Name: Macroeconomics
Author: Michael Parkin
ISBN: 9780201336269

Macroeconomics

Michael Parkin

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Author Description

This edition provides a theoretical basis and a real-world context for understanding current events, enabling the reader to use basic macro models to interpret those events. Topics covered include: macroeconomic analysis, looking at the basic framework and the classical IS-LM model; saving, investment and growth; and business cycles. Macroeconomic policies, including unemployment and inflation, monetary policy, government spending, financial markets and the macroeconomy, are examined in detail.

Menrva's Summary

THE THESIS

This text investigates the fundamental mechanisms of macroeconomic systems and their application to real-world economic events. Michael Parkin, a recognized authority in economic education, utilizes a structured theoretical framework to bridge the gap between abstract models and practical policy analysis. The book provides a rigorous foundation for students to interpret complex financial data and government interventions through the lens of established economic theory.

THE SCOPE MAP

What You Will Find

Comprehensive analysis of the classical IS-LM model and its modern applications.
Detailed examination of saving, investment, and long-term economic growth patterns.
In-depth study of business cycles, unemployment, and inflation dynamics.
Evaluation of monetary policy, government spending, and the function of financial markets.

THE AUTHORITY PERSPECTIVE

Experts frequently cite this work as a foundational text for undergraduate economics curricula due to its clear integration of theory and current events. Readers often note the academic density of the prose, which serves to provide a thorough grounding in macroeconomic principles for serious students of the field.

Page Count:
522

Publication Date:
1997-01-01

Publisher:
Longman Pub Group

ISBN-10:
020133626X

ISBN-13:
9780201336269

Economics

Business

Finance

textbook

Macroeconomics