Macroeconomics Simplified: Understanding Keynesian and Neoclassical Macroeconomic Systems

by Nicoli Nattrass, G Visakh Varma

Macroeconomics Simplified explains the intuition behind Keynesian and neoclassical macroeconomics using graphs and simple algebra. It provides students with a strong conceptual basis for understanding the tension between Keynesian and neoclassical systems that has once again came to the forefront since the 2007-08 financial crisis. The book shows how theoretical perspectives affect macroeconomic policy choices and proposes a pragmatic approach to policy that is sensitive to prevailing economic conditions. Students of economics and business alike will enjoy its concise and engaging analysis and find the applications and references to the Indian economy helpful.

222 pages, Paperback

First published January 1, 2014

About the author

Prof Nicoli Nattrass has been in the School of Economics at the University of Cape Town since 1991. During this time she has also held visiting appointments at Yale and Oxford. She has an undergraduate degree from Stellenbosch, an honours and masters degree from the University of Natal, and a masters in development economics and a doctorate (on Wages, Profits and Apartheid) from Oxford. She has won the UCT distinguished teachers award (in 2001) and her book ‘The Moral Economy of AIDS in South Africa’ won the UCT book award (in 2005) and the Venter Award (2008). She has published widely in the areas of economic policy and the political-economy of AIDS. She is author of 55 journal articles and 5 books.