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This textbook is a policy-based introduction to macroeconomics designed for economics students and non-specialists alike, the explanation being verbal and geometric with little recourse to formal mathematics. This fourth edition has been fully revised and updated and contains a new chapter on international trade, comparative advantage and protectionism. There are further new chapters on the IS-LM model, and recent developments in progress towards European Monetary Union are also incorporated. The work aims to appeal to business, MBA and management, and political science students who require a policy-based perspective.
National income determination; financial institutions; the role of money; the IS-LM model for a closed economy; international trade; relationships with the rest of the world; the IS-LM model for an open economy; inflation; objectives of macroeconomic policy; problems of stabilization policy; demand management - fiscal policy; demand management - monetary policy; expenditure switching policies; prices and incomes policy; indexation; supply management policies; the international monetary system; conclusion and debate.
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- ID: 9780745014319
4th Revised edition
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