Macroeconomics: Study Guide / Edition 5

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Overview

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of unfolds: the real vs. nominal distinction,the role of the interest rate in linking the real economy to the financial sector,how that linkage allows monetary policy to operate,and the role of the trade deficit. The fourth edition expands the chapter on financial intermediaries and markets - one that is popular with students,introduces indexed bonds into the discussion of interest rates,adds charts putting the recent bull market in historical context,and the chapter on the federal budget is completely revamped to reflect the emergence of a surplus. Additional exercises help reinforce concepts.
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Editorial Reviews

Booknews
A standard macroeconomics text, revised to change the balance of the coverage of national income accounting, giving greater prominence to a discussion of the validity of the GDP as a measure of economic well- being; to simplify and streamline the initial presentation of the aggregate demand-aggregate supply model; and to give enhanced prominence to the role of financial deregulation in the macroeconomy. The coverage of economies in transition provides a framework for understanding events in Eastern Europe, the former Soviet Union, and China as these countries change their economic systems and open their markets to international influences. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780201637878
  • Publisher: Benjamin-Cummings Publishing Company
  • Publication date: 7/28/1999
  • Edition description: Older Edition
  • Edition number: 5
  • Pages: 335

Table of Contents

Pt. 1 Introduction 1
Ch. 1 What Is Economics? 5
Ch. 2 Making and Using Graphs 27
Ch. 3 Production, Specialization, and Exchange 49
Ch. 4 Demand and Supply 71
Pt. 2 How Markets Work 97
Ch. 5 Elasticity 101
Ch. 6 Markets in Action 124
Pt. 3 Households' Choices 152
Ch. 7 Utility and Demand 156
Ch. 8 Possibilities, Preferences, and Choices 178
Pt. 4 Firms' Choices 203
Ch. 9 Organizing Production 207
Ch. 10 Output and Costs 231
Pt. 5 Markets for Goods and Services 274
Ch. 11 Competition 278
Ch. 12 Monopoly 312
Ch. 13 Monopolistic Competition and Oligopoly 340
Pt. 6 Markets for Factors of Production 327
Ch. 14 Pricing and Allocating Factors of Production 376
Ch. 15 Labor Markets 406
Ch. 16 Capital and Natural Resource Markets 427
Pt. 7 Markets, Uncertainty, and Distribution 454
Ch. 17 Uncertainty and Information 458
Ch. 18 The Distribution of Income and Wealth 484
Pt. 8 Markets and Government 512
Ch. 19 Market Failure 516
Ch. 20 Public Choice 536
Ch. 21 Regulation and Antitrust Law 557
Pt. 9 International Economics 577
Ch. 22 Trading with the World 581
Ch. 23 Economic Systems in Transition 608
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