Principles of Macroeconomics
Free

Principles of Macroeconomics

By [Author removed at request of original publisher]
Free
Book Description

The goal of this textbook is to help students understand how real individuals actually work with economics. In this textbook, the authors illustrate the practicality and relevance of economics with a variety of new illustrations and insights.

https://doi.org/10.24926/8668.1701
ISBN: 978-1-946135-17-9

Table of Contents
  • Cover
  • Title Page
  • Copyright
  • Table Of Contents
  • Publisher Information
  • About the Authors
  • Acknowledgments
  • Preface
  • Chapter 1: Economics: The Study of Choice
    • 1.1 Defining Economics
    • 1.2 The Field of Economics
    • 1.3 The Economists’ Tool Kit
    • 1.4 Review and Practice
  • Chapter 2: Confronting Scarcity: Choices in Production
    • 2.1 Factors of Production
    • 2.2 The Production Possibilities Curve
    • 2.3 Applications of the Production Possibilities Model
    • 2.4 Review and Practice
  • Chapter 3: Demand and Supply
    • 3.1 Demand
    • 3.2 Supply
    • 3.3 Demand, Supply, and Equilibrium
    • 3.4 Review and Practice
  • Chapter 4: Applications of Demand and Supply
    • 4.1 Putting Demand and Supply to Work
    • 4.2 Government Intervention in Market Prices: Price Floors and Price Ceilings
    • 4.3 The Market for Health-Care Services
    • 4.4 Review and Practice
  • Chapter 5: Macroeconomics: The Big Picture
    • 5.1 Growth of Real GDP and Business Cycles
    • 5.2 Price-Level Changes
    • 5.3 Unemployment
    • 5.4 Review and Practice
  • Chapter 6: Measuring Total Output and Income
    • 6.1 Measuring Total Output
    • 6.2 Measuring Total Income
    • 6.3 GDP and Economic Well-Being
    • 6.4 Review and Practice
  • Chapter 7: Aggregate Demand and Aggregate Supply
    • 7.1 Aggregate Demand
    • 7.2 Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
    • 7.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
    • 7.4 Review and Practice
  • Chapter 8: Economic Growth
    • 8.1 The Significance of Economic Growth
    • 8.2 Growth and the Long-Run Aggregate Supply Curve
    • 8.3 Determinants of Economic Growth
    • 8.4 Review and Practice
  • Chapter 9: The Nature and Creation of Money
    • 9.1 What Is Money?
    • 9.2 The Banking System and Money Creation
    • 9.3 The Federal Reserve System
    • 9.4 Review and Practice
  • Chapter 10: Financial Markets and the Economy
    • 10.1 The Bond and Foreign Exchange Markets
    • 10.2 Demand, Supply, and Equilibrium in the Money Market
    • 10.3 Review and Practice
  • Chapter 11: Monetary Policy and the Fed
    • 11.1 Monetary Policy in the United States
    • 11.2 Problems and Controversies of Monetary Policy
    • 11.3 Monetary Policy and the Equation of Exchange
    • 11.4 Review and Practice
  • Chapter 12: Government and Fiscal Policy
    • 12.1 Government and the Economy
    • 12.2 The Use of Fiscal Policy to Stabilize the Economy
    • 12.3 Issues in Fiscal Policy
    • 12.4 Review and Practice
  • Chapter 13: Consumptions and the Aggregate Expenditures Model
    • 13.1 Determining the Level of Consumption
    • 13.2 The Aggregate Expenditures Model
    • 13.3 Aggregate Expenditures and Aggregate Demand
    • 13.4 Review and Practice
  • Chapter 14: Investment and Economic Activity
    • 14.1 The Role and Nature of Investment
    • 14.2 Determinants of Investment
    • 14.3 Investment and the Economy
    • 14.4 Review and Practice
  • Chapter 15: Net Exports and International Finance
    • 15.1 The International Sector: An Introduction
    • 15.2 International Finance
    • 15.3 Exchange Rate Systems
    • 15.4 Review and Practice
  • Chapter 16: Inflation and Unemployment
    • 16.1 Relating Inflation and Unemployment
    • 16.2 Explaining Inflation–Unemployment Relationships
    • 16.3 Inflation and Unemployment in the Long Run
    • 16.4 Review and Practice
  • Chapter 17: A Brief History of Macroeconomic Thought and Policy
    • 17.1 The Great Depression and Keynesian Economics
    • 17.2 Keynesian Economics in the 1960s and 1970s
    • 17.3 Macroeconomics for the 21st Century
    • 17.4 Review and Practice
  • Chapter 18: Inequality, Poverty, and Discrimination
    • 18.1 Income Inequality
    • 18.2 The Economics of Poverty
    • 18.3 The Economics of Discrimination
    • 18.4 Review and Practice
  • Chapter 19: Economic Development
    • 19.1 The Nature and Challenge of Economic Development
    • 19.2 Population Growth and Economic Development
    • 19.3 Keys to Economic Development
    • 19.4 Review and Practice
  • Chapter 20: Socialist Economies in Transition
    • 20.1 The Theory and Practice of Socialism
    • 20.2 Socialist Systems in Action
    • 20.3 Economies in Transition: China and Russia
    • 20.4 Review and Practice
  • Appendix A: Graphs in Economics
    • Nonlinear Relationships and Graphs without Numbers
    • Using Graphs and Charts to Show Values of Variables
    • How to Construct and Interpret Graphs
  • Appendix B: Extensions of the Aggregate Expenditures Model
    • The Algebra of Equilibrium
    • The Aggregate Expenditures Model and Fiscal Policy
    • Review and Practice
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