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Macroeconomic Essentials Understanding Economics in the News By: Peter Kennedy Normal price: 22.95 Our price: 21.8 + postage Bargain: save £1.15 ! Product code: 10908 ISBN: 0262611503 432 pages Format: Pb Published by: MIT Press, 2002, 2nd edition There are no reviews available for this book

Description of Macroeconomic Essentials

What do we want our students to be able to do upon completing an introductory course in macroeconomics - shift curves on diagrams or interpret media commentary on the macroeconomy? This book, an effort to push students in the later direction, offers a clear exposition of introductory macroeconomic theory along with over 500 on or two sentance 'news clips' that serve as illustrations and exercises. The author calls this approach 'media economics' to distinguish it from the encyclopedic nature of traditional texts. Although the book can be used as a macroeconomics principles text, it has been designed primarily for use as a supplement. It provides a guide to what the author calls the "really important" ideas of macroeconomics, with a strong connection to the real world. Thus many instructors will find the book suitable for use in courses enrolling business students. The method of presentation allows room for topics that are crucial for the interpretation of news commentary, but given inadequate coverage in traditional macroeconomics texts. Examples include the many roles of nominal versus real interest rates, and international phenomena such as purchasing power parity. Despite its nontechnical presentation, the material in the book is quite challenging for students; to answer questions based on the news clips, students must truly understand the economic concepts and apply problem-solving skills rather than rote learning. This text, unlike existing economic texts, provides the student with a practical yet sophisticated grasp of the macroeconomic principles necessary to interpret media commentary. Kennedy provides a no-frills exposition of what he calls the 'really important' ideas of macroeconomics, with a strong connection to the real world. Although the presentation is non technical, the material in this book is intellectually challenging for students.