{"product_id":"macroeconomics-isbn-9780262538572","title":"Macroeconomics","description":"\u003cb\u003eThe non-economist’s accessible, pocket-sized refresher on the basics of macroeconomics and how it affects local and global economies—from an academic economist and 2-time Chilean Finance Minister.\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003eMacroeconomics takes a broad perspective on the economy of a country or region; it studies economic changes in the aggregate, collecting data on production, unemployment, inflation, consumption, investment, trade, and other aspects of national and international economic life. Policymakers depend on macroeconomists’ knowledge when making decisions about such issues as taxes and the public budget, monetary and exchange rate policies, and trade policies—all of which, in turn, affect decisions made by individuals and businesses.\u003cbr\u003e \u003cbr\u003eThis volume in the MIT Press Essential Knowledge series offers an introduction to the basics of macroeconomics accessible to the non-economist. Readers will gain the tools to interpret such economic events as the 2008 financial meltdown, the subsequent euro crisis, and the current protectionist dynamics seen in some developed countries. You’ll also learn about:\u003cbr\u003e \u003cbr\u003e• Economic development—why some countries flourish while others reamin stagnant\u003cbr\u003e• Economic activity and employment\u003cbr\u003e• Employment and unemployment rates\u003cbr\u003e• The factors behind economic growth\u003cbr\u003e• Money, inflation, and exchange rate systems\u003cbr\u003e• Fiscal deficits, fiscal policy, and balance of payment crises\u003cbr\u003e• Consumption, savings, and investment decisions\u003cbr\u003e• The process of globalization and its macroeconomic implications\u003cbr\u003e \u003cbr\u003eWritten by an academic economist and two-time Chilean Finance Minister, this is an easy-to-understand and pocket-sized guide to the fundamentals of macroeconomics.Series Foreword ix\u003cbr\u003ePreface xi\u003cbr\u003e1 What Is Macroeconomics? 1\u003cbr\u003e2 Production and Employment 19\u003cbr\u003e3 Why and How Do Countries Grow? 41\u003cbr\u003e4 Money, Inflation, and the Exchange Rate 61\u003cbr\u003e5 Fiscal Deficits, Inflation, and External Crises 87\u003cbr\u003e6 The Economic Cost of Stabilizing Inflation 111\u003cbr\u003e7 The Key Importance of Consumption and Saving 129\u003cbr\u003e8 Productive Investment 145\u003cbr\u003e9 The Current Account and External Debt 161\u003cbr\u003e10 Fiscal Policy and Its Implications 179\u003cbr\u003e11 Globalization 195\u003cbr\u003eConclusion 231\u003cbr\u003eGlossary 239\u003cbr\u003eBibliography 261\u003cbr\u003eFurther Reading 265\u003cbr\u003eIndex 267Felipe Larraín B. is Professor of Economics at Pontificia Universidad Católica de Chile (Facultad de Economía y Administración and the Latin American Center of Economics and Social Policies, CLAPES UC). He was  Director of CLAPES UC and was Finance Minister of Chile from 2010 to 2014 and from 2018 to 2019. The coauthor (with Jeffrey D. Sachs) of \u003ci\u003eMacroeconomics in the Global Economy\u003c\/i\u003e and (with Beatriz Armendáriz) of \u003ci\u003eThe Economics of Contemporary Latin America\u003c\/i\u003e (MIT Press), he has published thirteen books and more than 120 scholarly articles. He has been named Finance Minister of the Year for Latin America and the Americas several times.An accessible introduction to the basics of macroeconomics and how it affects the local and global economies.","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46301514727653,"sku":"NP9780262538572","price":21.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262538572.jpg?v=1767732018","url":"https:\/\/k12savings.com\/products\/macroeconomics-isbn-9780262538572","provider":"K12savings","version":"1.0","type":"link"}