Macroeconomics, 10th edition

Published by Pearson (September 15, 2020) © 2020

  • Andrew B. Abel Wharton School of the University of Pennsylvania
  • Ben S. Bernanke Woodrow Wilson School, Princeton University , Brookings Institution
  • Dean Croushore University of Richmond

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ISBN-13: 9780135634974
Macroeconomics
Published 2020

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ISBN-13: 9780134896441
Macroeconomics
Published 2019

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ISBN-13: 9780135160541
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Macroeconomics presents macroeconomic theory in a big-picture way. The text focuses on a single model, providing you with a clear understanding of macroeconomics and its classical and Keynesian assumptions. You’ll also analyze real economic data used by policy makers and researchers in the field.

The 10th Edition features new applications and problems throughout. It also reflects recent events and developments in the economy, such as the recent crisis in the US and Europe and the many new tools used by the Federal Reserve in response.

PART 1: INTRODUCTION

  1. Introduction to Macroeconomics
  2. The Measurement and Structure of the National Economy

PART 2: LONG-RUN ECONOMIC PERFORMANCE

  1. Productivity, Output, and Employment
  2. Consumption, Saving, and Investment
  3. Saving and Investment in the Open Economy
  4. Long-Run Economic Growth
  5. The Asset Market, Money, and Prices

PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY

  1. Business Cycles
  2. The IS–LM/AD–AS Model: A General Framework for Macroeconomic Analysis
  3. Classical Business Cycle Analysis: Market-Clearing Macroeconomics
  4. Keynesianism: The Macroeconomics of Wage and Price Rigidity

PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS

  1. Unemployment and Inflation
  2. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
  3. Monetary Policy and the Federal Reserve System
  4. Government Spending and Its Financing

Appendix A: Some Useful Analytical Tools

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