Publisher's Synopsis
This title teaches the reader how to think and to reason about macroeconomic events and policy. It combines solid economic theory, with a feel for South African economic processes, institutions and data. This think-and-work textbook encourages the reader to develop reasoning skills and to construct logical sequences of macroeconomic events. For instance, Why do economic variables change? So what if they do, what happens next? How do processes and institutions really work? Four chapters on fiscal and monetary policy contain material appropriate for a second or third-year course on macroeconomic policy and provide insights into policy institutions and processes not found in standard textbooks. They also highlight the development context of macroeconomic policy in South Africa. How to think and reason in Macroeconomics is suitable for practitioners who require a handy reference on the economy.;Key features: Accessible analysis and theory; a choice of different levels of difficulty; compact and crisp presentation; explicit, continuous focus on the open economy; thorough integration of intuitive understanding and solid, formal theory; teaches real-world economic reasoning skills, not li
