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ISBN:9781319567569
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ISBN:9781319567651
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There is no one better than Mankiw when it comes to explaining macroeconomics theory, research, and policy.
The number one product for the Intermediate Macro course, this text explains complex concepts with exceptional clarity. This new edition has updated coverage on income inequality, full coverage of the monetary system across two chapters, and an improved model of labor-force dynamics to explain the natural rate of unemployment.
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Learn MoreTable of Contents
Preface
Part I Introduction
Chapter 1 The Science of Macroeconomics
Chapter 2 The Data of Macroeconomics
Part II Classical Theory: The Economy in the Long Run
Chapter 3 National Income: How It Is Earned
Chapter 4 National Income: How It Is Spent
Chapter 5 A First Look at the Monetary System
Chapter 6 Inflation: Its Causes, Effects, and Social Costs
Chapter 7 The Open Economy
Chapter 8 Unemployment and the Labor Market
Part III Growth Theory: The Economy in the Very Long Run
Chapter 9 Capital Accumulation as a Source of Growth
Chapter 10 Population Growth and Technological Progress
Chapter 11 Growth Empirics and Policy
Part IV Business Cycle Theory: The Economy in the Short Run
Chapter 12 Introduction to Economic Fluctuations
Chapter 13 Aggregate Demand I: Building the IS–LM Model
Chapter 14 Aggregate Demand II: Applying the IS–LM Model
Chapter 15 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
Chapter 16 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment
Part V Topics in Macroeconomic Theory and Policy
Chapter 17 A Dynamic Model of Economic Fluctuations
Chapter 18 Alternative Perspectives on Stabilization Policy
Chapter 19 Government Debt and Budget Deficits
Chapter 20 Banking and Monetary Policy
Chapter 21 The Financial System: Opportunities and Dangers
Chapter 22 The Microfoundations of Consumption and Investment
Epilogue What We Know, What We Don’t