Macroeconomics
Macroeconomics is an evidence-based approach to economics, highly applicable for courses in Principles of Macroeconomics. With real economic questions and data, it takes a fresh approach with various themes of optimization, equilibrium, and empiricism. This book illustrates the power of simple economic ideas, while also highlighting some explanations and predictions on what’s happening in today’s society. Through practical emphasis, Macroeconomic will help you apply economic principles to guide you through decision making.
Table of Contents
PART I: INTRODUCTION TO ECONOMICS
1. The Principles and Practice of Economics
2. Economic Methods and Economic Questions
3. Optimization: Doing the Best You Can
4. Demand, Supply, and Equilibrium
PART II: INTRODUCTION TO MACROECONOMICS
5. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
6. Aggregate Incomes
PART III: LONG-RUN GROWTH AND DEVELOPMENT
7. Economic Growth
8. Why Isn’t the Whole World Developed?
PART IV: EQUILIBRIUM IN THE MACROECONOMY
9. Employment and Unemployment
10. Credit Markets
11. The Monetary System
PART V: SHORT-RUN FLUCTUATIONS AND MACROECONOMICS POLICY
12. Short-Run Fluctuations
13. Countercyclical Macroeconomic Policy
PART VI: MACROECONOMICS IN A GLOBAL ECONOMY
14.Macroeconomics and International Trade
15. Open Economy Macroeconomics
CHAPTERS ON THE WEB
1. Financial Decision Making
2. Economics of Life, Health, and the Environment
3. Political Economy