A Primer on Macroeconomics Elements and Principles
A Primer on Macroeconomics Elements and Principles by Thomas M. Beveridge is published by Business Expert Press and was released on September 26, 2018. This concise text, spanning 128 pages, offers a straightforward approach to basic macroeconomic concepts, emphasizing the practical applications of economic principles in everyday life and decision-making.
Readers will find that this edition presents essential economic principles through clear explanations and relatable examples, avoiding unnecessary complexity. The book addresses key topics such as opportunity cost, trade rationale, demand and supply models, and the dynamics of competitive markets. It also explores important tools for measuring the macroeconomy and discusses the causes and effects of inflation and unemployment, making it a valuable resource for those seeking to understand the fundamentals of macroeconomics.
Official synopsis Publisher
This two-volume text represents a common sense approach to basic macroeconomics. Economics, far from being the dismal science, offers us valuable lessons that can be applied to our everyday experiences.
At its heart, economics is the science of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices; whether these choices occur in our everyday life, our work environment, or at the national or international level.
This two-volume text represents a common sense approach to basic macroeconomics. Volume one, Elements and Principles, delivers clear statements of essential economic principles, supported by easy to understand examples, and uncluttered by extraneous material; the goal is to provide a concise readable primer that covers the substance of macroeconomic theory.
This book covers
- opportunity cost;
- the rationale for trade and exchange rates;
- the economist’s basic demand and supply model;
- the efficient operation of competitive markets;
- important tools used to measure the macroeconomy;
- and the causes and effects of inflation and unemployment.
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