The Economics of Macro Issues is the newest edition of a classic text on economic theory. The text was written by Murray N. Rothbard and David M. Kennedy, and contains some excellent material. It was designed to be used as a quick reference guide for those who are just beginning to learn about economics and want to get a better understanding of the different concepts that govern economic activity.
Micro is a book that covers the micro-level aspects of economics. The Economics of Macro Issues 7th edition PDF comes with chapters on: Unemployment and Price Change; Monetary Policy, Money and Debt; Business cycles; Capital Formation; Credit Cards; Money Growth and Inflation; Banking; and Business Contracts. There are also chapters on: Banking, Money, and Debt, Consumer Credit, Money Growth, and Business Cycles. Most of these chapters are fairly short, but do give a good explanation of each concept and its implications on the economy at large.
The Economics of Macro Issues 7th edition is divided into two parts. Part I contains chapters dealing with the macro-level issues that relate directly to the economic theories presented in Part II, including the effects of changes in monetary policy on demand, production and investment. The chapters include the following: Money, Banking, and Credit; Business cycles; Money Growth and Inflation; Monetary Policy and Interest Rates; Consumer Credit; and Business Cycles.
Part II is divided into six chapters that each deal with a specific macro-issue. The first chapter of this part deals with Employment, which addresses the effect of changes in the unemployment rate and the types of jobs that are available, and how people choose them. The next chapters deal with Wage and Price Dynamics, Business Cycles, and Corporate Finance.
Part III deals with Business Cycles. This chapter discusses what causes businesses to go bankrupt, the relationship between banks and business, and the effects of changes in government policy on the economy as a whole.
Part IV contains chapters dealing with monetary policy, economic theory, and banking. The chapters include: Money Growth and Inflation; Interest Rates and Banking; and Business Cycles. The fifth and final chapter on International Trade includes chapters on: International Business Cycles; International Investment; International Financial Markets; International Trade and Investment; and International Money Supply.
Economists who take courses on economics have been taught that economies are always in a state of flux, a state in which the economy is constantly undergoing changes in growth and direction. This chapter on The Economics of Macro Issues 7th edition PDF shows the same fluidity, but does so in an engaging way that engages students in the process of learning.
Micro and macro issues are important in all areas of economics. Learning about them, and how they affect economies, can help us make better decisions about investing and saving. and spending.