Principles of Macroeconomics
Item
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Title
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Principles of Macroeconomics
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Creator
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Curtis, Douglas
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Date
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2023-04-06T13:31:45Z
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Date Available
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2023-04-06T13:31:45Z
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Date Issued
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2021
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Abstract
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Principles of Macroeconomics provides complete, concise coverage of introductory macroeconomic theory and policy. It examines the Canadian economy as an economic system, and embeds current Canadian institutions and approaches to monetary policy and fiscal policy within that system. Particular attention is given to the recent structure, performance, and evolution of the Canadian economy, and to the current targets and instruments of Canadian monetary and fiscal policy.
These are exciting and challenging times in which to study macroeconomics. We focus on shortrun macroeconomic performance, analysis, and policy motivated by the recessions of the early 1980s and 1990s, the financial crisis and recession of 2008-2009, and the prolonged recovery that is still incomplete in several industrial countries in 2017. The early effects of the novel coronavirus, the COVID-19 pandemic, on employment, income, output, and prices provided a whole new set of challenges for economic analysis and policy. To that end, the text examines macroeconomic
institutions, performance, and policies in ways that help students understand and evaluate critically the news media coverage and broader public discussion of:
• Recessions and recoveries, unemployment, inflation, deflation, and conditions in financial markets—topics of ongoing reporting, discussion, and debate.
• Monetary and fiscal policy announcements and discussions focused on inflation targets, interest rate settings, budget balances, tax rates, expenditures, and public debt targets as these affect economic performance.
• Exports, imports, international capital flows, foreign exchange rates, commodity prices, and the importance of the international sector of the Canadian economy.
• Economic growth, productivity growth, and the importance of productivity growth for standards of living in Canada and other countries.
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Language
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en
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Publisher
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Lyryx
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Subject
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Macroeconomics
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ECO360
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Macroeconomia
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Type
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Book
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