Learn to think as an economist with the market-leading macroeconomics text, Principles of Macroeconomics 5e. Building on the legacy of its international author team, this fifth edition has been adapted for the local market. By focusing on central ideas that shape modern macroeconomic thinking, and interpreting the latest data, this edition offers a truly Australian perspective. The emphasis on currency and real-world relevance grounds the key concepts in relatable examples to help readers see the impact of past and present events on Australian and global economic landscapes.
Improvements to the 5th edition include:
ANZ focus: Develop a solid understanding of the macroeconomic climate in Australia and New Zealand.
Industry Spotlight: Hear from high-profile macroeconomists and recent graduates on industry trends and where a career in macroeconomics can take you.
Interactive digital learning: A robust suite of digital resources including graphing tools, concept videos and case studies engages students and tests their knowledge.
Part 1 Issues in Macroeconomics Chapter 1 Macroeconomics: The Birds-Eye View of the Economy Chapter 2 Measuring economic activity: Gross Domestic Product and Unemployment Chapter 3 Measuring the Price Level and Inflation Chapter 4 Saving, Investment and Wealth Chapter 5 Wages, Employment and the Labour Market Part 2 Short-run Macroeconomics: the analysis of the business cycle Chapter 6 Spending and output in the short run Chapter 7 Fiscal policy Chapter 8 Money, prices and the Reserve Bank Chapter 9 The Reserve bank and the economy Chapter 10 The aggregate demand-aggregate supply model Chapter 11 Macroeconomic policy Part 3 Long-run Macroeconomics: the analysis of economic growth Chapter 12 The economy in the long run: an introduction to economic growth Chapter 13 The production function approach to understanding growth Chapter 14 Saving, capital formation and comparative economic growth Part 4 Open Economy Macroeconomics Chapter 15 International Trade Chapter 16 Exchange rates and the open economy Chapter 17 The balance Payments: net exports and international capital flows Chapter 18 Macroeconomics: What have we learned Part 5 Concluding Thoughts Chapter 19 Macroeconomics: What have we learned?
