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Full Description
For courses in the principles of macroeconomics.
An evidence-basedapproach to economics
Throughout Macroeconomics,3rd Edition, authors Daron Acemoglu, David Laibson, and John List usereal economic questions and data to help students learn about the world aroundthem. Taking a fresh approach, they use the themes of optimization,equilibrium, and empiricism to not only illustrate the power of simple economicideas, but also to explain and predict what's happening in today's society.Each chapter begins with an empirical question that is relevant to the life ofa student and is later answered using data in the Evidence-Based Economicsfeature. As a result of the text's practical emphasis, students learn to applyeconomic principles to guide the decisions they make in their own daily lives
Contents
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Doing the Best You Can
4. Demand, Supply, and Equilibrium
5. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
6. Aggregate Incomes
7. Economic Growth
8. Why Isn't the Whole World Developed?
9. Employment and Unemployment
10. Credit Markets
11. The Monetary System
12. Short-Run Fluctuations
13. Countercyclical Macroeconomic Policy
14. Macroeconomics and International Trade
15. Open Economy Macroeconomics
