Publisher's Synopsis
Macroeconomics: Principles Deconstructed offers students a compelling, adventurous treatment of standard macroeconomic principles. The book takes an incentive-based, open-economy approach to Keynesian economics and challenges students to rethink policy approaches in order to tackle contemporary domestic and global economic challenges.While students will explore familiar macroeconomic topics such as supply and demand, fiscal and monetary policy, savings and investment, and economic growth, Macroeconomics challenges the traditional top-down view of macroeconomics and instead takes a bottom-up view which emphasizes the importance of microeconomic forces in shaping macroeconomic performance and policies. The text demonstrates the macroeconomy as a product of the behavior and performance of a multitude of interconnected microeconomic markets influencing national and global economic events.Macroeconomics helps students see the integral role they play in the global economy and how their choices at home shape macroeconomic outcomes around the world. The text is well-suited to courses in macroeconomics that want to examine and critique applied Keynesian economics principles in a post-2007-2009 financial crisis environment.
