Principles of Macroeconomics

By Joseph G. Nellis & David Parker
December 2004
Financial Times / Pearson Education Limited
ISBN: 0273646141
488 pages, Illustrated
$92.50 Paper Original

Principles of Macroeconomics is an invaluable reference source for MBA students and managers, whether on a short course or as a reference work for the bookshelf, and is an ideal summary for undergraduates and postgraduates on a short introductory course, and for aspiring managers wishing to improve their knowledge and skills.

The aim of this book is to provide a clear and concise picture of the way in which an economy works and why different governments adopt different economic policies. This book gives managers an understanding of the economic interrelationships and their impact on business and teaches how to reach sound business decisions in a dynamic economy. This book will help managers understand the impact of economics on business.

List of applications
List of figures and tables
Publisher's acknowledgements
1. Macroeconomics - concepts, aims and policy
2. The measurement of economic activity
3. Modeling the economy - the circular flow of income
4. The determination of economic activity
5. Aggregate demand and aggregate supply
6. Management of the economy - an overview
7. Fiscal policy and government finances
8. Money, banking and interest rates
9. Monetary policy
10. Economic growth and supply-side economics
11. Inflation - causes, consequences and policy implications
12. Employment and unemployment - measurement and policy
13. International trade - theory and policy
14. Balance of payments
15. Exchange rates
16. Institutions in the international economy
17. Understanding business cycles
18. Market forces and macroeconomic management

" Applied approach to the subject of macroeconomics with each chapter structured as follows: Aims and Learning Outcomes Key Learning Points throughout the text "Application Boxes" throughout the text Topics for Discussion Supporting website material including a full set of PowerPoint slides Guidance notes for all exercises included in the book
" Accessible approach - technical jargon and mathematical treatment are kept to a minimum and discussion is supported by clear graphical analyses.
" Very latest developments in macroeconomics and the macroeconomic environment are reflected.
" Latest QAA requirements with respect to teaching and learning strategies are reflected in the structure of the book.
" Integrated applications in each chapter reinforce and test the reader's understanding of key concepts.
" Topics for Discussion in each chapter stimulate thinking and encourage the practical application of the subject.
" A detailed glossary is included at the end of the book for easy reference.
" A downloadable web supplement is available for lecturers and students at

This includes Guidance Notes on answering the Topics for Discussion in each chapter and a set of Overhead Transparency Masters, using PowerPoint, to support the book.

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