
Rethinking Macroeconomics
An introduction
John F. McDonald(Author)
Routledge (Publisher)
1st Edition
Published on 31. May 2016
Book
Hardback
182 pages
978-1-138-64405-2 (ISBN)
Article exhausted; check for reprint
Description
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.
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.
Reviews / Votes
'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.More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Illustrations
19 s/w Abbildungen, 19 s/w Zeichnungen, 14 s/w Tabellen
14 Tables, black and white; 19 Line drawings, black and white; 19 Illustrations, black and white
Dimensions
Height: 234 mm
Width: 156 mm
Weight
408 gr
ISBN-13
978-1-138-64405-2 (9781138644052)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
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Book
09/2021
2nd Edition
Routledge
€230.30
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Additional editions

Book
05/2016
1st Edition
Routledge
€73.31
Article exhausted; check for reprint
Person
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.
Content
Chapter 1 Rethinking Macroeconomics
Chapter 2 Keynesian Theory and Policy
Chapter 3 Keynesian Theory after Keynes
Chapter 4 The Monetarist School of Thought and Monetary Policy Rules
Chapter 5 Real Business Cycles and Supply Side Economics
Chapter 6 Austrian Capital and Business Cycle Theory
Chapter 7 World War I and Aftermath
Chapter 8 Depression, War, and Aftermath
Chapter 9 The 1950s and 1960s: A Time of Economic Growth
Chapter 10 The Years of Stagflation
Chapter 11 The Great Moderation
Chapter 12 Financial Crisis and Deep Recession
Chapter 13 Conclusion: What Do People in Authority Use?
Chapter 2 Keynesian Theory and Policy
Chapter 3 Keynesian Theory after Keynes
Chapter 4 The Monetarist School of Thought and Monetary Policy Rules
Chapter 5 Real Business Cycles and Supply Side Economics
Chapter 6 Austrian Capital and Business Cycle Theory
Chapter 7 World War I and Aftermath
Chapter 8 Depression, War, and Aftermath
Chapter 9 The 1950s and 1960s: A Time of Economic Growth
Chapter 10 The Years of Stagflation
Chapter 11 The Great Moderation
Chapter 12 Financial Crisis and Deep Recession
Chapter 13 Conclusion: What Do People in Authority Use?