Learning Basic Macroeconomics: A Policy Perspective from Different Schools of Thought

Traditional macroeconomic principles textbooks are theoretically based, and require students to apply definitions, analyze charts, graphs and tables, and use logic and reasoning skills to evaluate the effects of economic shocks or policy changes. Recognizing how challenging this is, economics instruction has adopted video, simulation, and other methods to aid in learning. These methods, however, while possibly stimulating students' imagination, may also stifle it and contribute to a dependent learning style. It may also fail to connect topics and models in cohesive and meaningful ways. This book presents macroeconomic principles in a logical and concise order, and uses the Maple(c) mathematics program to build and analyze macroeconomic models. The method outlined in this book teaches readers with basic algebraic skill levels how to build a model of the macro-economy from the ground up. The method uses models derived from typical principles textbooks using Maple as a platform. Maple's interface is as easy to use as typing a simple math problem in Microsoft Word using keys on a standard keyboard. The Maple syntax is kept simple, which allows readers to be proficient in Maple in a matter of minutes. In short, this book allows executives, advanced degree students, undergraduate students, business executives, managers, policy makers, and others to gain a fuller understanding of how the macro-economy works. Topics covered in the book range from individual demand and firm supply to aggregate demand and supply, and fiscal and monetary policy from the Austrian to Keynesian schools of thought.

Author: Hal W. Snarr
Publisher: Business Expert Press
Published: 10/31/2014
Pages: 220
Binding Type: Paperback
Weight: 0.47lbs
Size: 9.00h x 6.00w x 0.33d
ISBN13: 9781606495308
ISBN10: 1606495305
BISAC Categories:
- Business & Economics | Economics | Macroeconomics
- Business & Economics | Statistics

About the Author
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.