Principles of Macroeconomics, Global Edition, 13th edition

Published by Pearson (30 June 2024) © 2024

  • Karl E. Case Wellesley College
  • Ray C. Fair Yale University
  • Sharon E. Oster Yale University
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Title overview

For one-semester courses in the principles of macroeconomics.

An introduction to the functioning of the economy and the power and breadth of economics

Readers of Principles of Macroeconomics, 13th Edition, Global Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

Table of contents

PART I: INTRODUCTION TO ECONOMICS

  1. 1. The Scope and Method of Economics
  2. 2. The Economic Problem: Scarcity and Choice
  3. 3. Demand, Supply, and Market Equilibrium
  4. 4. Demand and Supply Applications

PART II: CONCEPTS AND PROBLEMS IN MACROECONOMICS

  1. 5. Introduction to Macroeconomics
  2. 6. Measuring National Output and National Income
  3. 7. Unemployment, Inflation, and Long-Run Growth

PART III: THE CORE OF MACROECONOMIC THEORY

  1. 8. Aggregate Expenditure and Equilibrium Output
  2. 9. The Government and Fiscal Policy
  3. 10. Money, the Federal Reserve, and the Interest Rate
  4. 11. The Determination of Aggregate Output, the Price Level, and the Interest Rate
  5. 12. Policy Effects and Cost Shocks in the AS/AD Model
  6. 13. The Labor Market in the Macroeconomy

PART IV: FURTHER MACROECONOMICS ISSUES

  1. 14. Financial Crises, Stabilization, and Deficits
  2. 15. Household and Firm Behavior in the Macroeconomy: A Further Look16. Long-Run Growth
  3. 17. Alternative Views in Macroeconomics

PART V: THE WORLD ECONOMY

  1. 18. International Trade, Comparative Advantage, and Protectionism
  2. 19. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
  3. 20. Economic Growth in Developing Economies

PART VI: METHODOLOGY

  1. 21. Critical Thinking about Research

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