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Acclaimed economists Hall and Lieberman have made the latest edition of MACROECONOMICS: PRINCIPLES AND APPLICATIONS as current as the headlines. Since real-world policy issues, decisions, and applications impact you on an everyday basis, Hall and Lieberman use these true, cutting-edge examples to illustrate core economic theory and application. Straightforward and easy-to-understand, this comprehensive text will equip you with a solid foundation in economics that you can build upon wherever your career path may lead. Hall and Lieberman's careful focus on important economic theories and applications, and how they relate to practical questions, effectively communicates that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues. A wealth of interactive online exercises, graphing applications, and research resources will help reinforce your understanding of economic principles.
Part I Preliminaries. 1 What Is Economics? 2 Scarcity, Choice, and Economic Systems. 3 Supply and Demand. 4 Working with Supply and Demand. Part II Macroeconomics: Basic Concepts. 5 What Macroeconomics Tries to Explain. 6 Production, Income, and Employment. 7 The Price Level and Inflation. Part III Long-Run Macroeconomics. 8 The Classical Long-Run Model. 9 Economic Growth and Rising Living Standards. Part IV The Short-Run Model and Fiscal Policy. 10 Economic Fluctuations. 11 The Short-Run Macro Model. 12 Fiscal Policy. Part V Expanding the Model: Money, Prices and the Global Economy. 13 Money, Banks, and the Federal Reserve. 14 The Money Market and Monetary Policy. 15 Aggregate Demand and Aggregate Supply. 16 Inflation and Monetary Policy. 17 Exchange Rates and Macroeconomic Policy.
Posted July 31, 2011
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