This book should be seen as the first building block of any Economics course. The content is organised in such a manner as to proceed logically towards a comprehensive understanding of macroeconomics. Having studied the book, the student will know what the repo rate, the CPIX, and core inflation are. The student will understand how government debt originates, how it is financed, what its impact on financial markets is, and much more. This book serves as a reference on which students can fall back in years to come and it will stimulate an interest in economics.
CHAPTER 1: INTRODUCTION TO ECONOMICS
CHAPTER 2: AN OVERVIEW OF MACROECONOMICS
CHAPTER 3: THE CONCEPT OF GROSS DOMESTIC PRODUCT
CHAPTER 4: MODELLING THE GROSS DOMESTIC PRODUCT: KEYNESIAN ECONOMICS
CHAPTER 5: AGGREGATE DEMAND AND AGGREGATE SUPPLY AND THE GENERAL PRICE LEVEL OF THE ECONOMY
CHAPTER 6: THE TWIN EVILS OF MACROECONOMICS: UNEMPLOYMENT AND INFLATION
CHAPTER 7: GROWTH AND BUSINESS CYCLES
CHAPTER 8: FISCAL POLICY – THE PUBLIC SECTOR
CHAPTER 9: MONEY AND CREDIT – MONEY AND MONETARY POLICY
CHAPTER 10: THE STRUCTURE OF THE MONETARY BANKING SYSTEM – MONEY AND MONETARY POLICY
CHAPTER 11: MONETARY POLICY – MONEY AND MONETARY POLICY
CHAPTER 12: OVERVIEW OF INTERNATIONAL TRADE – THE EXTERNAL SECTOR
CHAPTER 13: EXCHANGE RATES AND INTERNATIONAL TRADE POLICY – THE EXTERNAL SECTOR
