Macroeconomics: A European Text - Hardcover

Burda, Michael

9780198774693: Macroeconomics: A European Text

Hardcover

ISBN 10: 0198774699 ISBN 13: 9780198774693

Publisher: Oxford University Press, 1997

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Building upon the success of the first edition, this new edition of Macroeconomics: A European Text is fully revised and updated and provides a comprehensive analysis of macroeconomics within a European and global context. With an emphasis upon greater accessibility and clarity the text presents competing approaches in a balanced and lucid manner with continual reference to data and examples from the real world. This text is innovative in four important respects: - it offers a contemporary approach that incorporates the `new' macroeconomics and emphasises microeconomic foundations and intertemporal aspects - it progresses rapidly to an open economy analysis, which is directly relevant to modern European economics - it presents a truly international perspective, giving the student economic data, timely examples, and lively case studies taken from the European and global economic scene - it is written in a lucid style that guides the student to the frontiers of the subject The second edition has been substantially revised to take account of the changing European and global macroeconomic environment. Two new innovative chapters have been added. `Output Employment and Prices' introduces the classical general equilibrium model with flexible prices as the basis for the Keynesian model. `Business Cycles' provides and original account of the nature of output fluctuations, as well as a balanced presentation of competing sticky-price (new Keynesian) and real business cycle paradigms. There is also new material on growth and unemployment theory. Retained chapters have been re-written, tables and figures updated and new examples presented. The text provides excellent teaching and learning aids including chapter overviews and summaries, key concepts and end of chapter exercises. Each chapter also includes suggestions for further reading. The book is accompanied by a wide range of supplements to assist both tutor and student. This book is intended for second year undergraduates taking the compulsory course in intermediate macroeconomics. Supplementary for students taking options in European economics or open economy macroeconomics.

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Review

'An outstanding book that covers all aspects of macroeconomics at an appropriate level for UG students. Easy to read, comprehensive and with a lot of examples and exercises.' (Professor Manfred Dirngrabner, University of Applied Sciences Vienna)

'Excellent textbook. A great insight to the subject of economics and a great text for students of economics' (Professor Constantinos Charalambous, PA College)

'Macroeconomics is easy to read, covers the most important content, and always stays in touch with real world economics; including the latest economic approaches and findings' (Professor Marcus Sidki, Ludwigshafen University of Applied Sciences)