A concise but clear introduction to macroeconomics. Situates economics within the local South African context. Aimed at first year students, and lecturers who want more flexibility in their adoption decisions.
- A companion text, Understanding microeconomics, is also available.Contents include the following:
- Basic concepts, relationships and issues
- Measuring the performance of the economy
- A simple Keynesian model of the economy
- The government and fiscal policy
- The foreign sector
- Money and monetary policy
- More on macroeconomic theory and policy
- Inflation
- Unemployment and the Phillips curve
- Economic growth and business cycles