Principles of Macroeconomics
First EditionSusan Feigenbaum; R.W. Hafer
©2012
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Building from the individual to the household, to the firm, and then to the economy at large, Principles of Macroeconomics establishes an economic framework to explore the collection of choices spanning a person's life. Moving from realistic examples in everyday life to more broad ones, the text demonstrates the enduring principles of economic behavior.
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Learn MoreTable of Contents
PART I. THE ECONOMIC COSTS AND CHOICES FACING INDIVIDUALS
1. Economics as a Framework for Making Life’s Decisions
2. The Benefits and Costs of an Activity: Specialization and Exchange
3. The Demand for and Supply of Economic Goods
4. Applying the Supply and Demand Model
PART II. AN INTRODUCTION TO MACROECONOMICS
5. What Are the Big Issues: A Macroeconomic Overview
6. Measuring a Nation’s Price Level
7. Output and Income
8. The Labor Market and Unemployment
9. The Global Economy
PART III. THE ECONOMICS OF THE LONG RUN
10. The Basics of Growth Economics
11. Other Aspects of Economic Growth: Why Isn’t Everyone Rich?
12. Inflation: What It Is, and Why It’s Bad
PART IV. EXPLAINING BUSINESS (SHORT-RUN) FLUCTATIONS
13. Aggregate Expenditures and Real Output
14. Inflation Expectations and Their Effect on the Economy
15. Can Economic Fluctuations Be Predicted? Using the AD-IE Model
PART V. POLICY DEBATES
16. Fiscal Policy
17. Money, Banking, and the U.S. Federal Reserve System
18. Monetary Policy