Mid to high end intermediate Macroeconomics text that starts with the short run first. Organized around core chapters and 3 optional extensions. The core covers short run, medium run and then long run and then followed by the three extensions: openness, expectations and pathologies. The book concludes with a section on policy. Known for its global emphasis and empirical applications of theory.
- Hardback | 640 pages
- 210 x 252 x 30mm | 1,378.91g
- 13 Aug 2002
- Pearson Education (US)
- Upper Saddle River, NJ, United States
- 3rd edition
Table of contents
INTRODUCTION. 1. A Tour of the World. 2. A Tour of the Book. THE CORE. The Short Run. 3. The Goods Market. 4. Financial Markets. 5. Goods and Financial Markets: The IS-LM Model. The Medium Run. 6. The Labor Market. 7. Putting All Markets Together: The AS-AD Model. 8. The Natural Rate of Unemployment and 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 Regimes. Pathologies. 22. Slumps and Depressions. 23. High Inflation. BACK TO POLICY. 24. Should Policy Makers Be Restrained? 25. Monetary Policy: A Summing Up. 26. Fiscal Policy: A Summing Up. Epilogue. 27. 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 Econometrics. Glossary. Index.