macroeconomics, 3rd edition
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Promotional leaflet for 'Macroeconomics, 3rd Edition' by David Miles, Andrew Scott and Francis BreadonTRANSCRIPT
MacroeconoMicsUnderstanding the global economy
3rd Edition
David Miles (Bank of England, UK) Andrew Scott (London Business School, UK) Francis Breedon (Queen Mary, University of London, UK)
Order your inspection copy at www.macroeconomics3rdedition.com
The perfect mix of sound pedagogy with contemporary material …
“reading this textbook reminded me why i love macroeconomics. it is very readable, packed full of topical examples and the questions at the end of each chapter are a really helpful way of ensuring your mind takes in the material.”
Jim o’neil, goldman sachs
“this third edition of a highly successful textbook integrates the lessons from the current financial crisis fully into its analytical framework. it is a model of clarity, and is interesting and fun to read.”
mervyn King, governor of the bank of england
“ this third edition … explains clearly the key insights of economic theory and uses a wealth of real world data to make the relevance of the theory come alive. it is particularly valuable in its focus on the interaction between finance and the real economy, a subject inadequately addressed in much recent economics. it aims to make the reader a sophisticated consumer of economics and is excellently crafted to achieve that objective.”
adair turner, the Financial services authority (Fsa)
Macroeconomics: Understanding the Global Economy,
3rd Edition is designed to help students understand
contemporary and past economic events that shape
the world we live in, and at a sophisticated level. But it
does so without focusing on mathematical techniques
and models for their own sake.
Theory is taken seriously – so much so that the authors
go to pains to understand the key aspects of theories
in a way that will not put people off before they see
how theories are useful to analyse issues. The authors
believe that theories are essential to better understand
the world, thus the book includes a wealth of historic
and current episodes and data to both see how theories
can help interpret the world and also to judge their
validity.
Economies today are very inter-connected; what
happens in China matters pretty much everywhere;
and what happens in one (even small) country in the
euro zone has implications for the whole euro area
and beyond, consequently Macroeconomics, 3rd Edition
adopts a very international focus.
Would your students benefit from a range of real-life international examples?
Are you looking for a textbook that draws upon real world data?
Do your students struggle with mathematical problems?
View a sample chapter at www.macroeconomics3rdedition.com
FEATurES:
• NEW ViDEO clipS - the authors have provided comprehensive lecture videos to aid student comprehension in areas such as gdP and happiness, long run growth and the brics, fiscal multipliers, monetary policy and more. a sample is available online at www.macroeconomics3rdedition.com. Please see the reverse of this leaflet for further details.
• two new chapters on banking and sovereign debt and default.
• thoroughly updated to include extensive discussion of the financial crisis and global recession and extraordinary policy responses to it (eg Quantitative easing).
• significantly increased coverage of the macroeconomic role of financial markets and financial intermediaries.
• greater coverage of the brics and other developments such as environmental economics and sovereign Wealth Funds.
e-textbook available
View a sample video clip at www.macroeconomics3rdedition.com
cONTENTS:
Preface
pArT ONE. iNTrODucTiON Chapter 1. What Is Macroeconomics? Chapter 2. The Language of Macroeconomics: The National Income Accounts
pArT TWO. EcONOMic GrOWTh AND ThE Supply SiDE Chapter 3. The Wealth of Nations: The Supply Side Chapter 4. Capital Accumulation and Economic Growth Chapter 5. Total Factor Productivity, Human Capital and Technology Chapter 6. Endogenous Growth and Convergence Chapter 7. Unemployment and the Labour Market Chapter 8. International Trade Chapter 9. Globalization
pArT ThrEE. BuSiNESS cyclES AND EcONOMic pOlicy Chapter 10. Consumption and Investment Chapter 11. Business Cycles Chapter 12. Money and Prices Chapter 13. Monetary Policy Chapter 14. Fiscal Policy and the Role of Government Chapter 15. Stabilization Policy
pArT FOur. ASSET MArkETS AND ThE FiNANciAl SEcTOr Chapter 16. Financial Markets: Equities and Bonds Chapter 17. The Banking Sector Chapter 18. Sovereign Debt and Default
pArT FiVE. ExchANGE rATES AND GlOBAl cApiTAl MArkETS Chapter 19. Exchange Rate Determination I: The Real Exchange Rate Chapter 20. Exchange Rate Determination II: Nominal Exchange Rates
and Asset Markets Chapter 21. Currency Crises and Exchange Rate Systems Glossary Notes Index
MacroeconoMicsunderstanding the Global Economy, 3rd Edition
David Miles (Bank of England, UK), Andrew Scott (London Business School, UK), Francis Breedon (Queen Mary, University of London, UK)
iSBN: 978-1-1199-9571-5 • paperback • 640 pages March 2012 • £49.99 / €60.00
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FOr lEcTurErS:
NEW! ViDEO clipS - the authors have provided comprehensive lecture videos to aid student comprehension. the video clips cover:
• GDp and happiness and inequality – relates to chapters 2 and 3
• long run Growth and the Brics – relates to chapters 4, 5 and 6
• Fiscal Multipliers, crowding out and ricardo – relates to chapters 14 and 15
• how Does Trade Work and Trade protectionism – relates to chapter 8
• Monetary policy, Zero Bound, liquidity Traps and QE – relates to chapters 12 and 13
• Fragility of common currency - relates to chapters 20 and 21
• Sovereign Debt and Debt Sustainability – relates to chapter 18
• Balance of payments, Global imbalances and Fx reserves – relates to chapters 9 and 19
PowerPoint slides – updated at regular intervals due to the fast-changing nature of today’s economy.
instructor’s manual
extensive testbank
solutions to Questions and Quizzes
FOr STuDENTS:
includes video resources, student quizzes and further reading links
Visit www.macroeconomics3rdedition.com for a sample chapter, sample video, and to request a copy
media and sUPPlements