Macroeconomics examines the whole economy and analyzes the state of the economy using macroeconomic data such as national income, economic growth, unemployment, inflation, and interest rates. Introduction to Macroeconomics: History, Theories and Policies is designed for a one-semester course and the book consists of four main parts.
The first part is Introduction where there are three chapters analyzing the history of economic problems, economic systems, the definition of economics, and macroeconomic goals. The second part is Macroeconomic Indicators. There are four chapters in the second part and economic indicators such as GDP, unemployment, inflation, and interest rates are defined in separate chapters. The third part is Macroeconomic Models, and it is the part that distinguishes this book from all other available textbooks. In the third part, there are five chapters and macroeconomic modelling, and macroeconomic models are discussed in historical order. The last part is Macroeconomic Policies. There are three chapters and macroeconomic policies for macroeconomic problems discussed in the previous chapters are analyzed in the last part of this book.
PART I INTRODUCTION
CHAPTER 1 A SHORT HISTORY OF ECONOMIC PROBLEMS
CHAPTER 2 THE SCIENCE OF ECONOMICS
CHAPTER 3 MACROECONOMIC PROBLEMS AND MACROECONOMIC GOALS
PART II MACROECONOMIC INDICATORS
CHAPTER 4 GROSS DOMESTIC PRODUCT
CHAPTER 5 LABOR MARKET INDICATORS AND UNEMPLOYMENT
CHAPTER 6 THE COST OF LIVING AND INFLATION
CHAPTER 7 MONEY AND INTEREST RATES
PART III MACROECONOMIC MODELS
CHAPTER 8 MACROECONOMIC MODELING
CHAPTER 9 CLASSICAL POLITICAL ECONOMY
CHAPTER 10 NEO-CLASSICAL MACROECONOMIC MODEL
CHAPTER 11 THE GREAT DEPRESSION AND KEYNESIAN MACROECONOMIC MODEL
CHAPTER 12 MONETARISM AND THE CURRENT STATE OF MACROECONOMIC MODELS
PART IV MACROECONOMIC POLICIES
CHAPTER 13 FISCAL POLICY
CHAPTER 14 FINANCIAL MARKETS AND FINANCIAL INSTITUTIONS
CHAPTER 15 MONETARY POLICY
Dr. Selim Cakmakli is currently teaching as an assistant professor for the Department of Economics. He received his Ph.D. and MSc from Cukurova University, Adana/Turkey. He taught Econ courses at Mersin University, Turkey during the 2012-2016 period and served as a visiting assistant professor at Rutgers University-Camden during the 2017-2018 period. Dr. Cakmakli teaches macroeconomic principles and microeconomic principles at Rutgers University-Camden. He was awarded the “Open and Affordable Textbooks (OAT) Program Award” for providing lecture materials for students. His field of interest includes the history of macroeconomic thought, business cycles and structural breaks, monetary policy, and economic geography.