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Full Description
For courses in principles of macroeconomics. This package includes MyLab Economics. Guide students through the economic principles that will influence their financial decisions Foundations of Macroeconomics, 8th Edition introduces students to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts. The text does four core things to help students grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, students will have the foundational knowledge of how the economy works and can apply it to their lives going forward. This package includes MyLabTM Economics, an online homework, tutorial, and assessment program designed to work with this text to personalize learning and improve results.
With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. MyLab should only be purchased when required by an instructor. Please be sure you have the correct ISBN and Course ID. Instructors, contact your Pearson rep for more information.
Contents
PART 1: INTRODUCTION
1. Getting Started
2. The U.S. and Global Economies
3. The Economic Problem
4. Demand and Supply
PART 2: MONITORING THE MACROECONOMY
5. GDP: A Measure of Total Production Income
6. Jobs and Unemployment
7. The CPI and the Cost of Living
PART 3: THE REAL ECONOMY
8. Potential GDP and the Natural Unemployment Rate
9. Economic Growth
10. Finance, Saving, and Investment
PART 4: THE MONEY ECONOMY
11. The Monetary System
12. Money, Interest, and Inflation
PART 5: ECONOMIC FLUCTUATIONS
13. Aggregate Supply and Aggregate Demand
14. Aggregate Expenditure Multiplier
15. The Short-Run Policy Tradeoff
PART 6: PRICES, PROFITS, AND INDUSTRY PERFORAMANCE
16. Fiscal Policy
17. Monetary Policy
18. International Trade Policy
19. International Finance