Product Description: Takes an open economy approach to macroeconomics, and includes macro theory at work in Russia, Poland and Bolivia.* a focus throughout the book on the global economy and the international aspects of macroeconomics recognizes that all economies in the world are linked through international markets for goods, services, and capital. Open-economy models are used throughout the book. * the ways that countries differ in their important macroeconomic institutions (such as in the patterns of wage setting) are carefully examined, and then those institutional differences are related to observed differences in macroeconomic performance. * recent advances in macroeconomic theory are covered, particularly regarding the role of expectations; the intertemporal choices of households, firms, and the government; and the modern theory of economic policy, including the problems of time consistency and international policy coordination. * boxed features examine topics of interest including "Social Security and Saving", "The Central Bank and Politics", "Currency Convertibility", "The Sacrifice Ratio and the Reagan Disinflation", and "Social Development and the Debt Crisis". * each chapter concludes with a Summary, Key Concepts, and Problems and Questions.
For thoose that have doughts about macroeconomics This it is the book that invited me to study Macroeconomics. It is a text that without losing the scientific rigor, appears simple and useful, simultaneously as deep and integral, without use of heavy mathematics, which normally invites students of the first courses to abandom the subject. I recommend it widely
Este es el libro que me invitó a estudiar la Macroeconomía. Es un texto que sin perder el rigor cientifico, se presenta sencillo y útil, a la vez que profundo e integral, sin el uso de elevadas matemáticas, que por lo regular invitan a abandonar el estudio a los alumnos de los primeros cursos. Lo recomiendo ampliamente
a very good book to begin the macroeconomics study It's not a a book for some one who wants to become an expert in macroeconomics, but if you are a begginer, or if you want to have a macroeconomic book fpr further review, this is an excellent book.
The best when you are learning macroeconomics Is a very interesting book, specially for people who are studing in Latin America, like me.
Anything Goes Trivia
Megaton Man
Trevor
