Earth Economics

Written principally for students seeking an introduction to macroeconomics, this book offers a completely new angle to policy, with a focus on the truly global level. Underpinned by empirical orientation of state-of-the-art data, it introduces earth economics as the study of the economy of our planet from the perspective of an autarkic system (a 'closed economy'), focussing on policymaking that improves global rather than national welfare.

Key features include:

- A discourse on issues fundamental to the understanding of macroeconomics.

- An introduction to economists' tools and concepts. Non-economists will learn how to survive in a discussion with economists: where to ask questions, where to listen, where to skip and where to ignore.

- Presentation of extensive and wide-ranging data in a consistent and comprehensive framework.

- In-depth treatment of key concepts including: aggregates, autarky, closed economies, current accounts, earth economics, data, macroeconomics, microeconomics, development and global public goods.

- Provision of a thorough, working understanding of the subject matter via exercises set throughout the book, including: questions on the text, calculations, formulating arguments and preparation, analysis and interpretation of data and figures.

See the companion website - www dot eartheconomics dot info for updates and additional information.

Contents: Preface 1. Introduction: It is the Only One We Have 2. Planet Accounts Part I: Short-term Fluctuations and Demand Management 3. Earth's Business Cycle 4. Why I = S and What That Means: The Building Blocks of Macroeconomic Analysis 5. Investment, the IS Curve, and Product Market Equilibrium 6. What About Government? 7. Money Matters! The LM Curve and Money Market Equilibrium 8. Eartheconomic Demand and Supply 9. Puzzling Disagreements Part II: Long Run 10. Long-Run Growth 11. Development and Change 12. Limits to Growth? Part III: Earth Governance and Global Public Goods 13. Global Public Goods 14. Global Peers: An Agenda References Index