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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

Part I. Introduction to economics -- Part II. Introduction to macroeconomics -- Part III. Long-run growth and development -- Part IV. Equilibrium in the macroeconomy -- Part V. Short-run fluctuations and macroeconomic policy -- Part VI. Macroeconomics in a global economy.

"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.