Macroeconomics is grounded in microeconomics and
uses mathematical models to simplify and illustrate
complex processes, learning it can be difficult. And because
of this, macroeconomic principles textbooks fail
to connect topics and models in a concise, cohesive,
and meaningful way. This book is a part of a series that
recognizes that the intense competition among emerging
markets and against advanced economies to capture
their share of the global economy. Most important to this
end is the study and practice of international business
and foreign trade.
The author details better topic selection and organization
by building a model of the macroeconomy,
and utilizing a single hypothetical numerical example
throughout the book to teach you the key principles.
Keynesian economics, a school of economic thought
based on the views of the British economist John
Maynard Keynes, is used to construct the model of the
macroeconomy because it is elegant, simplistic, intuitive,
and politicians apply it when enacting stimulus bills.
(That said, the book is not an endorsement of Keynesian
economics, nor does it suggest that mathematical modeling
is the quintessential element of economic