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Front cover -- Half title -- Editorial Advisory Board -- Title -- Copyright -- Contents -- Introduction -- PART I. THEORETICAL-METHODOLOGICAL FOUNDATIONS IN THE DEVELOPMENT OF MACROECONOMICS -- Theme I. What Is Macroeconomics? -- Theme II. Historical Outline of the Relationship between Macro and Microeconomics -- Theme III. Change-Growth-Development in Macroeconomic Theories -- Theme IV. Macroeconomics in Perspective -- PART II. MACROECONOMICS - PRINCIPLES OF CONDUCT -- Theme V. How to Develop Macroeconomics -- Theme VI. Macroeconomics as a Subject of Study -- Theme VII. Symbolic Dimension of the Economy -- Theme VIII. Change Processes in Macroeconomics -- PART III. GLOBAL MACROECONOMICS -- Theme IX. Global Processes and New Configuration of Economy -- Theme X. Economy in Transition -- Topic XI. Macroeconomy in Networks and Changing the Context of Competition -- Theme XII. Macroeconomics as the Foundation of Economic Strategies -- Theme XIII. Macroeconomics and Human Resources Issues -- Theme XIV. Research Methods in Macroeconomics -- References -- Back cover.

Using real-world case studies and examples, this comprehensive text offers intermediate and applied macroeconomics students a truly European and global perspective. Continuing to successfully combine theory with application, Macroeconomics has been fully updated in this fifth edition to keep students up-to-date with the ever changing macroeconomic environment we are experiencing today.

Introduction to economics -- The principles and practice of economics -- Economic methods and economic questions -- Optimization : doing the best you can -- Demand, supply, and equilibrium -- Introduction to macroeconomics -- The wealth of nations : defining and measuring macroeconomic aggregates -- Aggregate incomes -- Long-run growth and development -- Economic growth -- Why isn't the whole world developed -- Equilibrium in the macroeconomy -- Employment and unemployment -- Credit markets -- The monetary system -- Short-run fluctuations and macroeconomic policy -- Short-run fluctuations -- Countercyclical macroeconomic policy -- Macroeconomics in a global economy -- Macroeconomics and international trade -- Open economy macroeconomics -- Chapters on the web

"Charles Jones's Macroeconomics teaches students to think like modern macroeconomists, with strong and engaging growth coverage and a more intuitive approach to models. Praised by adopters for its clear explanations, flexible organization, timely case studies, data, and emphasis on problem solving, Macroeconomics gives students the practical tools they need to understand and analyze the macroeconomy. This innovative text makes macroeconomics less complicated without sacrificing rigor"--

Introduction to economics -- The principles and practice of economics -- Economic methods and economic questions -- Optimization : doing the best you can -- Demand, supply, and equilibrium -- Introduction to macroeconomics -- The wealth of nations : defining and measuring macroeconomic aggregates -- Aggregate incomes -- Long-run growth and development -- Economic growth -- Why isn't the whole world developed -- Equilibrium in the macroeconomy -- Employment and unemployment -- Credit markets -- The monetary system -- Short-run fluctuations and macroeconomic policy -- Short-run fluctuations -- Countercyclical macroeconomic policy -- Macroeconomics in a global economy -- Macroeconomics and international trade -- Open economy macroeconomics -- Chapters on the web

Introduction to economics -- The principles and practice of economics -- Economic methods and economic questions -- Optimization : doing the best you can -- Demand, supply, and equilibrium -- Introduction to macroeconomics -- The wealth of nations : defining and measuring macroeconomic aggregates -- Aggregate incomes -- Long-run growth and development -- Economic growth -- Why isn't the whole world developed -- Equilibrium in the macroeconomy -- Employment and unemployment -- Credit markets -- The monetary system -- Short-run fluctuations and macroeconomic policy -- Short-run fluctuations -- Countercyclical macroeconomic policy -- Macroeconomics in a global economy -- Macroeconomics and international trade -- Open economy macroeconomics -- Chapters on the web

"Charles Jones's Macroeconomics teaches students to think like modern macroeconomists, with strong and engaging growth coverage and a more intuitive approach to models. Praised by adopters for its clear explanations, flexible organization, timely case studies, data, and emphasis on problem solving, Macroeconomics gives students the practical tools they need to understand and analyze the macroeconomy. This innovative text makes macroeconomics less complicated without sacrificing rigor"--

