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Full Description
Built to focus on what matters to students in today's high-tech, globalized world, Dean Karlan and Jonathan Morduch's Macroeconomics represents a new generation of products, optimized for digital delivery and available with best-in-class adaptive study resources in McGraw-Hill Connect. The second edition delivers core economic concepts along with exciting new ideas in economic thought and strives to keep students engaged by confronting issues that are important in the world.This text combines a familiar curriculum with material from new research and applied areas such as finance, behavioral economics, and the political economy. Students and faculty will find content that breaks down barriers between what takes place in the classroom and what happens in our nation and broader world, with applications that are driven by empirical evidence, data, and research. Karlan and Morduch show students that economics is a tool to better one's own life and promote better public and business policies in the world. At the same time, this second edition challenges students to reach their own conclusions about what "better" really means.
Contents
Thinking Like an EconomistPART 1 The Power of Economics1 Economics and Life2 Specialization and ExchangePART 2 Supply and Demand3 Markets4 Elasticity5 Efficiency6 Government InterventionMacroeconomics: Thinking Like a MacroeconomistPART 3 The Data of Macroeconomics7 Measuring GDP8 The Cost of LivingPART 4 Labor Markets and Economic Growth 9 Unemployment and the Labor Market10 Economic GrowthPART 5 The Economy in the Short and Long Run11 Aggregate Expenditure12 Aggregate Demand and Aggregate Supply13 Fiscal Policy PART 6 The Financial System and Institutions14 The Basics of Finance15 Money and the Monetary System16 Inflation17 Financial CrisisPART 7 International Policy Issues 18 Open-Market Macroeconomics19 Development EconomicsNER(01): WOW
