Name: Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies
Price: 131.48 EUR
Availability: InStock
Author: Fernando De Holanda Barbosa
ISBN: 9783319921310

portada Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies

Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies

Type

Physical Book

Publisher

Springer

Author

Fernando De Holanda Barbosa

Year

2018

Language

English

Pages

435

Format

Hardcover

ISBN13

9783319921310

Edition No.

Synopsis "Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies "

Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England’s nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.

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Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies - Fernando De Holanda Barbosa

Synopsis "Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies "

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