£80.57

Springer Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies

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Description
Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.

Key Features

Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies

Product type: ABIS BOOK

Brand: Springer

Yellow

Product Specifications
Brand
Springer
Format
hardcover
ASIN
3319921312
Category
Books > Subjects > Business, Finance & Law > Economics > Economic Conditions
Domain
Amazon UK
Release Date
02 October 2018
Listed Since
19 April 2018

Barcode

No barcode data available

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