Introductory Macroeconomics, 1st Australian edition is an adaptation of an original work by internationally renowned economists Joseph Stiglitz and Carl Walsh. The adapting Australian author team has contextualised the content to suit the needs of Australian university students. Key macroeconomics concepts are explained using the latest theory and research, with data relevant to the Australian economy. Throughout the text, these concepts are applied to contemporary local economic issues for businesses and individuals, such as: * the Australian dollar * the mining industry * budget deficits * intergenerational equity * taxation * interest rates * unemployment * skills shortages and temporary work visas * international financial markets * international trade * globalisation.
In addition to a thorough analysis of the contemporary macroeconomic landscape in Australia, the text provides useful international comparisons with economies in Asia and Europe, as well as that of the United States.
At a concise 13 chapters, this textbook is an ideal resource for a one-semester university course in introductory macroeconomics.