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Principles of Macroeconomics

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Doug Curtis, Trent University

Ian Irvine, Concordia University

Copyright Year: 2017

Last Update: 2020

Publisher: Lyryx

Language: English

Formats Available

Conditions of Use

Attribution-NonCommercial-ShareAlike Attribution-NonCommercial-ShareAlike
CC BY-NC-SA

Table of Contents

Part One: The Building Blocks

  • 1 Introduction to key ideas
  • 2 Theories, data and beliefs
  • 3 The classical marketplace - demand and supply

Part Two: Introduction to Macroeconomics

  • 4 Economic activity & performance
  • 5 Output, business cycles, growth & employment
  • 6 Aggregate expenditure & aggregate demand
  • 7 The government sector

Part Three: Financial Markets & Economic Activity

  • 8 Money, banking & money supply
  • 9 Financial markets, interest rates, foreign exchange rates & AD
  • 10 Central banking and monetary policy

Part Four: Real GDP, Business Cycles, Policy and Growth

  • 11 Inflation, real GDP, monetary policy & fiscal policy
  • 12 Exchange rates, monetary policy, and fiscal policy
  • 13 Economic growth

Ancillary Material

About the Book

Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course.

Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included.

This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks.

About the Contributors

Authors

Doug Curtis is a specialist in macroeconomics. He is the author of numerous research papers on fiscal policy, monetary policy, and economic growth and structural change. He has also prepared research reports for Canadian industry and government agencies and authored numerous working papers. He completed his PhD at McGill University, and has held visiting appointments at the University of Cambridge and the University of York in the United Kingdom. His current research interests are monetary and fiscal policy rules, and the relationship between economic growth and structural change. He is Professor Emeritus of Economics at Trent University in Peterborough, Ontario, and also held an appointment as Sessional Adjunct Professor in the Department of Economics at Queen’s University in Kingston, Ontario from 2003 until 2013.

Ian Irvine is a specialist in microeconomics, public economics, economic inequality and health economics. He is the author of numerous research papers in these fields. He completed his PhD at the University of Western Ontario, has been a visitor at the London School of Economics, the University of Sydney, the University of Colorado, University College Dublin and the Economic and Social Research Institute. His current research interests are in tobacco use and taxation, and Canada’s Employment Insurance and Welfare systems. He has done numerous studies for the Government of Canada, and is currently a Professor of Economics at Concordia University in Montreal.