Prices, Interest Rates and Aggregate Output: An Overview of Macroeconomics

Theory is related to practical issues. Particular attention is devoted to open-economy theory and the international constraints on the domestic economy. As is usual in economic matters, the conclusions are frequently tentative. Economic theory does not always provide answers. It does, however, encourage people to ask useful questions. Despite being an introduction to the subject, its approach is not superficial, and complex issues are not ignored. Contents: Chapter 1 - The nature of macroeconomic issues, Chapter 2 - Determinants and significance of aggregate demand, Chapter 3 - The IS line: Income, interest rates and the goods market, Chapter 4 - The money supply and its determinants, Chapter 5 - The LM line: Income, interest rates and the money market, Chapter 6 - The interaction of the goods market and the money market, Chapter 7 - Digression on pre-Keynesian economic theory, Chapter 8 - The role of the price level in aggregate demand and supply, Chapter 9 - Inflation: Causes, effects and policy, Chapter 10 - Unemployment: Causes, effects and policy, Chapter 11 - Exchange rates and international payments, Chapter 12 - The BP line: Income, interest rates, and the currency market, Chapter 13 - The complete model, Chapter 14 - Conclusions: Overview of macroeconomic theory