Macroeconomics, Pearson New International Edition, 8th edition

Published by Pearson (1 November 2013) © 2014

  • Arthur O'Sullivan Oregon State University
  • Stephen Perez California State University, Sacramento
  • Steven Sheffrin Tulane University
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Title overview

For Principles of Macroeconomics courses.

Questions that drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension.

Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O'Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.

Table of contents

I Introduction and Key Principles

  1. 1 Introduction: What Is Economics?
  2. 2 The Key Principles of Economics
  3. 3 Exchange and Markets
  4. 4 Demand, Supply, and Market Equilibrium

II The Basic Concepts in Macroeconomics

  1. 5 Measuring a Nation’s Production and Income
  2. 6 Unemployment and Inflation

III The Economy in the Long Run

  1. 7 The Economy at Full Employment
  2. 8 Why Do Economies Grow?

IV Economic Fluctuations and Fiscal Policy

  1. 9 Aggregate Demand and Aggregate Supply
  2. 10 Fiscal Policy
  3. 11 The Income-­Expenditure Model
  4. 12 Investment and Financial Markets

V Money, Banking, and Monetary Policy

  1. 13 Money and the Banking System
  2. 14 The Federal Reserve and Monetary Policy

VI Inflation, Unemployment, and Economic Policy

  1. 15 Modern Macroeconomics: From the Short Run to the Long Run
  2. 16 The Dynamics of Inflation and Unemployment
  3. 17 Macroeconomic Policy Debates

VII The International Economy

  1. 18 International Trade and Public Policy
  2. 19 The World of International Finance

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