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Full Description
Immediately engage today's reader with MACRO, a unique modern presentation of macroeconomics that makes it easy to emphasize a solid microfoundations and real-business cycle approach in a presentation unlike any other intermediate macroeconomics text. Student engineered and faculty approved, Robert Barro's MACRO demonstrates an extraordinary command of growth, equilibrium, and business cycle theory with a focus on microfoundations. Captivating features range from rocker Bono's perspective on debt relief to the hidden costs of multiple shifts and overtime hours, all within a unified model of macroeconomics ideal for all majors. The distinctive, magazine-style pages of Barro's MACRO were inspired by feedback from students and refined by input from more than seventy teaching professionals. The result is a brief paperback packed with current policy and data examples that reflect the author's extensive research in the field, as well as a suite of tightly integrated learning aids that accommodate the busy, diverse lifestyles of today's learners.Students can even access the Cengage Global Economic Watch, which connects to thousands of journal and news articles and videos using a simple search engine. Students experience intermediate macroeconomics as it happens today with the powerful, appealing presentation and resources found only in MACRO.
Contents
Part INational-Income Accounting: Gross Domestic Product and the Price Level. Part II: ECONOMIC GROWTH. 3. Introduction to Economic Growth. 4. Working with the Solow Model. 5. Conditional Convergence; Long-Run Economic Growth. Part III: ECONOMIC FLUCTUATIONS. 6. Markets, Prices, Supply and Demand. 7. Consumption, Saving, and Investment. 8. An Equilibrium Business-Cycle Model. 9. Capital Utilization and Unemployment. Part IV: MONEY AND PRICES. 10. The Demand for Money and the Price Level. 11. Inflation, Money Growth, and Interest Rates. Part V: THE GOVERNMENT SECTOR. 12. Government Expenditure. 13. Taxes. 14. The Public Debt. Part VI: MONEY AND BUSINESS CYCLES. 15. Money and Business Cycles I: The Price-Misperceptions Model. 16. Money and Business Cycles II: Sticky Prices and Nominal Wage Rates. Part VII: INTERNATIONAL MACROECONOMICS (Online Chapter). 17. World Markets in Goods and Credit (Online Chapter). 18. Exchange Rates (Online Chapter).
