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Full Description
Gwartney/Stroup/Sobel/Macpherson's "Macroeconomics: Private and Public Choice" 18th Edition, highlights topics such as student loans, inflation, international trade, the stock market and the national debt. Reader-friendly coverage analyzes economic myths, clarifying current issues and controversies. Examine the importance of entrepreneurship and the process of creative destruction -- goods, services and technology displacing jobs and businesses, while emphasizing how public choice provides a unique economic perspective to the political process and why government actions might fail to deliver desired outcomes. Learn how changing economic conditions and policies affect job market opportunities. Study the importance of international trade as a source of economic growth and higher living standards. Learn how to use economics to make better career decisions, investments and handling of risk.
Contents
Part I: THE ECONOMIC WAY OF THINKING.
1. The Economic Approach.
2. Some Tools of the Economist.
Part II: MARKETS AND GOVERNMENT.
3. Demand, Supply, and the Market Process.
4. Supply and Demand: Applications and Extensions.
5. Difficult Cases for the Market, and the Role of Government.
6. The Economics of Political Action.
Part III: CORE MACROECONOMICS.
7. Taking the Nation's Economic Pulse.
8. Economic Fluctuations, Unemployment, and Inflation.
9. An Introduction to Basic Macroeconomic Markets.
10. Dynamic Change, Economic Fluctuations, and the AD--AS Model.
11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics.
12. Fiscal Policy: Incentives, and Secondary Effects.
13. Money and the Banking System.
14. Modern Macroeconomics and Monetary Policy.
15. Macroeconomic Policy, Economic Stability, and the Federal Debt.
16. Creating an Environment for Growth and Prosperity.
17. The Economics of Development.
Part IV: INTERNATIONAL ECONOMICS.
18. Gaining from International Trade.
19. International Finance and the Foreign Exchange Market.
Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS.
Special Topic 1. Government Spending and Taxation.
Special Topic 2. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity.
Special Topic 3. Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government.
Special Topic 4. The Great Recession of 2008-2009: Causes and Response.
Special Topic 5. Lessons from the Great Depression.
Special Topic 6: The Economics of Health Care.
Appendix A. General Business and Economics Indicators for the United States.
Appendix B. Answers to Selected Critical Analysis Questions.



