Overview

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 analysis.)

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9781631570810

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Hal W. Snarr currently teaches at Westminster College, which is located in Salt Lake City, Utah. He graduated from Naval Nuclear Power School, has bachelor's degrees in business and mathematics, and earned a PhD in economics from Washington State University. His teaching career began in the U.S. Navy; today, Hal has a YouTube channel (The Snarr Institute) and website (www.halsnarr.com) that are used to deliver lectures on macroeconomic principles and other topics in statistics and economics.

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