Macroeconomics for Dummies - UK (Paperback, UK)

Introduction 1

Part I: Getting Started with Macroeconomics 5

Chapter 1: Discovering Why Macroeconomics Is a Big Deal 7

Chapter 2: Looking at Key Questions and Concepts 21

Chapter 3: Curing a Sick Economy of Four Afflictions 35

Part II: Measuring the Things that Matter 47

Chapter 4: Totting up a Country’s Economic Activity: Gross Domestic Product 49

Chapter 5: Facing the Fact of Increasing Prices: Inflation 67

Chapter 6: Unemployment: Wasting Talent and Productivity 87

Part III: Building a Model of the Economy 105

Chapter 7: Working Out a Country’s Economic Demand 107

Chapter 8: Determining How Much Stuff an Economy Can Produce 125

Chapter 9: Using the AD–AS Model to Analyse Shocks to the System 139

Part IV: Examining Macroeconomic Policy 161

Chapter 10: Using Monetary Policy to Influence the Economy 163

Chapter 11: Fiscal Policy: Balancing the Books – Perhaps 183

Chapter 12: Seeking Low Unemployment and Low Inflation: The Phillips Curve 197

Chapter 13: Following Rules or Using Discretion: Two Approaches to Economic Policy 213

Part V: Understanding the Financial Crisis 227

Chapter 14: Considering Fundamental Weaknesses of the Financial System 229

Chapter 15: Getting Away with Excessive Risk‐Taking: Moral Hazard 245

Chapter 16: Considering the Lessons of the 2008 Financial Crisis 265

Part VI: The Part of Tens 283

Chapter 17: Getting to Know Ten Great Macroeconomists 285

Chapter 18: Ten Top Tips to Take Away 291

Index 299