Macroeconomics : International Edition

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Intended for undergraduate courses in intermediate macroeconomics. This well-known author seamlessly integrates real world applications with theory. Presenting material in three basic forms-words, graphs, and with algebra. Students are able to clearly understand the material. Current events are consistently used to explain macroeconomic theory throughout the text. International material is completely integrated throughout the more

Product details

  • Paperback | 624 pages
  • 200 x 254 x 22mm | 1,096g
  • Pearson Education (US)
  • Pearson
  • United States
  • 2nd edition
  • 0130173959
  • 9780130173959

Table of contents

INTRODUCTION. 1. A Tour of the World. 2. A Tour of the Book. THE CORE. The Short Run (IS-LM). 3. The Goods Market. 4. Financial Markets. 5. Goods and Financial Markets: The IS-LM Model. The Medium Run (AS-AD). 6. The Labor Market. 7. Putting All Markets Together: The AS-AD Model. 8. The Phillips Curve. 9. Inflation, Activity, and Money Growth The Long Run. 10. The Facts of Growth. 11. Saving, Capital Accumulation, and Output. 12. Technological Progress and Growth. 13. Technological Progress, Wages, and Unemployment. Expectations. 14. Expectations: The Basic Tools. 15. Financial Markets and Expectations. 16. Expectations, Consumption, and Investment. 17. Expectations, Output, and Policy. The Open Economy. 18. Openness in Goods and Financial Markets. 19. The Goods Market in an Open Economy. 20. Output, The Interest Rate, and the Exchange Rate. 21. Exchange Rate Adjustments, Exchange Rate Crises, and Exchange Rate Regimes. Pathologies. 22. Pathologies I: High Unemployment. 23. Pathologies II: High Inflation. 24. Pathologies III: Transition in Eastern Europe, and the Asian Crisis. BACK TO POLICY. Policy. 25. Should Policy Makers Be Restrained? 26. Monetary Policy: A Summing Up. 27. Fiscal Policy: A Summing Up. 28. Epilogue: The Story of Macroeconomics. APPENDICES. Appendix 1: An Introduction to National Income and Product Accounts. Appendix 2: A Math Refresher. Appendix 3: An Introduction to more

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