Understanding Macroeconomics is a comprehensive introduction to macroeconomics, set against a contemporary South African background. The easy style and many practical examples make the content extremely accessible. This book covers all the material usually prescribed for introductory courses, and it lays a solid foundation for intermediate and advanced studies in economics. The emphasis is on the application of economic theory. A wealth of relevant information about the South African economy is also provided.
Macroeconomics is concerned about the economy as a whole. In macroeconomics, we develop an overall view of the economic system and we study total (or aggregate) economic behavior. This book emphasis is on topics such as total production, income and expenditure, economic growth, aggregate unemployment, the general pricing level, inflation and the balance of payments. Macroeconomics is therefore the worlds totals.