Macroeconomy, The: Private Choices, Public Actions, and Aggregate Outcomes, 1st edition

  • Michael B. McElroy

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Overview

By addressing the interests, needs, and abilities of readers, this practical book prepares readers for a lifetime of macroeconomic issues that will arise in their multiple roles of consumer, business decision- maker, voter, and opinion leader. The goal of the book is to help readers reach a basic understanding of macroeconomics issues that will not evaporate soon after comprehension, but will become a part of an economic common sense to be drawn upon throughout their lives. KEY TOPICS: Reverses the traditional structure of economics books by developing a substantive analytical structure from the very start and immediately reinforcing it with applications.

Table of contents

I. MAPPING THE TERRITORY.

 1. Scarcity, Boundaries and Choices.

 2. The Classical Model of the Macroeconomy.

II. BASIC MACROECONOMIC ANALYSIS.

 3. The Keynesian Model of Aggregate Demand.

 4. Aggregate Demand and Supply.

 5. Fiscal Policy.

 6. Monetary Policy.

 7. International Trade.

III. SMOOTHING BUSINESS CYCLES AND CONTROLLING INFLATION.

 8. Macroeconomic Fluctuations.

 9. Stabilization Policy and the Phillips Curve.

10. Inflation.

11. Unemployment.

IV. LONG-RUN DYNAMICS: SAVING, INVESTMENT AND GROWTH.

12. Consumption, Saving, and Investment.

13. Capital Markets.

14. Economic Growth.

V. MODELS, MEASUREMENT, AND PERFORMANCE.

15. Models and Measurement.

16. The Macroeconomy: Choices, Policies, and Outcomes.

Appendix: National and International Macroeconomic Data.

Index.

Published by Pearson (December 13th 1995) - Copyright © 1996