Macroeconomics Upplaga 3

Macroeconomics 3rd edition blurb The third edition of Macroeconomics remains true to its guiding principle, understand and learn macroeconomic theory through applications of real-world issues and challenges facing the global economy. Whats new Macroeconomics of the global economic and financial crisis Recent events are a running theme in the business cycle chapters, featuring several case studies and boxes. Concepts that drifted to the edge of intermediate macroeconomics curriculums in recent years, such as liquidity traps, market psychology, risk premiums and deflation, receive renewed attention. Monetary policy rules While the text retains its full treatment of money markets, using the LM curve, Chapter 3 Money and Interest rates has been thoroughly re-written to discuss the implications of monetary policy rules, such as the Taylor rule, that many central banks have adopted. The chapter shows how the two approaches relate, offering instructors the option to emphasise one or the other in later chapters. Extended bridge towards graduate macroeconomics The text's concluding chapters offer a bridge towards graduate macroeconomics, with Chapter 16 offering a serious introduction to the New Keynesian and Sticky Information Phillips Curves, and Chapter 17 introducing the real business cycle approach. Glossary and notes on Nobel laureates A comprehensive glossary of all relevant technical terms has been added to the book, as has a new appendix titled Economics Nobel prize winners and earlier giants, introducing students to the names and work of the greatest minds that have contributed to the concepts and models that form the backbone of this textbook. Visit www.pearsoned.co.uk/gartner for a sophisticated, up-to-date, companion website including interactive macroeconomic models equipped with guided exercises, state of the art data analysis and display, multiple choice quizzes and more. Macroeconomics is aimed at courses in intermediate macroeconomics, applied macroeconomics, and on the European economy. Manfred Grtner is Professor of Economics at the University of St.Gallen, Switzerland.