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Cover: Modern Principles: Macroeconomics, 6th Edition by Tyler Cowen; Alex Tabarrok
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Sixth  Edition|©2024  Tyler Cowen; Alex Tabarrok

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  • About
  • Digital Options
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About

From the authors of the popular blog, The Marginal Revolution, Modern Principles of Macroeconomics focuses on modern content and modern delivery, teaching economics in a way that makes it more memorable for you.

Digital Options

E-book

Read online (or offline) with all the highlighting and notetaking tools you need to be successful in this course.

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Achieve

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Contents

Table of Contents

Preface
Chapter 1 The Big Ideas
Chapter 2  The Power of Trade and Comparative Advantage
 
Part I Supply and Demand
Chapter 3 Supply and Demand
Chapter 4 Equilibrium
Chapter 5 Price Ceilings and Floors
 
Part II Economic Growth
Chapter 6 GDP and the Measurement of Progress
Chapter 7 The Wealth of Nations and Economic Growth
Chapter 8 Growth, Capital Accumulation, and the Economics of Ideas: Catching  Up vs. the Cutting Edge
Chapter 9 Saving, Investment, and the Financial System
Chapter 10 Stock Markets and Personal Finance
 
Part III Business Fluctuations
Chapter 11 Unemployment and Labor Force Participation
Chapter 12 Inflation and the Quantity Theory of Money
Chapter 13 Business Fluctuations: Aggregate Demand and Supply
Chapter 14 Transmission and Amplification Mechanisms

Part IV Macroeconomic Policy and Institution
Chapter 15 The Federal Reserve System and Open Market Operations
Chapter 16 Monetary Policy
Chapter 17 The Federal Budget: Taxes and Spending
Chapter 18 Fiscal Policy
 
Part IV International Economics
Chapter 19 International Trade
Chapter 20 International Finance
Chapter 21 Political Economy and Public Choice

Authors

Tyler Cowen

Tyler Cowen is Holbert C. Harris Professor of Economics at George Mason University. His latest book is Big Business. With Alex Tabarrok he co-writes the Marginal Revolution blog, often ranked as the #1 economics blog. He is also the author of Discover Your Inner Economist (Dutton, 2007) and numerous other books on economics. He writes regularly for the popular press on economics, including for The New York Times, The Washington Post, Forbes, and The Wilson Quarterly.  University web page: http://economics.gmu.edu/faculty/tcowen.html WATCH: Tyler Cowen at the Economic Bloggers Forum.


Alex Tabarrok

Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His recent research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of the books, Entrepreneurial Economics: Bright Ideas from the Dismal Science; The Voluntary City: Choice, Community, and Civil Society; and Changing the Guard: Private Prisons and The Control of Crime. His papers have appeared in the Journal of Law and Economics, Public Choice, Economic Inquiry, Journal of Health Economics, Journal of Theoretical Politics, The American Law and Economics Review, Kyklos and many other journals. His popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.


Teach the Principles of Macroeconomics, teach the World, and help students ACHIEVE.

From the authors of the popular blog, The Marginal Revolution, Modern Principles of Macroeconomics focuses on modern content and modern delivery, teaching economics in a way that makes it more memorable for you.

E-book

Read online (or offline) with all the highlighting and notetaking tools you need to be successful in this course.

Learn More

Achieve

Achieve is a single, easy-to-use platform proven to engage students for better course outcomes

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Table of Contents

Preface
Chapter 1 The Big Ideas
Chapter 2  The Power of Trade and Comparative Advantage
 
Part I Supply and Demand
Chapter 3 Supply and Demand
Chapter 4 Equilibrium
Chapter 5 Price Ceilings and Floors
 
Part II Economic Growth
Chapter 6 GDP and the Measurement of Progress
Chapter 7 The Wealth of Nations and Economic Growth
Chapter 8 Growth, Capital Accumulation, and the Economics of Ideas: Catching  Up vs. the Cutting Edge
Chapter 9 Saving, Investment, and the Financial System
Chapter 10 Stock Markets and Personal Finance
 
Part III Business Fluctuations
Chapter 11 Unemployment and Labor Force Participation
Chapter 12 Inflation and the Quantity Theory of Money
Chapter 13 Business Fluctuations: Aggregate Demand and Supply
Chapter 14 Transmission and Amplification Mechanisms

Part IV Macroeconomic Policy and Institution
Chapter 15 The Federal Reserve System and Open Market Operations
Chapter 16 Monetary Policy
Chapter 17 The Federal Budget: Taxes and Spending
Chapter 18 Fiscal Policy
 
Part IV International Economics
Chapter 19 International Trade
Chapter 20 International Finance
Chapter 21 Political Economy and Public Choice

Headshot of Tyler Cowen

Tyler Cowen

Tyler Cowen is Holbert C. Harris Professor of Economics at George Mason University. His latest book is Big Business. With Alex Tabarrok he co-writes the Marginal Revolution blog, often ranked as the #1 economics blog. He is also the author of Discover Your Inner Economist (Dutton, 2007) and numerous other books on economics. He writes regularly for the popular press on economics, including for The New York Times, The Washington Post, Forbes, and The Wilson Quarterly.  University web page: http://economics.gmu.edu/faculty/tcowen.html WATCH: Tyler Cowen at the Economic Bloggers Forum.


Headshot of Alex Tabarrok

Alex Tabarrok

Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His recent research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of the books, Entrepreneurial Economics: Bright Ideas from the Dismal Science; The Voluntary City: Choice, Community, and Civil Society; and Changing the Guard: Private Prisons and The Control of Crime. His papers have appeared in the Journal of Law and Economics, Public Choice, Economic Inquiry, Journal of Health Economics, Journal of Theoretical Politics, The American Law and Economics Review, Kyklos and many other journals. His popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.


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