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Full Description
"Macroeconomics, 7/e, International Edition" includes updated information on topics such as: inequality, housing markets, the deflator and the CPI, the PCE deflator as a third measure of prices, economic growth, and International Finance. This clearly written text offers concise yet thorough coverage of current economic theories. John Taylor, former Undersecretary of the Treasury for International Affairs, offers his expertise on today's issues in a way that is relevant to students who have no prior exposure to the subject. Refreshing examples, engaging applications, and proven end-of-chapter problems simplify advanced topics and make them accessible to your students. This edition addresses the global financial challenges currently being faced, and recovery from these economic challenges. Updated graphs, figures, and popular learning features present the latest issues and data, including coverage of the Obama Administration. In addition, Aplia, the leading online homework solution, is available as part of a complete supplement package.
Contents
Part Iand Explaining the Economy. 3. The Supply and Demand Model. 4. Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings and Elasticity. Measuring the Production, Income and Spending of Nations. 7. The Spending Allocation Model. 8. Unemployment and Employment. 9. Economic Growth. 10. Money and Inflation. Part III: ECONOMIC FLUCTUATIONS AND MACROECONOMIC POLICY. 11. The Nature of Economic Fluctuations. 12. The Economic Fluctuations Model. 13. Using the Economic Fluctuations Model. 14. Fiscal Policy. 15. Monetary Policy. 16. Capital and Financial Markets. Part IV: OPEN ECONOMY MACROECONOMICS. 17. Economic Growth and Globalization. 18. International Trade. 19. International Finance. Appendix to Chapter 2: Reading, Understanding, and Creating Graphs. Appendix to Chapter 5: The Miracle of Compound Growth. Appendix to Chapter 9: Deriving the Growth Accounting Formula. Appendix to Chapter 11: Deriving the Formula for the Keynesian Multiplier and the Forward Looking Consumption Model.