A tour of the world -- A tour of the book -- The goods market -- Financial markets I -- Goods and financial markets : the IS-LM model -- Financial markets II: the extended S-LM model -- The labor market -- The phillips curve, the natural rate of unemployment, and inflation -- From the short to the medium run : the IS-LM-PC model -- The facts of growth -- Saving, capital accumulation,and output -- Technological progress and growth -- Technological progress : the short, the medium, and the long run -- Expectations -- Financial markets and expectations -- Expectations, consumption, and investment -- Expectations, output, and policy -- Openness in goods and financial markets -- The goods market in an open economy -- Output, the interest rate, and the exchange rate -- Exchange rate regimes -- Should policy makers be restrained? -- Fiscal policy : a summing up -- Monetary policy : a summing up -- Epilogue: the story of macroeconomics.

This book provides a comprehensive view of macroeconomic theory, theories of economic growth and how economic performance is affected by this growth. This second edition now has activities and self-evaluation exercises at the end of each chapter to improve readability and to aid the flow of discussion. Feedback to these activities and exercises is given at the end of the book. The text is structured so that each of the topics can be covered conveniently in a one-semester module. In instances where both microeconomics and macroeconomics need to be taught within a semester, a selection of topics from this book and its companion, Microeconomics - a southern African perspective, may be selected by the instructor.

Introduction -- Economics : foundations and models -- Trade-offs, comparative advantage, and the market system -- Where prices come from : the interaction of demand and supply -- Economic efficiency, government price setting, and taxes -- The economics of health care -- Firms in the domestic and international economies -- Firms, the stock market, and corporate governance -- Comparative advantage and the gains from international trade -- Macroeconomic foundations and long-run growth -- Gdp : measuring total production and income -- Unemployment and inflation -- Economic growth, the financial system, and business cycles -- Long-run growth: sources & policies -- Short-run fluctuations -- Aggregate expenditure and output in the short run -- Aggregate demand and aggregate supply analysis -- Monetary and fiscal policy -- Money, banks, and the federal reserve system -- Monetary policy -- Fiscal policy -- Inflation,unemployment, and federalreservepolicy -- The international economy -- Macroeconomics in an open economy -- The international financial system -- Woods system -- Glossary -- Index

Introduction and measurement issues -- Introduction -- Measurement -- Business cycle measurement -- Basic macroeconomic models : a one-period model and models of search and unemployment -- Consumer and firm behavior : the work-leisure decision and profit maximization -- A closed-economy one-period macroeconomic model -- Search and unemployment -- Economic growth -- Economic growth : malthus and solow -- Income disparity among countries and endogenous growth -- Savings, investment, and government deficits -- A two-period model : the consumption-savings decision and credit markets -- Credit market imperfections : credit frictions, financial crises, and social security -- A real intertemporal model with investment -- Money and business cycles -- Money, banking, prices, and monetary policy -- Business cycle models with flexible prices and wages -- New keynesian economics : sticky prices -- Inflation : phillips curves and neo-fisherism -- International macroeconomics -- International trade in goods and assets -- Money in the open economy -- Money, banking, and inflation -- Money, inflation, and banking : a deeper look -- Index

"Macroeconomics is the study of the economic attributes (including the performance, structure, behavior, and decision-making) of whole systems. Macroeconomists study changes in the aggregate, collecting data on unemployment, growth, inflation, income, saving and spending, trade, and other aspects of regional, national, and international economic life. Policymakers depend on macroeconomists' knowledge of the main elements and basic forces that govern each country's economy and the global economy when making decisions about taxes, industry regulations, trade terms and policies, and more. These decisions in turn affect decisions made by individuals and businesses, especially in a globalized world. This entry into the Essential Knowledge series covers such topics as GDP and its relation to the welfare of people; why some countries grow strongly while others stagnate; the challenges of the labor market in the twenty-first century; the money market and the inflation rate; the implications of having different exchange rate systems -fixed, pegged, bands, floats; household consumption and savings decisions; investment decisions; the current account of the balance of payments; government budgets, taxes and fiscal policy; and the debate on globalization. The book addresses the causes and consequences of recent economic crises like the subprime crisis and Euro crisis. This book draws on examples from economies around the world. Given the author's professional experience as minister of finance for Chile, many examples are drawn from Latin America, but also Asia, Africa, Europe, and the United States"--

A new approach based on microfoundations combined with an essentially Keynesian policy analysis. Highly readable, direct style, with consistent treatment through the short and long run and the closed and open economy, and an international stance comparing theory with data for the Eurozone, UK and US. Up-to-date analysis of financial events.