Full Description
Learn to apply macroeconomic concepts to the real world as MACROECONOMICS: PRIVATE AND PUBLIC CHOICE, 17E highlights current economic conditions. Reader-friendly coverage analyzes and explains the latest economic activity, the recession of 2008-2009 and the economy's shutdown from the COVID-19 pandemic of 2020. This edition dispels common economic myths with insights that clarify today's economic issues and controversies.
You examine the importance of entrepreneurship while an emphasis on public choice provides a unique economic perspective on the political process and why government actions sometimes fail to deliver desired outcomes. You also learn how to apply economic concepts to topics, such as student loans, and how events, such as the Great Suppression of 2020, affect opportunities. You study the importance of international trade as a source of economic growth and higher living standards. Most importantly, you learn how to use economics to make better decisions in your career, stronger investments and effectively handle risk in your personal life.
Contents
Part I: THE ECONOMIC WAY OF THINKING.
1. The Economic Approach
2. Some Tools of the Economist
Part II: MARKETS AND GOVERNMENT
3. Demand, Supply, and the Market Process
4. Supply and Demand: Applications and Extensions
5. Difficult Cases for the Market, and the Role of Government
6. The Economics of Political Action
Part III: CORE MACROECONOMICS
7. Taking the Nation's Economic Pulse
8. Economic Fluctuations, Unemployment, and Inflation
9. An Introduction to Basic Macroeconomic Markets
10. Dynamic Change, Economic Fluctuations, and the AD--AS Model
11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics
12. Fiscal Policy: Incentives, and Secondary Effects
13. Money and the Banking System
14. Modern Macroeconomics and Monetary Policy
15. Macroeconomic Policy, Economic Stability, and the Federal Debt
16. Creating an Environment for Growth and Prosperity
17. The Economics of Development
Part IV: INTERNATIONAL ECONOMICS
18. Gaining from International Trade
19. International Finance and the Foreign Exchange Market
Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS
Special Topic 1. Government Spending and Taxation
Special Topic 2. The Economics of Social Security
Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity
Special Topic 4. Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government
Special Topic 5. The 2020 COVID-19 Recession: Cause, Response, and Implications for the Future
Special Topic 6. The Great Recession of 2008-2009: Causes and Response
Special Topic 7. Lessons from the Great Depression
Appendix A. General Business and Economics Indicators for the United States
Appendix B. Answers to Selected Critical Analysis Questions
