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Macroeconomics: Understanding the Wealth of Nations

Macroeconomics: Understanding the Wealth of Nations


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About the Book

Miles and Scott deal with sophisticated issues using advanced economic theory but in a manner that is accessible to someone taking a single course in macroeconomics. They discuss real world economic issues and first describe why these issues matter before discussing economic theory. In explaining why certain economic events occur the authors utilise logical economic thinking and modelling but they only introduce models after the real world problem of interest has first been discussed. A distinguishing feature of this text is the focus on the data and detail of the world economy and the use of this material as an entry point into the world of theory.

Table of Contents:
PART 1 - INTRODUCTION Introduction: What is Macroeconomics? The Language of Macroeconomics Analytical Overview PART 2 - ECONOMIC GROWTH AND THE SUPPLY SIDE The Increasing Wealth of Nations Capital Accumulation and Economic Growth Technological Progress Human Capital, Endogenous Growth and Convergence Unemployment and the Labour Market Trade PART 3 - MONEY AND TAXES The Role of Government Fiscal Policy Money and Prices PART 4 - BUSINESS CYCLES AND ECONOMIC POLICY Consumption Investment Business Cycles Stabilisation Policy Monetary Policy PART 5 - EXCHANGE RATES Prices and the Real Exchange Rate Nominal Exchange Rates and Currency Crises Exchange Rate Systems and Global Capital Markets PART 6 - ASSET MARKETS AND THE FINANCIAL SECTOR The Equity Market The Bond Market Real Estate The Banking Sector

Review :
"..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.." (Management Today, December 2001) "..an original and interesting macroeconomics text. It is a self-contained volume which any student and teacher of economics within the higher education sector will find extremely useful..." (Economic Outlook and Business Review, March 2002)


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Product Details
  • ISBN-13: 9780470842881
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Ltd
  • Height: 231 mm
  • Sub Title: Understanding the Wealth of Nations
  • Width: 189 mm
  • ISBN-10: 0470842881
  • Publisher Date: 21 Aug 2001
  • Binding: Paperback
  • Language: English
  • Weight: 1040 gr


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