Contemporary Macroeconomics New Global Disorder

This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth.

The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.

1. Introduction.- 2. Macroeconomic Indicators.- 3. Market Structures.- 4. Major Actors in Contemporary Markets.- 5. Demand and Supply.- 6. Economic Equilibrium.- 7. Economic Cycles.- 8. Disequilibrium and Unemployment.- 9. Disequilibrium and Inflation.- 10. Government Intervention in Unbalanced MarketsProvides the most comprehensive set of fundamental and emerging concepts in macroeconomics.

Vasilii Erokhin is an associate professor, School of Economics and Management, Harbin Engineering University, China. Dr. Erokhin is an author of over 200 publications in the areas of sustainable economic development, international trade, and globalization, including “Shifting Patterns of Agricultural Trade: The Protectionism Outbreak and Food Security” (Springer Nature), “Sustainable Economic Development: Challenges, Policies, and Reforms” (MDPI), and “Regional Trade and Development Strategies in the Era of Globalization” (IGI Global). Dr. Erokhin is an editor and board member in several peer-reviewed journals and a holder of the honorary awards from the Ministry of Agriculture and the Ministry of Education and Science of Russia.

Gao Tianming is a professor, School of Economics and Management, Harbin Engineering University, China. He is a director and the chief expert of the Center for Russian and Ukrainian Studies (CRUS) and Arctic Blue Economy Research Center (ABERC) at Harbin Engineering University, the deputy head of the Heilongjiang International Economic and Trade Association, and a leading consultant of governmental bodies and commercial organizations in the sphere of economic collaboration between China, Russia, and the Republic of Korea.

Jean Vasile Andrei is a full professor at the Petroleum-Gas University of Ploiesti, Faculty of Economic Sciences. He is an editor-in-chief at International Journal of Sustainable Economies Management (USA), a founder of the Research Network on Resources Economics and Bioeconomy (RebResNet), and a member of the Balkan Scientific Association of Agrarian Economists, Danube Adria Association for Automation & Manufacturing–DAAAM International Vienna and Information Resources Management Association-USA. His research interests include sustainable development, agricultural economics and rural development, energy and resource economics, and business economics. Prof. Andrei authored over 70 papers, 11 books, and numerous conferences presentations.