TY  - BOOK
AU  - Snarr,Hal W.
TI  - Learning basic macroeconomics: a policy perspective from different schools of thought 
T2  - Economics collection,
SN  - 9781631570827
AV  - HB172 .L437 2014
PY  - 2014///
CY  - New York, New York (222 East 46th Street, New York, NY 10017)
PB  - Business Expert Press
KW  - Macroeconomics
KW  - Economic policy
KW  - aggregate demand
KW  - aggregate expenditure
KW  - Austrian economics
KW  - consumption function
KW  - crowding-out
KW  - demand and supply
KW  - discount rate
KW  - fiscal policy
KW  - fiscal policy lags
KW  - fiscal policy multipliers
KW  - fractional reserve banking
KW  - free trade
KW  - interest on reserves
KW  - long run aggregate supply
KW  - monetary policy
KW  - open market operations
KW  - rational expectations
KW  - required reserves ratio
KW  - short run aggregate supply
KW  - supply-side economics
KW  - Chicago school
KW  - classical school
KW  - federal funds market
KW  - Keynesian school
N1  - Part of: 2014 digital library; 1 (pages 131-134) and index; 1. Introduction --; 2. Macroeconomic indicators --; 3. Aggregate expenditure --; 4. The aggregate market model --; 5. Fiscal policy --; 6. Monetary policy --; 7. What have we learned? --; References --; Index; 2; b; Also available in printing
N2  - Because macroeconomics is grounded in microeconomics and uses mathematical models to simplify and illustrate complex processes, learning it can be difficult. Traditional macroeconomic-principles textbooks fail to connect topics and models in a concise, cohesive, and meaningful way. So, it should not surprise when a 2008 presidential candidate says, "Economics is something that I've really never understood" (Zuckman 2008). This book overcomes these shortcomings with better topic selection and organization, by literally building a model of the macroeconomy, and utilizing a single hypothetical numerical example throughout the book to teach the principles. Keynesian economics, a school of economic thought based on the views of the British economist John Maynard Keynes (1883 to 1946), is used to construct the model of the macroeconomy because it is elegant, simplistic, intuitive, and politicians apply it when enacting stimulus bills. That said, the book is not an endorsement of Keynesian economics, nor does it suggest that mathematical modeling is the quintessential element of economic analysis. Only by building this model upon a Keynesian foundation can one truly appreciate the various perspectives in economics, the limitations of mathematical modeling, and why politicians tend to prescribe Keynesian solutions. This book allows business executives, graduate and undergraduate students, policy makers, and others to gain a fuller understanding of how the macroeconomy reacts to economic shocks and policy changes from several economic perspectives
UR  - https://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000284.html
ER  -