How accurate is the north-south division theory

Introduction to Economics pp 143-392 | Cite as

  • Paul Engelkamp
  • Friedrich L. Sell
Chapter
First Online:
Part of the Springer textbook book series (SLB)

Summary

As already explained above, macroeconomics forms the second major area of ​​economic theory alongside microeconomics. While microeconomics - as we have seen in the previous sections - starts with microeconomic behavior, i.e. the behavior of individual households and companies, and examines the coordination of individual decisions on the market on this basis, macroeconomic aggregates are in the foreground in macroeconomic analysis. Economic aggregates are summaries of individual or partial quantities. On the one hand, these aggregates relate to the business units. In particular, the individual private households are grouped under the household sector and the individual companies under the corporate sector. But there is also an aggregation with regard to economic activities. For example, the goods produced during a period form the domestic product, the individual investment projects are aggregated into a single variable - namely the investments - or the entire purchases of consumer goods are combined into the item consumption. This thinking in aggregates forms the basis of the macroeconomic analysis, the sub-areas of which are shown schematically in the following overview.

This is a preview of subscription content, log in to check access.

Preview

Unable to display preview. Download preview PDF.

Sources and Recommended Reading

  1. Arnold, L. (1997): Growth Theory, Munich: Vahlen.Google Scholar
  2. Arnold, L. (2003): Macroeconomics. An introduction to the theory of goods, labor and financial markets. 1st edition, Tübingen: Mohr Siebeck.Google Scholar
  3. Barro, R.J. (1974): Are Government Bonds Net Wealth ?, in: Journal of Political Economy 82, Issue 4, pp. 1095–1118.Google Scholar
  4. Barro, R.J./Sala-i-Martin, X. (1998): Economic growth, Munich et al .: Oldenbourg.Google Scholar
  5. Baßeler, U./Heinrich, J./Utrecht, B. (2002): Fundamentals and problems of the national economy. 17th edition, Stuttgart: Schäffer-Poeschel.Google Scholar
  6. Bender, D. (1999): Foreign Trade, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 7th edition, Munich: Vahlen, pp. 455-518.Google Scholar
  7. Bender, D. (2003): Internationaler Handel, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 475-560.Google Scholar
  8. Berg, H. (1999): Foreign Trade Policy, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 2, 7th edition, Munich: Vahlen, pp. 543-591.Google Scholar
  9. Blanchard, O. (2003): Macroeconomics, 3approx ed., New Jersey: Prentice Hall.Google Scholar
  10. Blanchard, O./G. Illing (2004): Macroeconomics. 3rd edition, Munich: Pearson.Google Scholar
  11. Blümle, G. (1982): Foreign Economic Theory, Freiburg i. Br .: Rombach.Google Scholar
  12. Blümle, G. (1995): Macroeconomics, in: Blümle, G./Francke, H.-H. (Ed.): Compendium of the Administration and Business Academy Freiburg, Vol. 1: Economics, 1st edition, Freiburg i. Br .: Rombach, pp. 55–118.Google Scholar
  13. Blümle, G. (2005): Distribution Theory and Distribution Policy, Mimeo, Freiburg i. Br.Google Scholar
  14. Blümle, G./Patzig, W. (1999): Grundzüge der Makroökonomie, 4th edition, Freiburg i. Br .: Haufe. Google Scholar
  15. Borchert, M. (2003): Geld und Kredit, 8th edition, Munich et al .: Oldenbourg.CrossRefGoogle Scholar
  16. Brandt, K. (1973): Introduction to Economics, 3rd edition, Freiburg i. Br .: Rombach.Google Scholar
  17. Brandt, K. (1992): History of German Economics. Vol. 1: From Scholasticism to Classical Economics, Freiburg: Haufe.Google Scholar
  18. Brandt, K. (1993): History of German Economics. Vol. 2: From Historicism to Neoclassicism, Freiburg: Haufe.Google Scholar
  19. Burda, M.C./Wyplosz, C. (2003): Macroeconomics. A European perspective, 2nd edition, Munich: Vahlen.Google Scholar
  20. Cassel, D. (2003): Inflation, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 331–395.Google Scholar
  21. Claassen, E.-M. (2002): Monetary Foreign Trade, Munich: Vahlen.Google Scholar
  22. Deutsche Bundesbank (2010): monthly reports, various editions, Frankfurt a. M. Google Scholar
  23. Dieckheuer, G. (2003): Macroeconomics. 5th ed., Berlin.Google Scholar
