Macroeconomics
/ Robert J. Gordon
- 12th ed. ; Pearson new international edition
- Harlow, England : Pearson Education, 2014
- ii, 630 pages : illustrations (black and white, and color) ; 28 cm.
Includes bibliographical references and index.
Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor.
Students have a natural interest in what is happening today and what will happen in the near future. Macroeconomics capitalizes on their interest by beginning with business cycles and monetary-fiscal policy in both closed and open economy. After that, Gordon presents a unique dynamic analysis of demand and supply shocks as causes of inflation and unemployment, followed by a dual approach to economic growth in which theory and real-world examples are used to compare rich and poor countries.