Macroeconomics : an introduction to Keynesian-Neoclassical controversies.

Includes index.

Introduction to Macroeconomics - PART 1 COMPARATIVE STATICS IN THE CLOSED ECONOMY - The One Sector Neoclassical and Keynesian Models - The ISLM Model - Fiscal and Monetary Policy and Analysis in the ISLM Model - Unemployment and the Labour Market - The Three Sector Macro-model - PART 2 MONEY AND THE OPEN ECONOMY - The Balance of Payments and Keynesian Analysis - The Demand for Money - The Money Supply - Money, Capital Flows and the Open Economy - The Monetary Approach to the Balance of Payments - PART 3 TRADITIONAL DYNAMICS OF THE REAL SECTOR - Consumption - Investment - The Trade Cycle - Economic Growth - PART 4 CURRENT CONTROVERSIES IN MACROECONOMICS - Walrasian and Keynesian Adjustment Mechanisms - Neo-Keynesian Quantity Constrained Models - The Phillips Relation - The New Classical Macroeconomics - Inflation - PART 5 ECONOMIC POLICY - Policy Analysis when Asset Stocks Adjust - The Theory of Economic Policy - Macroeconomic Theories and Politics: An Overview

Macroeconomics has achieved its position as one of the most successful and influential intermediate level textbooks because of its clear and accessible presentation of the main concepts, theories and policy issues. The distinctive feature of the book which has made it an ideal textbook is the exposition of the contrasting Keynesian and Neoclassical approaches and controversies. While keeping the reader firmly in mind the authors go to the core of the key contemporary macroeconomic debates.