Macroeconomics: A European Text (7th edition)

ISBN : 9780198737513

Michael Burda; Charles Wyplosz
624 ページ
189 x 246 mm

Macroeconomics teaches students to be young economists, providing a contemporary approach to the subject and a wealth of real-life case studies to allow students to understand how economics works in practice. Responding to the financial crisis, this text explains the modern approach to macroeconomics with simplicity and rigour, while retaining the focus on particular characteristics of the European economy. The authors analyse different theoretical approaches and contextualise theory with up-to-date monetary policy examples. Helpful learning features throughout the text including; boxes, chapter summaries, key concepts, end of chapter exercises, and essay questions, support students' learning, and the book is accompanied by an extensive Online Resource Centre designed to help students take their learning further. Online Resource Centre: Student Resources: Sample exam questions Multiple choice questions Review questions Web appendices Web links Lecturer Resources: Power Point slides Excel based exercises for macroeconomic modelling Lecture plans Case studies Revision questions Solutions to end-of-chapter exercises Test bank VLE cartridge


Part I: Introduction to Macroeconomics
1 What is Macroeconomics?
2 Macroeconomic Accounts

Part II: The Macroeconomy in the Long Run
3 The Fundamentals of Economic Growth
4 Labour Markets and Unemployment
5 Money, Prices, and Exchange Rates in the Long Run

Part III: The Macroeconomy in the Short Run: the Building Blocks
6 Borrowing, Lending, and Budget Constraints
7 Asset Markets
8 Private Sector Demand: Consumption and Investment
9 Money and the Demand for Money
10 The Supply of Money and Monetary Policy

Part IV: Macroeconomic Equilibrium
11 Macroeconomic Equilibrium in the Short Run
12 International Capital Flows and Macroeconomic Equilibrium
13 Output, Employment, and Inflation
14 Aggregate Demand and Aggregate Supply
15 The Exchange Rate

Part V: Macroeconomic Policy in a Global Economy
16 Demand Management Policies
17 Fiscal Policy, Debt, and Seigniorage
18 Policies for the Long Run
19 The Architecture of the International Monetary System
20 Epilogue


Michael Burda is Professor of Economics at Humboldt University, Berlin. ; Charles Wyplosz is Professor of Economics at The Graduate Institute, Geneva