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Macmillan Higher Education Palgrave Higher Education

Randall Wray is a Senior Scholar at the Levy Economics Institute of Bard College, USA

William Mitchell is a Professor of Economics at the University of Newcastle, Australia

Martin Watts is a Professor of Economics at the University of Newcastle, Australia

PART A: INTRODUCTION & MEASUREMENT
1. Introduction
2. How to Think and Do Macroeconomics
Appendix
3. A Brief Overview of the Economic History and the Rise of Capitalism
4. The System of National Income and Product Accounts
Appendix: Advanced Material 5. Labour Market Concepts and Measurement
Appendix: Advanced Material
6. Sectoral Accounting and the Flow of Funds
Appendix
PART B: CURRENCY, MONEY & BANKING
7. Introduction to Sovereign Currency: The Government and its Money
Appendix: Advanced Material 8. Money and Banking
PART C: THE REAL ECONOMY
9. The Real Expenditure Model
10. Introduction to Aggregate Supply
PART D: UNEMPLOYMENT & INFLATION: THEORY & POLICY
11. Unemployment and Inflation
Appendix: Advanced Material
12. Full Employment Policy
Appendix: Advanced Material
PART E: ECONOMIC POLICY IN AN OPEN ECONOMY
13. Introduction to Monetary and Fiscal Policy Operations
Appendix: Advanced Material
14. Fiscal Policy in Sovereign nations
15. Monetary Policy in Sovereign Nations
16. Policy in an Open Economy: Exchange Rates, Balance of Payments and Competitiveness
Appendix: Advanced Material
PART F: COMPETING SCHOOLS OF MACROECONOMIC THOUGHT
17. Overview of the History of Economic Thought18. Keynes and the Classics
19. Theory of Effective Demand
20. IS-LM Analysis
21. Modern Schools of Thought
PART G: ECONOMIC INSTABILITY
22. The Role of Investment in Profit Generation
23. Stabilising the Unstable Economy
PART H: CONTEMPORARY THEORY AND POLICY
25. Recent Policy Debates26. Macroeconomics in the Light of the Global Financial Crisis.

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