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商品詳細
Macroeconomic Theory: Fluctuations, Inflation and Growth in Closed and Open Economies. Softcover Reprint of the Original 1st 2018 ed.
・ISBN 978-3-030-06370-2 paper EUR 84.99
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| 著者・編者 | Barbosa, Fernando de Holanda, |
|---|---|
| 出版社 | (Springer Nature Switzerland AG, SZ) |
| 出版年月 | 2019 |
| ページ数 | 456 pp. |
| 言語 | ENG |
| ニュース番号 | ＜A02-37956＞ |
解説
Macroeconomics is the application of economic theory to the study of the economy's growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact of market economies, since England's nineteenth-century industrial revolution. Until then, poverty was a common good for humanity. Economic growth consists in the persistent, smooth and sustained increase of per-capita income. A market economy shows periods of expanding and contracting economic activity. This phenomenon is the economic cycle. The price of money is the amount of goods bought with one unit of money, in other words, the inverse of the price level. Determination of the price level, or the value of money, is a fascinating subject in a fiat money economy.