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Full Description
Ever wonder what gives money value, why the unemployment rate rises or falls, or why some economies grow faster than others? What causes the business cycle, or inflation, or high interest rates? MACROECONOMICS, 13E answers these intriguing questions and more as you open the world of economic analysis. You master macroeconomics as memorable examples from everyday macroeconomic events illustrate how economic forces link to everyday events.
This edition offers videos ideal for self-study. "Video Office Hours" digital lectures walk you through worked problems, while brief "Working with Diagrams" videos demonstrate key concepts in graphing. Digital resources Aplia and MindTap with new Adaptive Test Prep enable you to assess your personal economic understanding. Explore the latest developments in today's changing economy as you gain a thorough understanding of contemporary macroeconomics.
Contents
Part I: ECONOMICS: THE SCIENCE OF SCARCITY.
1. What Economics Is About.
Appendix A: Working with Diagrams.
Appendix B: Should You Major in Economics?
2. Production Possibilities Frontier Framework.
3. Supply and Demand: Theory.
4. Prices: Free, Controlled, and Relative.
5. Supply, Demand, and Price: Applications.
Part II: Macroeconomic Fundamentals.
6. Macroeconomic Measurements, Part I: Prices and Unemployment.
7. Macroeconomic Measurements, Part II: GDP and Real GDP.
Part III: Macroeconomic Stability, Instability, and Fiscal Policy.
8. Aggregate Demand and Aggregate Supply.
9. Classical Macroeconomics and the Self-Regulating Economy.
10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.
11. Fiscal Policy and the Federal Budget.
Part IV: Money, the Economy, and Monetary Policy.
12. Money, Banking and the Financial System.
13. The Federal Reserve System.
Appendix C: The Market for Reserves (Or the Federal Funds Market).
14. Money and the Economy.
15. Monetary Policy.
Appendix D: Bond Prices and Interest Rates.
Part V: Expectations and Growth.
16. Expectations Theory and the Economy.
17. Economic Growth: Resources, Technology, Ideas, and Institutions.
Part VI: Government and the Economy.
18. Debates in Macroeconomics Over the Role and Effects of Government.
Part VII: Public Choice, and Special-Interest-Group Politics.
19. Public Choice and Special-Interest-Group Politics.
Part VIII: Economics Theory-Building and Everyday Life.
20. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions.
The Global Economy.
Part IX: International Economics and Globalization.
21. International Trade.
22. International Finance.
Web Chapters.
23. The Economic Case For and Against Government: Five Topics Considered.
24. Stocks, Bonds, Futures, and Options.
