Rethinking Macroeconomics: An introduction by John F. McDonald (English) Paperba

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The field of macroeconomics has always played host to contesting schools of thought, but the recent Global Financial Crisis has exacerbated those differences. In order to fully understand macroeconomics at the introductory level, students need to be aware of these controversies. Rethinking Macroeconomics introduces students to the different schools of thought, equipping them with the knowledge needed for a real understanding of today's macro economy. The text guides the reader through various approaches to the analysis of the macro economy of the U.S., before presenting the data for several critical economic episodes, in order to discover which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, and the creation of the money supply. Offering the context that is missing from existing introductory macroeconomics texts, John F. McDonald encourages students to think critically about received economic wisdom. This text is the ideal complement to any introductory macroeconomics textbook and is best suited for undergraduate students who have had an introductory course in economics.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Author Biography

John F. McDonald is Emeritus Professor of Economics at the University of Illinois at Chicago, and Gerald W. Fogelson Distinguished Chair in Real Estate Emeritus from Roosevelt University, USA.

Table of Contents

Chapter 1 Rethinking MacroeconomicsChapter 2 Keynesian Theory and PolicyChapter 3 Keynesian Theory after KeynesChapter 4 The Monetarist School of Thought and Monetary Policy RulesChapter 5 Real Business Cycles and Supply Side EconomicsChapter 6 Austrian Capital and Business Cycle TheoryChapter 7 World War I and AftermathChapter 8 Depression, War, and AftermathChapter 9 The 1950s and 1960s: A Time of Economic GrowthChapter 10 The Years of StagflationChapter 11 The Great ModerationChapter 12 Financial Crisis and Deep RecessionChapter 13 Conclusion: What Do People in Authority Use?

Review

'Rethinking macroeconomics is a book full of insights for anybody looking for an understandable introduction to macroeconomics with an eye towards history. McDonald outlines key ideas of different macroeconomic schools of thought, and puts them in context through a number of chapters focused on historical developments since World War I.' — Rudi von Arnim, University of Utah, USA.

Review Quote

' Rethinking macroeconomics is a book full of insights for anybody looking for an understandable introduction to macroeconomics with an eye towards history. McDonald outlines key ideas of different macroeconomic schools of thought, and puts them in context through a number of chapters focused on historical developments since World War I.' -- Rudi von Arnim, University of Utah, USA.

Details ISBN1138644064 Author John F. McDonald Short Title RETHINKING MACROECONOMICS Language English ISBN-10 1138644064 ISBN-13 9781138644069 Media Book Format Paperback Residence london, ENK Year 2016 Imprint Routledge Place of Publication London Country of Publication United Kingdom DEWEY 339 Pages 182 Subtitle An introduction Publication Date 2016-05-27 UK Release Date 2016-05-27 AU Release Date 2016-05-27 NZ Release Date 2016-05-27 Illustrations 14 Tables, black and white; 19 Line drawings, black and white; 19 Illustrations, black and white Publisher Taylor & Francis Ltd Alternative 9781138644052 Audience Tertiary & Higher Education Replaced by 9780367762926 We've got this

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