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Macroeconomics Simplified

Macroeconomics Simplified
Understanding Keynesian and Neoclassical Macroeconomic Systems

First Edition
  • Nicoli Nattrass - University of Cape Town, South Africa and Yale University, USA
  • G. Visakh Varma - Department of Economics, KKTM Govt. College, University of Calicut, Kerala, India

January 2019 | 222 pages | SAGE Publications Pvt. Ltd

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.


The National Accounts
The Neoclassical Macro Model
The Simple Keynesian Model
Investment and Interest Rates
The IS-LM Model
Fiscal and Monetary Policies in the IS-LM Model
The Aggregate Supply and Demand Model
Introducing the Open Economy
Credit and Crisis: An Epilogue

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