[ CourseWikia ] Macroeconomics, Volume II, Second Edition torrent

[ CourseWikia.com ] Macroeconomics, Volume II, Second Edition

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English | Aug 21, 2018 | ISBN: 1948976242 | 138 pages | PDF | 5 MB
This book, produced in two volumes, takes an integrative approach to the study of macroeconomics.

In that respect, the book brings the different strands of macroeconomics together into a single approach under which economic agents strive to make rational choices but, while doing so, sometimes misconstrue the data available to them. The result is imbalances between aggregate supply and aggregate demand that can cause economic contractions. These imbalances may be self-correcting, or they may become long-lived and require government intervention through the exercise of corrective monetary and fiscal policy.

Volume I examines economic behavior on the assumption that economic agents correctly interpret the data before them. It thus takes a "micro foundations" approach, under which aggregate supply equals aggregate demand.

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