European Parliament Library

Practical macroeconomics for non-economists, a question and answer approach, Michael P. Niemira

"Practical Macroeconomics for Non-Economists provides the tools, the theory, and the empirical understanding of macroeconomics without the heavy lifting of the mathematical and econometric models. This accessible book introduces the building blocks of macroeconomic thinking and challenges the reader to apply these insights to learn why economists say what they do and what guides economic policymakers. Linking actual data to theoretical concepts, it explores competing economic theories, and uncovers some of the key controversies in macroeconomic theory and how different perspectives lead to alternative and vastly different policy recommendations. Key features include: - Coverage of all the key macroeconomic topics, such as GDP, inflation, unemployment, output and productivity, business cycles, aggregate demand/supply, and fiscal and monetary policy. - Question-and-answer format, covering the foundations of each topic in a logical progression, to provide the reader with a quick reference and more focused discussion. - "Advanced questions" to encourage deeper discussion. - Start-of-chapter learning objectives, which allow the reader to "see" the road ahead for each section. - End-of-chapter "Issues to think about" boxed features, which offer the reader an opportunity to apply critical thinking to the issues covered. - Resource manual and PowerPoints for instructors. Practical Macroeconomics for Non-Economists is the ideal textbook for anyone looking for a practical and non-technical introduction to the subject"--, Provided by publisher
Table Of Contents
Intro -- Half Title -- Endorsements -- Title Page -- Copyright Page -- Dedication -- Contents -- Figures -- Tables -- Preface -- Acknowledgments -- Note -- Reader Notes -- References -- Part 1: Macroeconomic Thinking and Tools -- Chapter 1. Macroeconomic Basics -- [1] What is macroeconomics? -- [2] Who is credited with launching macroeconomics? -- [3] Why do we study macroeconomics? -- [4] How do we study the macro economy? -- [5] What are the key concepts in macroeconomics? -- [6] Why are those key concepts so important in macroeconomics? -- [7] Why are interest rates not considered among the key concepts in macroeconomics? -- [8] What are some of the challenges to achieve those macroeconomic goals? -- [9] What is a macroeconomic theory? -- [10] What is the focus of macroeconomic theory? -- [11] What are the main schools of macroeconomic theory? -- The Classical school -- The Keynesian school -- Monetarism -- New Classical school/new monetary consensus -- Austrian school -- Modern Monetary Theory (MMT) school -- [12] [Advanced] What is the institutional economics movement? -- [13] [Advanced] Is there a loss for the economics profession by abandoning the "old" institutional economics school? -- [14] What are some of paradigms that are used to understand macroeconomic dynamics? -- [15] What are some areas of research that macroeconomics is concerned about? -- [16] What are the main policy tools used to guide the economy? -- [17] How does fiscal policy differ from monetary policy? -- [18] What is meant by stabilization policy? -- [19] How does fiscal policy impact the economy? -- [20] What tools do fiscal policymakers have available? -- [21] How does monetary policy impact the economy? -- [22] What tools do monetary policymakers have available? -- [23] Why do economists use models? -- [24] What is meant by storytelling in macroeconomics?
Literary Form
non fiction
Physical Description
1 online resource (427 pages)
Specific Material Designation
Form Of Item


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