introduce supply and demand models, criteria for determining market efficiency, key macroeconomic variables, Keynesian macroeconomics, and fiscal and monetary policy. Students learn about the policy implications for business cycle fluctuations, basic theories of monetary economics, and the current state of the budget deficit and public debt for the U.S. economy. The text addresses the causes and consequences of inflation and unemployment, including the theory of inflation and unemployment tradeoffs resulting in stagflation. Closing chapters discuss the open economy macro model, as well as the foreign exchange market and its role in the global economy.
Macroeconomics Principles, Applications and Policy Implications is an ideal resource for foundational courses in economics.
Nurul Samiul Aman holds a Ph.D. from Capella University with specialization in information economics, a master's degree in economics and M.B.A. in finance from Northeastern University, and a B.A. in economics from Dhaka University. He is a senior lecturer at the University of Massachusetts, Boston, where he teaches courses in the principles of micro and macroeconomics, micro and macroeconomics theories and applications, economic development, money and financial institutions, and comparative economic systems. Dr. Aman is also a financial economist, a visiting professor at various universities overseas, and an international speaker.
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