Applied Macroeconomics

This textbook provides a comprehensive overview of macroeconomic relationships and explains the most important macroeconomic variables in a clear and accessible way. Readers are introduced to key concepts such as inflation and aggregate demand. They learn, among other things, how economic crises arise and how money, capital, and goods markets function and interact. The book complements business administration studies and provides economic knowledge that can be applied in business practice. Detailed explanations, application-oriented and practice-based examples, as well as exercises, make it easy even for non-economists to understand complex macroeconomic topics. The third edition has been revised and expanded to include current topics such as the COVID-19 crisis and a new chapter on the development of macroeconomics.

The Content

• National Accounts
• Neoclassical Macroeconomic Model
• Inflation
• The Monetary Policy of the European Central Bank
• Keynesian Theory
• Business Cycle Theories
• International Financial Markets
• The Development of Macroeconomics as a Science

About the Author 

Prof. Dr. Christian A. Conrad teaches Economics and Business Ethics at the University of Applied Sciences for Technology and Economics of Saarland. Previously, he worked as a Senior Key Account Manager in the national and international corporate banking business of a major German bank.

The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content.

This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.