Description
Magnum Macroeconomics Theory and Practice 2016 Edition by WRIGHT B.
Macroeconomics study aggregated indicators such as GDP, unemployment rates, and price index, and the interrelations among the different sectors of the economy, to better understand how the whole economy functions. Over the last decades, macroeconomic theory and the practice of macroeconomics by economists have changed significantly-for the better. Macroeconomics is now firmly grounded in the principles of economic theory. We focus on the role of economic theory in shaping policy. The primary objective of the book is to teach how to conduct macroeconomic analysis. The book emphasizes the fact that we need models in order to analyze the real-world economic problems.