Macroeconomics : Principles and Tools

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For 1-semester, freshman/sophomore level courses in Principles of Macroeconomics.This modern principles text has a strong foundation in demand and supply, the most important topic in learning and teaching principles of economics. Its improved coverage of change in demand vs. change in quantity demanded (also in supply coverage) enables students to better visualize and truly understand the difference between these two fundamental concepts. In macroeconomics, the long run first organization offers a balanced presentation between long run and short run topics allow professors to cover the important issues of growth early, and gives them the flexibility to cover Keynesian material when they feel it is important. The AD/AS model is covered early in the presentation.If you want to teach a modern principles course that brings out economic applications through active learning and experiments, and utilizes a streamlined framework emphasizing 5 key principles, examine O'Sullivan/Sheffrin's Economics: Principles and Tools 3/e.If you prefer to introduce long run issues with subsequent, balanced coverage of AS/AD and the Keynesian Cross, examine Chapters 7-10.When covering Comparative Advantage, if you prefer early coverage and emphasis continuing throughout related topics, start by looking at Chapter 3 and continue through O'Sullivan/Sheffrin's discussion of interdependence of economies.
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Product details

  • Paperback | 414 pages
  • 200.7 x 251.5 x 17.8mm | 825.55g
  • Pearson
  • United States
  • English
  • 3rd edition
  • 0130358118
  • 9780130358110

Table of contents

I. INTRODUCTION AND KEY PRINCIPLES. 1. Introduction: What Is Economics? 2. Key Principles of Economics. 3. Markets in the Global Economy. 4. Supply, Demand, 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. Classical Economics: The Economy at Full Employment. 8. Why Do Economies Grow? IV. ECONOMIC FLUCTUATIONS. 9. Aggregate Demand and Aggregate Supply. 10. Keynesian Economics and Fiscal Policy. 11. Investment and Financial Intermediation. V. MONEY, BANKING, AND MONETARY POLICY. 12. Money, the Banking System, and the Federal Reserve. 13. Monetary Policy in the Short Run. VI. INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY. 14. From the Short Run to the Long Run. 15. The Dynamics of Inflation and Unemployment. 16. Current Issues in Macroeconomic Policy. VII. THE INTERNATIONAL ECONOMY. 17. International Trade and Public Policy. 18. The World of International Finance.
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