Macroeconomics

The fourth edition of this pedagogically proven macroeconomics textbook responds to the changes that have occurred in recent years in both the Czech and global economies, as well as in economic theory. It combines new findings with insights verified by economic history. The updated text reflects the shift in emphasis of global macroeconomics from deflation to inflation, the pressures of which have become a serious problem for many economies, including the Czech economy.

It introduces the new methods that central banks and governments have used to prevent economies from falling into a deflationary trap, as well as the tools used in current efforts to break the upward inflationary spiral. The textbook also covers topics such as fundamental macroeconomic models, which allow for a thorough understanding of the processes affecting economic equilibrium, and models of economic growth and the controversies surrounding its quality in the context of environmental and other crises.

The publication is intended primarily for university students of economics, or for MBA management courses. It is also a suitable study aid for anyone interested in a deeper insight into the events in the national economy and into the economic policy that influences these processes.