Introduction to macro - economics / by J. Harvey and M. Johnson

THIS book is intended to bridge the gap between the general coverage of macro-economics in the basic textbooks on economic theory and the advanced treatment of the more specialised books on the subject. It should therefore be useful for first-year university students specialising in economics; first- and second year students following wider courses in which economics figures prominently, e.g. degrees in business studies, govern ment, sociology and estate management; students taking professional examinations in banking, public administration, company secretaryship, surveying, accountancy, transport and hospital administration; and sixth-form pupils reading econo mics to G.C.E. 'A' and 'S' level.

The book begins with the basic theory of modern macro economics. This theory is then used to discuss economic policy, particularly with regard to the current problems of the United Kingdom - full employment, inflation, balance of payments

equilibrium, growth, etc. The main obstacle to a statement of modern macro-econo mics is the lack of complete uniformity of view. This 'Intro duction', therefore, first explains the fundamental Keynesian ideas and then proceeds to show how they have been developed by later economists or modified in the light of post-war experi ence and research.

To explain and illustrate the theoretical analysis, the authors have relied mainly on simple diagrams and graphs; in all there are over 90 diagrams. It is recognised, however, that modern macro-economics makes considerable use of mathematical techniques and that even an introductory text should allow the student a glimpse of how mathematics can be applied in this field. Where appropriate, therefore, some simple mathematical models have been introduced (chiefly in the appendices) in order to whet the student's appetite.