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Naujas makroekonomikos vadovėlis Lietuvos universitetų ekonominių (New textbook “Macroeconomics for the Students of Economics specialities”)

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Author(s): Vytautas Juščius

Journal: Engineering Economics
ISSN 1392-2785

Volume: 5;
Start page: 107;
Date: 2006;
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Keywords: Review

ABSTRACT
The new book “Macroeconomics: textbook for students of economicsspecialties’” is written by the lecturers of Kaunas Universityof Technology. This manual of macroeconomics is designed accordingto a popular structure of macroeconomics theory in USA andWest Europe universities. The development of economics thought hasmade an important input into methodological cognition developmentand is an important instrument for understanding reality and presentsalternatives for discussions. The textbook is devoted to the studentsof economics studies and for those, who seek to understand economyand social policy. The authors of the book tried to bring sense ofcoherence to the whole totality of the main macroeconomics principlesand views. Evaluating the textbook it is necessary to pay attentionto some aspects such as its necessity and originality, the experienceof the authors and novelty, the importance of book for its readers,its logic and language.It is an intermediate level textbook. It shows what and how macroeconomistsmeasures and evaluation, the evolution of macroeconomicsand recent controversies, short run processes and long ternadjustments. The book consists of six parts and nineteen chapters.The first chapter “Methodological backgrounds of macroeconomics”involves the essentials of economics system, its understanding andmacroeconomic policy forms. The second chapter “The main macroeconomicsindicators” reveals the importance and problems of nationalaccounting system and the measuring of domestic output, nationalincome, price level, consumption and investment. The thirdpart of the textbook “The instruments of economic regulation” analysesfiscal and monetary policy. These policies are described using ISLMmodel and macroeconomics demand schedule. The fifth part“Macroeconomics dynamics” presents the growth of economics theories,analyses the main economic problems: unemployment and inflation,shows the system of money at the international level in globaleconomy and European integration development. The sixth part “Thelessons of economics history” gives a very important methodologicalbackground and understanding of historical development of economicthought.The book under review analyses fundamental macroeconomicstheory principles and its practical aspects. It will be useful for thestudents of economics and business administration as well as, forlectures, businessmen and all those interested in the subject.
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