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34 Business CATALOGUE 2025|2026978 1 48513 047 5 ZAR R843.00978 1 48513 048 2 ZAR R715.005th EDITION 2019 Ed600 PAGESe-BOOKSUPPORT MATERIALHow to Think and Reason in MacroeconomicsA South African textF FOURIE & P BURGERHow does the South African economy work? Why do macroeconomic variables change? So what if they do? What happens next? How do economic processes and policy institutions really work? How can we reduce unemployment and maintain low inflation? What about poverty and inequality? The answers are given in How to think and reason in Macroeconomics %u2013 A South African Text, a university textbook with excellent feedback from students, lecturers and practitioners. This fifth edition with updated context and case studies combines practical information with solid economic theory plus a discussion of South African economic issues, processes, institutions and data. It enables the reader to analyse macroeconomic events and policies in a globalised and development context, and understand the different perspectives in policy and political-economic debates.KEY FEATURES%u2022 Accessible analysis, theory and diagrams, combining intuitive understanding and sophisticated analysis %u2022 A choice of learning routes with different levels of difficulty and mathematics %u2022 Real-world economic reasoning, not dry theory %u2022 Online animations that illustrate macroeconomic fluctuations and shocks %u2022 Continuous focus on South Africa as an open economy in an African and global context shaped by China, Trump%u2019s trade wars and Brexit %u2022 Theoretical and policy analysis of unemployment, inflation, low growth and inclusive growth, and the NDP %u2022 Analytical case studies of the global financial crisis, quantitative easing, the Euro crisis and the Eskom crisis %u2022 First-hand, updated insights into how South African policy institutions, processes and instruments work %u2022 Relevant South African data sources, with useful data tips %u2022 An integration of the structural social and economic realities (notably inequality and poverty) of South Africa %u2022 Incorporation of broader considerations, such as sustainable development.www.juta.co.za24mmFIFTHEDITION Macroeconomics and reason in How to think Philippe Burger Frederick C v N Fourie FIFTH EDITIONMacroeconomics How to think and reason in Frederick C v N Fourie Philippe Burger A SOUTH AFRICAN TEXT How does the South African economy work? Why do macroeconomic variables change? So what if they do? What happens next? How do economic processes and policy institutions really work? How can we reduce unemployment and maintain low inflation? What about poverty and inequality?The answers are given in How to think and reason in Macroeconomics %u2013 A South African text, a university textbook with excellent feedback from students, lecturers and practitioners. This fifth edition with updated context and case studies combines practical information with solid economic theory plus a discussion of South African economic issues, processes, institutions and data. It enables the reader to analyse macroeconomic events and policies in a globalised and development context, and understand the different perspectives in policy and political-economic debates.This textbook contains:%u2022 Accessible analysis, theory and diagrams, combining intuitive understanding and sophisticated analysis%u2022 A choice of learning routes with different levels of difficulty and mathematics %u2022 Real-world economic reasoning, not dry theory%u2022 Online animations that illustrate macroeconomic fluctuations and shocks%u2022 Continuous focus on South Africa as an open economy in an African and global context shaped by China, Trump%u2019s trade wars and Brexit%u2022 Theoretical and policy analysis of unemployment, inflation, low growth and inclusive growth, and the NDP%u2022 Analytical case studies of the global financial crisis, quantitative easing, the Euro crisis and the Eskom crisis%u2022 First-hand, updated insights into how South African policy institutions, processes and instruments work%u2022 Relevant South African data sources, with useful data tips%u2022 An integration of the structural social and economic realities (notably inequality and poverty) of South Africa %u2022 Incorporation of broader considerations, such as sustainable development.The book covers the main topics for a second-year or MBA course in Macroeconomics or a third-year course on Macroeconomic Policy. Any manager or practising economist will also find this a lifelong handy reference source on how the economy works.ABOUT THE AUTHORSFrederick Fourie has a PhD in Economics from Harvard University, has been Professor of Economics at the University of the Free State since 1982, was appointed Distinguished Professor in 1996, and served as Vice-Chancellor there from 2003%u20132008. In the 1990s he was founding head of the Unit for Fiscal Analysis at the National Treasury and a member of the first Competition Tribunal. From 2012-2018 he was Research Co-ordinator of the Research Project on Employment, Income Distribution and Inclusive Growth (REDI3x3), based at the University of Cape Town. He is founding editor of the online policy forum Econ3x3 and editor and co-author of The South African informal sector: Creating jobs, reducing poverty(2018).Philippe Burger is Professor of Economics, Vice Dean of the Faculty of Economics and Management Sciences and Pro Vice-Chancellor: Poverty, Inequality and Economic Development at the University of the Free State. He is a past President of the Economic Society of South Africa (ESSA) and was 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%u2019s Medal of ESSA for the best PhD thesis at a SA university and was associate editor of the South African Journal of Economics. He is the author of Getting it right: A new economy for South Africa (2018).SUITABLE FOR%u2022 Second-year Macroeconomics courses %u2022 Second-year or third-year Macroeconomic Policy courses %u2022 MBA Macroeconomics courses and practising economists.NEW EDITIONFORTHCOMING