Tel: 012 342 2765 | marketing@vanschaiknet.com

  • Understanding macroeconomics 2/e
  • Mohr P, van Zyl C, Pretorius A
  • ISBN: 9780627036330
  • eISBN: N/A
  • ePub ISBN: 9780627036347
  • 276 Pages | Published: 2018

Macroeconomics is concerned with the economy as a whole. In macroeconomics, we develop an overall view of the economic system and we study total (or aggregate) economic behaviour. The emphasis is on topics such as total production, income and expenditure, economic growth, aggregate unemployment, the general price level, inflation and the balance of payments. Macroeconomics is therefore the world of totals.

 

This second edition of Understanding macroeconomics is a comprehensive revision and restructuring of the first edition, but still against a contemporary South African background. The major changes include the following: the chapter on money has been expanded and moved forward, and the material on the Keynesian model has been consolidated in two separate chapters, instead of being spread over different chapters. There is also a greater emphasis on the role of monetary and fiscal policy.

 

New topics include the role of the ratings agencies and the notion of “radical economic transformation”. As in the first edition, the easy style and practical examples make the content extremely accessible. A wealth of relevant information about the South African economy is also provided.

 

A companion to this book, Understanding microeconomics, is also available.

 

Philip Mohr is a retired professor of economics.

Cecilia van Zyl is a senior lecturer in economics at the University of South Africa.

Anmar Pretorius is an associate professor of economics at North West University.

 

 

Chapter 1 Basic concepts, relationships and issues 

Chapter 2 Money and monetary policy 

Chapter 3 The government and fiscal policy

Chapter 4 The foreign sector

Chapter 5 Measuring the performance of the economy 

Chapter 6 A simple Keynesian model of the economy 

Chapter 7 The Keynesian model with a government and a foreign sector

Chapter 8 Fiscal and monetary policy in the Keynesian model

Chapter 9 More on macroeconomic theory and policy 

Chapter 10 Inflation

Chapter 11 Unemployment and the Phillips curve

Chapter 12 Economic growth and business cycles

 

 

All source material (excluding figures and tables) has been supplied in an editable format (Microsoft Office) and you can fully customise it to your needs.

Please click on the link below to access the Lecturer Support Material (LSM) portal:

LSM Portal

If this is the first time you access Van Schaik Publishers LSM, you will need to register and set up a profile. Once your registration has been approved you will be sent an email and will then be able to request access to the resources you need for a particular book. You will also be able to request access to the resources of additional books using your profile.

We welcome any suggestions regarding new or additional resources. For any queries or feedback please contact our digital publisher at lsm@vanschaiknet.com. The material available varies from book to book and may also be developed further over time.

If you are uncertain about the registration and access request procedures, please download the LSM Manual.

LSM Manual

Lecturer Support Material is available free to lecturers who lecture on courses where the book is prescribed but samples are also available should you wish to review what is available as part of your prescribed book selection process. Please contact your Marketer for access to the sample LSM.

Student requests for LSM will not be entertained and any attempts by students to access lecturer support material will be reported to a student’s lecturer or to the Head of Department.