  24. Dornbusch, R./Fischer, S. (2003): Makroökonomik, 8th edition, Munich et al .: Oldenbourg.Google Scholar
  25. Engelkamp P./Sell, F.L. (2005): Introduction to Economics. 3rd ed., Berlin.Google Scholar
  26. Essig, H./Hartmann, N. (1999): National accounts, 1st half of 1999, in: Federal Statistical Office: Economy and Statistics No. 9, Wiesbaden, pp. 688–701.Google Scholar
  27. European Central Bank (2010): Monthly Report, October 2010 edition, Frankfurt a. M. Google Scholar
  28. Faulhaber, J. (2000): The new account system of the European system of national accounts, in: WISU, 29th year, issue 12, pp. 1608–1611.Google Scholar
  29. Froyen, R.T. (2005): Macroeconomics - Theories and Policies. 8th ed., Upper Saddle River: Pearson.Google Scholar
  30. Gabisch, G. (2003): Economy and Growth, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 351-415.Google Scholar
  31. Gärtner, M. (1989): Macroeconomics in Endogenous Government Behavior, in: WiSt, 18. Jg., Heft 12, S. 602-608.Google Scholar
  32. Gocken, M./Köhler, T. (2002): Außenwirtschaft. Heidelberg: Physica.CrossRefGoogle Scholar
  33. Görgens, E./Ruckriegel, K. (2002): Fundamentals of the macroeconomic theory, 8th edition, Bayreuth: P.C.O. Google Scholar
  34. Gordon, R.J. (2000): Macroeconomics, 9th ed., Boston, MA: Addison Wesley.Google Scholar
  35. Herberg, H. (1992): Terms of trade and welfare effects of quantitative trade restrictions - a graphic analysis, in: WiSt, 21st Jg., Heft 10, pp. 493–498.Google Scholar
  36. Heubes, J. (1991): Business and Growth, Munich: Vahlen.Google Scholar
  37. Hösch, F./Szigetti, P.R. (2001): Volkswirtschaftslehre, 5th ed., Herne and others: Verlag Neue Wirtschaftsbriefe.Google Scholar
  38. Huber, R. (2000): System change in economics accounting, in: WISU, 29th year, issue 4, pp. 460–464.Google Scholar
  39. Hübl, L. (2003): Economic cycle and overall economic accounting, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 53–94.Google Scholar
  40. Issing, O. (1993): Introduction to the theory of money, 9th edition, Munich: Vahlen.Google Scholar
  41. Jochem, A./Sell, F.L. (2001): Currency policy options for the Central and Eastern European candidate countries for accession to the EU, Tübingen: Mohr Siebeck.Google Scholar
  42. Johnson, H.G. (1973): The Theory of Income Distribution, London: Gray-Mills, Google Scholar
  43. Kaldor, N. (1976): Alternative Distribution Theories, in: Schlicht, E. (Ed.): Introduction to Distribution Theory, Reinbek near Hamburg: Rowohlt, pp. 101–128.Google Scholar
  44. Kath, D. (1999): Geld und Kredit, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 7th edition, Munich: Vahlen, pp. 187–235.Google Scholar
  45. Keynes, J.M. (1936): General Theory of Employment, Interest and Money, London: Mcmillan, Google Scholar
  46. Klump, R. (1999): Growth Policy, in: WiSt, 28th vol., Heft 3, pp. 119–124.Google Scholar
  47. Koesters, P.-H. (1995): Economists are changing the world, Munich: Goldmann.Google Scholar
  48. Kromphardt, J. (2001) Fundamentals of Macroeconomics. 2nd edition, Munich: Vahlen.Google Scholar
  49. Krugman, P.R./Obstfeld, M. (2004): International Economy - Theory and Politics of Foreign Trade. 6th edition, Munich: Pearson.Google Scholar
  50. Maier, G./Tödtling, F. (1995): Regional- und Stadtökonomik, Vienna, New York: Springer, pp. 125-133.Google Scholar
  51. Malinvaud, E. (1985): The Theory of Unemployment Reconsidered, 2nd ed., Oxford: Blackwell.Google Scholar
  52. Maußner, A./Klump, R. (1996): Growth Theory, Berlin et al .: Springer.CrossRefGoogle Scholar
  53. Meadows, D.L./Meadows, D.H./Zahn, E. (1972): The limits of growth, Stuttgart: Dt. Verlags-Anstalt.Google Scholar
  54. Michaelis, J. (1995): Internationaler Handel, in: Blümle, G./Francke, H.-H. (Ed.): Compendium of the Administration and Business Academy Freiburg - Vol. 1: Economics, 1st edition, Freiburg i. Br .: Rombach, pp. 231–265.Google Scholar
  55. Müller, J.H./Peters, H. (1991): Introduction to Economics, 12th edition, Herne et al .: Verlag Neue Wirtschafts-Briefe.Google Scholar
  56. Müller, R. (1995): Business and Growth, in: Blümle, G./Francke, H.-H. (Ed.): Compendium of the Administration and Business Academy Freiburg - Vol. 1: Economics, 1st edition, Freiburg i. Br .: Rombach, pp. 181–230.Google Scholar
  57. Mundell, R.A. (1961): A Theory of Optimum Currency Areas, in: American Economic Review, Vol. 51, Issue 3, pp. 657-665. Google Scholar
