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Macroeconomics: Understanding the Wealth of Nations

Macroeconomics: Understanding the Wealth of Nations


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About the Book

Revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real--world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it. This new edition has been completely revised and updated with current data, and features new material on key topics including globalization, aid and debt relief, and transition economies. Management Today, December 2001 "..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.." Economic Outlook and Business Review, Issue 17, Vol 1, March 2002 "..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..."

Table of Contents:
Introduction. 1. What is Macroeconomics? 2. The Language of Macroeconomics: The National Income Accounts. Economic Growth and the Supply side. 3. The Wealth of Nations -- the Supply Side. 4. Capital Accumulation and Economic Growth. 5. Total Factor Productivity, Human Capital, and Technology. 6. Endogenous Growth and Convergence. 7. Unemployment and the Labor Market. 8. International Trade. 9. Globalization. Money and Taxes. 10. Fiscal Policy and the Role of Government. 11. Money and Prices. Business Cycles and Economic Policy. 12. Consumption. 13. Investment. 14. Business Cycles. 15. Monetary Policy. 16. Stabilization Policy. Asset Markets and Financial Sector. 17. Equity Markets. 18. The Bond Market. Exchange Rates and Global Capital Markets. 19. Exchange Rate Determination I -- The Real Exchange Rate. 20. Exchange Rate Determinatin II -- Nomial Exchange Rates and Asset Markets. 21. Currency Crises and Exchange Rate Systems.


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Product Details
  • ISBN-13: 9780470868928
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Ltd
  • Edition: Revised edition
  • Language: English
  • Spine Width: 30 mm
  • Weight: 1310 gr
  • ISBN-10: 0470868929
  • Publisher Date: 24 Sep 2004
  • Binding: Paperback
  • Height: 232 mm
  • Returnable: N
  • Sub Title: Understanding the Wealth of Nations
  • Width: 194 mm


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