Macroeconomics, 8th edition
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Macroeconomics makes economic concepts relevant by demonstrating how today's real businesses apply them to make decisions every day. Regardless of your intended future career path -- opening an art studio, trading on Wall Street or bartending at the local pub -- you will benefit from understanding the economic forces that drive the results of your work. The text covers topics such as opportunity cost, trade-offs, scarcity, and demand and supply. These concepts are then made relevant by demonstrating how real businesses apply them to make decisions every day. With ever-changing US and world economies, the 8th Edition has been updated with the latest developments, using new real-world business and policy examples.
Published by Pearson (July 10th 2020) - Copyright © 2021
Category: Principles of Macroeconomics
Table of contents
PART 1: INTRODUCTION
1. Economics: Foundations and Models
Appendix: Using Graphs and Formulas
2. Trade-offs, Comparative Advantage, and the Market System
3. Where Prices Come From: The Interaction of Demand and Supply
4. Economic Efficiency, Government Price Setting, and Taxes
Appendix: Quantitative Demand and Supply Analysis
5. The Economics of Health Care
PART 2: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
6. Firms, the Stock Market, and Corporate Governance
Appendix: Present Value
Online Appendix: Tools to Analyze Firms' Financial Information
7. Comparative Advantage and the Gains from International Trade
PART 3: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
8. GDP: Measuring Total Production and Income
9. Unemployment and Inflation
10. Economic Growth, the Financial System, and Business Cycles
11. Long-Run Economic Growth: Sources and Policies
PART 4: SHORT-RUN FLUCTUATIONS
12. Aggregate Expenditure and Output in the Short Run
Appendix: The Algebra of Macroeconomic Equilibrium
13. Aggregate Demand and Aggregate Supply Analysis
Appendix: Macroeconomic Schools of Thought
PART 5: MONETARY AND FISCAL POLICY
14. Money, Banks, and the Federal Reserve System
15. Monetary Policy
16. Fiscal Policy
Appendix: A Closer Look at the Multiplier
17. Inflation, Unemployment, and Federal Reserve Policy
PART 6: THE INTERNATIONAL ECONOMY
18. Macroeconomics in an Open Economy
Online Appendix: The Gold Standard and the Bretton Woods System
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