Macroeconomics: Theory, Models, and Policy
Posted: March 21, 2017 | Updated: February 5, 2021
Author: Douglas Curtis, Ian Irvine, Lyryx Learning Team
Good news! This book has been updated and revised. An adaptation of this book can be found here: open.bccampus.ca
Macroeconomics: Theory, Models, and Policy by D. Curtis and I. Irvine (edited by Lyryx Learning) provides complete, concise coverage of introductory macroeconomics theory and policy. The text 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 text is intended for a one-semester course, and can be used in a two-semester sequence with the companion text, Microeconomics: Markets, Methods, and Models. The three introductory chapters and the International Trade chapter (Chapter 15) are common to both books.
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Macroeconomics: Theory, Models, and Policy by Douglas Curtis, Ian Irvine, Lyryx Learning Team is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.
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