Macroeconomics and Business

Macroeconomics and Business

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Macroeconomics and Business: An Interactive Approach provides a thorough and comprehensive introduction to macroeconomics. This comprehensive text offers a model of how the macroeconomy works and of how the various sectors of the economy fit together and influence each other. It does so in a new, stimulating and user-friendly way, providing the students with a real understanding of macroeconomics issues. The text tackles all the key issues within macroeconomics. It also discusses the UK economy and explores the economic relationships within the European economy and between the European economy and the rest of the world; it looks at the role of international institutions, at the EU and introduces the global issues of trade and development. Finally, it provides an analysis of the core concepts of the market, price mechanism and market structures. The main features of this title are its distilled, theoretical simplicity and its interactive and participatory approach. This is achieved through the use of fully answered self-test activities and well-structured chapters, all of which include numerous questions and activities, a case study, summary of the main points and suggestions for further reading. A wealth of up-to-date statistical material is used to illustrate the various applications of the theory. These combined features make Macroeconomics and Business: An Interactive Approach an invaluable tool for students of economics, including business studies, social science and engineering and open learning students.The calculation is in fact identical to the one we did for the autonomous tax multiplier. ... of these two policy measures there are two multipliers at work: the government expenditure multiplier = l/MPW and the tax multiplier = - MFC a#39;/MPW.

Title:Macroeconomics and Business
Author:Nadia Tempini Macdonald
Publisher:Cengage Learning EMEA - 1999


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