  58. Nissen, H.-P. (2002): The European System of National Accounts, 4th edition, Heidelberg: Physica.CrossRefGoogle Scholar
  59. Nordhaus, W.D. (1975): The Political Business Cycle, in: Review of Economic Studies, Volume 42, Issue 2, pp. 169–190.Google Scholar
  60. Peschel, K. (1990): The “classic” von Thünen model, in: WISU, 19th year, issue 10, pp. 592–597.Google Scholar
  61. Petersen, T. (2006): Die Ricardianische Rententheorie, in: WISU, 35th year, issue 10, pp. 1220-1226.Google Scholar
  62. Phelps, E.S. (1970): Microeconomic Foundations of Employment and Inflation Theory, New York: W.W. Norton.Google Scholar
  63. Ricardo, D. (1821): On the principles of political economy and taxation. Edited by H.D. Kurz (1994), Marburg: Metropolis.Google Scholar
  64. Rose, K. (1975): Income and Employment Theory, in: Ehrlicher, W. et al. (Ed.): Kompendium der Volkswirtschaftslehre, Vol. 1, 5th edition, Göttingen: Vandenhoeck & Ruprecht, pp. 183–245.Google Scholar
  65. Rose, K. (1995): Fundamentals of Growth Theory, 6th edition, Göttingen: Vandenhoeck & Ruprecht.Google Scholar
  66. Rose, K./Sauernheimer, K. (1999): Theory of Foreign Trade, 13th edition, Munich: Vahlen.Google Scholar
  67. Samuelson, P. (1939): Interaction Between the Multiplier Analysis and the Principle of Acceleration, in: Review of Economics and Statistics, Vol. 21, No. 2, pp. 75-78. Google Scholar
  68. Schätzl, L. (2001): Wirtschaftsgeographie 1: Theory, 8th edition, Paderborn et al. O .: UTB, pp. 63-72. Google Scholar
  69. Sell, F.L. (1998): Max Weber - der Nationalökonom: On the reinterpretation of his work by Wilhelm Hennis, in: ORDO, Vol. 49, pp. 211–227.Google Scholar
  70. Sell, F.L. (2001): Is there a need for monetary and real convergence for (in a) currency union? Comments on a current debate, in: List Forum for Economic and Financial Policy, Vol. 27, Issue 4, pp. 379–398.Google Scholar
  71. Sell, F.L. (2001a): Increased pace of trade liberalization required, in: Ifo Schnelldienst, 54th vol., Issue 21, pp. 5-7.Google Scholar
  72. Sell, F.L. (2004): Monetary policy in the service of development: Still a research program, in: Journal for Economic Policy, Volume 53, Issue 2, pp. 123–150.Google Scholar
  73. Sell, F.L. (2006): Interest rate and money supply control in the open economy. in: WISU, vol. 35, issue 3, pp. 363–372, 379f. Google Scholar
  74. Sell ​​F.L./Reinke, S. (1991): Purchasing Power Parity Theory and Real Exchange Rate. in: WISU, 20th year, issue 7, pp. 526-530.Google Scholar
  75. Sell, FL / Oberpriller, C. (2006): Monetary and fiscal policy for “larger” open economies: Extension of the AS / AD analysis to include the real exchange rate, in: WISU, 35th year, issue 08-09, p 1103-1110, p. 1123. Google Scholar
  76. Siebke, J./Thieme, H.J. (2003): Income, Employment, Price Level, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 95–187.Google Scholar
  77. Smeets, H.-D. (2003): Currency and International Financial Markets, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 265-330.Google Scholar
  78. Federal Statistical Office (2006): Ranking of trading partners in foreign trade in the Federal Republic of Germany 2005, Internet version: http://www.destatis.de/themen/d/thm_aussen.php, accessed on December 7, 2006.
  79. Federal Statistical Office (2010): Statistisches Jahrbuch 2010, Wiesbaden: Statistisches Bundesamt.Google Scholar
  80. Stobbe, A. (1994): Economics accounting, 8th edition, Berlin, among others: Springer.CrossRefGoogle Scholar
  81. Vollmer, U. (2003): Geld und Kredit, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 8th edition, Munich: Vahlen, pp. 189–263.Google Scholar
  82. Wagner, H. (2003): Macroeconomics, Munich: Vahlen.Google Scholar
  83. Willms, M. (1995): International Monetary Policy, 2nd edition, Munich and others: Vahlen.Google Scholar
  84. Willms, M. (1999): Currency, in: Bender, D. et al. (Ed.): Vahlen's Compendium of Economic Theory and Economic Policy, Vol. 1, 7th edition, Munich: Vahlen, pp. 237–286.Google Scholar

Copyright information

© Springer Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.DST - Development Center for Ship Technology and Transport Systems e.V.Duisburg, Germany
  2. 2.Institute for EconomicsUniversity of the Federal Armed Forces Munich Faculty for Economics and Organizational SciencesNeubibergGermany