Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine provides complete, concise coverage of introductory macroeconomics theory and policy.
The textbook observes short-run macroeconomic performance, analysis, and policy motivated by the recessions of the early 1980s and 1990s, the financial crisis and recession of 2008-2009, and the prolonged recovery in most industrial countries.
A traditional Aggregate Demand and Supply (AD-AS) model is introduced, and a basic modern AD-AS model is developed.
Numerical examples, diagrams, and basic algebra are used in combination to illustrate and explain economic relationships. Students learn about: the importance of trade flows, consumption, and government budgets; money supply; financial asset prices, yields, and interest rates; employment and unemployment; and other key relationships in the economy. Canadian and selected international data are used to provide real world examples and comparisons.
This open book is licensed under a Creative Commons License (CC BY-NC-SA). You can download Macroeconomics: Theory, Markets and Policy ebook for free in PDF format (3.0 MB).
Table of Contents
Introduction to key ideas
Theories, models and data
The classical marketplace - demand and supply
Introduction to Macroeconomics
Economic activity and performance
Output, business cycles, growth & employment
Aggregate expenditure & aggregate demand
The government sector
Financial Markets & Economic Activity
Money, banking & money supply
Financial markets, interest rates, foreign exchange rates & AD
Central banking and monetary policy
Real GDP, Business Cycles, Policy and Growth
A traditional AD/ AS model
An AD/ AS model of the inflation rate and real GDP
International Macroeconomics and Trade Theory