How to Think and Reason in Macroeconomics 4e (WebPDF)


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    Edition: Fourth
  • Format: eBook
  • ISBN: 9781485104933
  • Extent: 598
  • Published:
  • Category: Economics

R678.00



Why do economic variables change? So what if they do? What happens next? How do economic processes and policy institutions really work? What can policy do?


The answers are found in How to think and reason in Macroeconomics, a popular university text with very positive feedback from students, lecturers and practitioners. It combines well-informed intuitive understanding with solid economic theory plus a concrete understanding of South African economic
processes, institutions and data. In this way it prepares you to analyse macroeconomic events and policies in a globalised and development context.

About the authors

Frederick Fourie has a PhD in Economics from Harvard University, has been Professor of Economics at the University of the Free State (UFS) since 1982, was appointed Distinguished Professor in 1996 and served as Vice-Chancellor of the UFS from 2003–2008. In the early 1990s he was head of the Unit for Fiscal Analysis at the National Treasury. Currently he is Research Co-ordinator of the Research Project on Employment, Income Distribution and Inclusive Growth (REDI), based at the University of Cape Town. He also is editor of the online policy forum Econ3x3. 

Philippe Burger is Professor of Economics and Chairperson of the Department of Economics at the University of the Free State. He is past President of the Economic Society of South Africa and a member of the South African Statistics Council. He is a National Research Foundation rated researcher and has been a research consultant to the OECD and visiting scholar at the IMF. He is the 2002 recipient of the Founder’s Medal of the Economic Society of South Africa for the best PhD thesis at a South African university and was associate editor of the South African Journal of Economics.

  • Part I: How does the economy work?
  • Why macroeconomics? An introduction to the issues
  • The basic model I: consumers, producers and government
  • The basic model II: financial institutions, money and interest rates
  • The basic model III: the foreign sector
  • National accounting identities and macroeconomic analysis: uses and abuses
  • A model for an inflationary economy: aggregate demand and supply
  • Extending the model: inflation and policy reactions
  • Macroeconomics in the very long run: growth theory

 

  • Part II: Macroeconomic policy, unemployment, inflation and growth in an open economy
  • Monetary policy: the role of the Reserve Bank
  • Fiscal policy: the role of the government
  • Policy problems: coordination, lags and schools of thought

  • Second-year macroeconomics courses
  • Second or third year macroeconomic policy courses
  • MBA macroeconomics courses and practicing economists

This edition provides

  • Accessible analysis, theory and diagrams
  • Real-world economic reasoning skills
  • Continuous focus on the open economy
  • Analytical case studies of the global financial crisis, the Euro crisis and the Eskom crisis
  • Theoretical and policy analysis of unemployment, inflation, low growth and inclusive growth, as well as the National Development Plan
  • First-hand, freshly updated information on how South African policy institutions, processes and instruments work
  • Integration of the social and economic realities (notably inequality and poverty) of South Africa as a middle-income developing country
  • Thorough exposure to South African data sources, with many useful data tips
  • Web-based animations that provide unique insights into macroeconomic fluctuations, shocks and policy effects.

This product does not have any reviews yet - be the first to write one.

Why do economic variables change? So what if they do? What happens next? How do economic processes and policy institutions really work? What can policy do?


The answers are found in How to think and reason in Macroeconomics, a popular university text with very positive feedback from students, lecturers and practitioners. It combines well-informed intuitive understanding with solid economic theory plus a concrete understanding of South African economic
processes, institutions and data. In this way it prepares you to analyse macroeconomic events and policies in a globalised and development context.

About the authors

Frederick Fourie has a PhD in Economics from Harvard University, has been Professor of Economics at the University of the Free State (UFS) since 1982, was appointed Distinguished Professor in 1996 and served as Vice-Chancellor of the UFS from 2003–2008. In the early 1990s he was head of the Unit for Fiscal Analysis at the National Treasury. Currently he is Research Co-ordinator of the Research Project on Employment, Income Distribution and Inclusive Growth (REDI), based at the University of Cape Town. He also is editor of the online policy forum Econ3x3. 

Philippe Burger is Professor of Economics and Chairperson of the Department of Economics at the University of the Free State. He is past President of the Economic Society of South Africa and a member of the South African Statistics Council. He is a National Research Foundation rated researcher and has been a research consultant to the OECD and visiting scholar at the IMF. He is the 2002 recipient of the Founder’s Medal of the Economic Society of South Africa for the best PhD thesis at a South African university and was associate editor of the South African Journal of Economics.

  • Part I: How does the economy work?
  • Why macroeconomics? An introduction to the issues
  • The basic model I: consumers, producers and government
  • The basic model II: financial institutions, money and interest rates
  • The basic model III: the foreign sector
  • National accounting identities and macroeconomic analysis: uses and abuses
  • A model for an inflationary economy: aggregate demand and supply
  • Extending the model: inflation and policy reactions
  • Macroeconomics in the very long run: growth theory

 

  • Part II: Macroeconomic policy, unemployment, inflation and growth in an open economy
  • Monetary policy: the role of the Reserve Bank
  • Fiscal policy: the role of the government
  • Policy problems: coordination, lags and schools of thought

  • Second-year macroeconomics courses
  • Second or third year macroeconomic policy courses
  • MBA macroeconomics courses and practicing economists

This edition provides

  • Accessible analysis, theory and diagrams
  • Real-world economic reasoning skills
  • Continuous focus on the open economy
  • Analytical case studies of the global financial crisis, the Euro crisis and the Eskom crisis
  • Theoretical and policy analysis of unemployment, inflation, low growth and inclusive growth, as well as the National Development Plan
  • First-hand, freshly updated information on how South African policy institutions, processes and instruments work
  • Integration of the social and economic realities (notably inequality and poverty) of South Africa as a middle-income developing country
  • Thorough exposure to South African data sources, with many useful data tips
  • Web-based animations that provide unique insights into macroeconomic fluctuations, shocks and policy effects.

This product does not have any reviews yet - be the first to write one.