Foundations of Macroeconomics, Global Edition, 8th edition

Published by Pearson (June 21, 2018) © 2018

  • Robin Bade University of Western Ontario
  • Michael Parkin Emeritus of University of Western Ontario
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For courses in principles of macroeconomics

Foundations of Macroeconomics, 8th Edition introduces students to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts.

The text does four core things to help students grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, students will have the foundational knowledge of how the economy works and can apply it to their lives going forward.

  • PART 1: INTRODUCTION
  • 1. Getting Started
  • 2. The U.S. and Global Economies
  • 3. The Economic Problem
  • 4. Demand and Supply
  • PART 2: MONITORING THE MACROECONOMY
  • 5. GDP: A Measure of Total Production Income
  • 6. Jobs and Unemployment
  • 7. The CPI and the Cost of Living
  • PART 3: THE REAL ECONOMY
  • 8. Potential GDP and the Natural Unemployment Rate
  • 9. Economic Growth
  • 10. Finance, Saving, and Investment
  • PART 4: THE MONEY ECONOMY
  • 11. The Monetary System
  • 12. Money, Interest, and Inflation
  • PART 5: ECONOMIC FLUCTUATIONS
  • 13. Aggregate Supply and Aggregate Demand
  • 14. Aggregate Expenditure Multiplier
  • 15. The Short-Run Policy Tradeoff
  • PART 6: PRICES, PROFITS, AND INDUSTRY PERFORAMANCE
  • 16. Fiscal Policy
  • 17. Monetary Policy
  • 18. International Trade Policy
  • 19. International Finance

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