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For courses in the principles of macroeconomics.
An evidence-based approach to economics
Throughout Macroeconomics, 3rd Edition, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them. Taking a fresh approach, they use the themes of optimization, equilibrium, and empiricism to not only illustrate the power of simple economic ideas, but also to explain and predict what’s happening in today’s society. Each chapter begins with an empirical question that is relevant to the life of a student, and is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students learn to apply economic principles to guide the decisions they make in their own daily lives.
Table of contents
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Doing the Best You Can
4. Demand, Supply, and Equilibrium
5. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
6. Aggregate Incomes
7. Economic Growth
8. Why Isn’t the Whole World Developed?
9. Employment and Unemployment
10. Credit Markets
11. The Monetary System
12. Short-Run Fluctuations
13. Countercyclical Macroeconomic Policy
14. Macroeconomics and International Trade
15. Open Economy Macroeconomics
Published by Pearson (June 1st 2021) - Copyright © 2022