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Introduces Readers to the Basic Concepts of Economics with Timely, Engaging Stories and Applications. Readers hoping to gain a better understanding of economics and the world around them often leave with their questions unanswered. Macroconomics: Principles, Applications, and Tools is built upon the author’s philosophy of using the basic concepts of economics to explain a wide variety of timely, engaging, real-world economic applications.
Language: English
ISBN-10: 0134089022
ISBN-13: 978-0134089027
ISBN-13: 9780134089027
Author: Arthur O’Sullivan, Steven Sheffrin, Stephen Perez
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Table of Content:
I. INTRODUCTION AND KEY PRINCIPLES
1. Introduction: What is Economics?
2. The Key Principles of Economics
3. Exchange and Markets
4. Demand, Supply, and Market Equilibrium
II. THE BASIC CONCEPTS IN MACROECONOMICS
5. Measuring a Nation’s Production and Income
6. Unemployment and Inflation
III. THE ECONOMY IN THE LONG RUN
7. The Economy at Full Employment
8. Why Do Economies Grow?
IV. ECONOMIC FLUCTUATIONS AND FISCAL POLICY
9. Aggregate Demand and Aggregate Supply
10. Fiscal Policy
11. The Income Expenditure Model
12. Investment and Financial Markets
V. MONEY, BANKING, AND MONETARY POLICY
13. Money and the Banking System
14. The Federal Reserve and Monetary Policy
VI. INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY
15. Modern Macroeconomics: From the Short Run to the Long Run
16. The Dynamics of Inflation and Unemployment
17. Macroeconomic Policy Debates
VII. THE INTERNATIONAL ECONOMY
18. International Trade and Public Policy
19. The World of International Finance
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