Economics
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Item Macroeconomics : A problem and solution guide(Mzumbe University, 2005) Kamuzora, FaustinThe idea to compile this manual came out of my over ten years of experience teaching the first-year microeconomics (ECO 101) course at the former Institute of Development Management (IDM) and later at Mzumbe University. Though I had IDM/Mzumbe University students in mind, I later found that it was necessary to compile a manual that would suit first and second-year students studying macroeconomics at any institution of higher learning in East Africa and elsewhere. The primary aim of this manual, therefore, is to assist the students studying macroeconomics for the first time on how to attempt macroeconomics questions. Macroeconomics questions can be solved using mathematical, graphical and descriptive approaches, all of which have been utilised in this manual. Moreover, the suggested solutions to the question provide summarised information on macroeconomics, which in other books could be too lengthy to read and comprehend. In order to make the content of this manual easily discerned, many problems and solutions use local examples. Even though the content of this manual mostly covers the syllabus for the macroeconomics course offered in many institutions of higher learning, the contents are quite relevant to other readers may including students in institutions of higher learning who do not study macroeconomics, as well as the general public. The author believes that every individual needs to grapple with basic issues of macroeconomics since they affect everyone. Everyone pays taxes and is affected by the effects of inflation in various ways; thus, macroeconomic issues touch everyone's livelihood. Macroeconomics issues are presented in a simplified format to be understood by as many readers as possible. The manual is organised in six chapters, each with several sections as follows: Chapter One: National Economy and National Income Analysis; Chapter Two: Money and Banking; Chapter Three: Inflation; Chapter Four: Public Finance; Chapter Five: Business Cycles; and Chapter Six: International Trade and Balance of Payments. Finally, a list of bibliography is included at the end of the manual for those who would like to explore more on any microeconomics issues raised in this text. In a similar vein, a detailed index of keywords is provided to ensure that a reader can quickly turn to the appropriate page(s) to look for an appropriate keyword of interest.