Macroeconomics in theory and practise is an extension of the previous edition and focuses on financial stability and recent crises, including the crash of 2008 and the European debt crisis, both of which have had a major impact on the Danish and international economies.
The book supplies its readers with a solid foundation in macroeconomic analysis, combining theory with economic reality. The book is designed to assist the student’s learning in every way, and mathematical techniques are explained step-by-step.
The book is divided into four parts. Part 1 deals with national income in the short and the long term. Part 2 analyses the balance of payments, currency markets and competitiveness. In part 3 the book describes the financial market, financial crises and financial stability. Part 4 deals with stabilization policy in the short and the long term.
The content of the book is tailor-made for use on the Professional Bachelor’s Degree programme as well as the Diploma Programmes in Business Administration (in Danish abbreviated HD) part I.
The book combines with Hans Jørgen Biede’s Microeconomics.