Macroeconomics in the Global Economy

Abstract

Part 1 Introduction: basic concepts in macroeconomics output determination - introducing aggregate supply and aggregate demand. Part 2 Intertemporal economics: consumption and saving investment saving, investment and the current account the government sector. Part 3 Monetary economics: money demand the money supply process money, exchange rates and prices inflation - fiscal and monetary aspects. Part 4 Output determination, stabilization policy and growth: macroeconomic policies and output determination in the closed economy macroeconomic policies in the open economy - the case of fixed exchange rates, the case of flexible exchange rates inflation and unemployment institutional determinants of wages and unemployment explaining business cycles long-term growth. Part 5 Special topics in macroeconomics: the theory and practice of economic policy financial markets tradeable and non-tradeable goods the developing country debt crisis stopping high inflations.

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