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Macroeconomics
A southern African perspective
M OCRAN
The book provides a thorough but concise exposure to macroeconomics to post school students as well as those studying economics for the first time. Following an introduction that gives an overview of macroeconomics as well as a brief discussion of the main macroeconomic problems that societies face, the book then looks at national income accounting and economic performance. The book looks at the unemployment problem. There is also a discussion of aggregate supply and demand theory, and the role of that theory in explaining the determinants of aggregate economic output and employment. The problem of inflation and is also discussed. The reality that the economies of most countries are interconnected with that of the rest of the world is discussed under open economy. The book then discusses economic growth in both the short and the long run.
978 1 48511 582 3 2e 2017
352 PAGES
ZAR R279.00
CONTENTS
• Introduction to macroeconomics
• National income accounting and
economic performance
• Labour market and the problem of
• •
Money, prices and the problem of inflation
Open macroeconomy: International trade, exchange rate and the balance of payment
Economic growth in the short run Economic growth in the long runç
unemployment
• Aggregate demand and aggregate
• supply •
KEY FEATURES
• An extensive re-working of the old text and simplification of the material in the old book
• Economic growth presented in a freshway
• Highlights economic growth variability in the short run and the relationship
between long-run growth in income per person and economic development
• Includes relevant examples from South Africa
• Reduced volume.
ABOUT THE AUTHORS
Matthew Kofi Ocran is Professor of Economics and Head of the Department of Economics at the University of the Western Cape. He is also a Visiting Professor of at the University of Cape Town’s Graduate School of Business.
Prof Ocran holds a BSc and MPhil degrees from the University of Ghana and a PhD from Stellenbosch University. He has won numerous prestigious academic awards and research grants from (among others) the Research Department of the International Monetary Fund (IMF) in Washington DC as an IMF/AERC Visiting Scholar (2006), and from the Nairobi-based African Economic Research Consortium (on two occasions).
SUITABLE FOR
Undergraduate students studying Economics for the first time, academics and managers.
JUTA BUSINESS CATALOGUE | 2018/2019
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