Revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics.Miles D K...
Macroeconomics: Understanding the Global Economy, 3rd Edition is to help students – and indeed anyone – understand contemporary and past economic events that shape the world we live in, and at a sophisticated l
where prices were assumed to reach equilibrium instantaneously. Paul Samuelson challenged the perplexing phenomenon of sudden price change by introducing dynamics into the process with a causal relationship, arguing that the rate of price change is proportional...