Macroeconomics: Principles and Applications (with InfoTrac) / Edition 3

Macroeconomics: Principles and Applications (with InfoTrac) / Edition 3

by Robert E. Hall, Marc Lieberman
     
 

Departing from the encyclopedic nature of most Principles texts, which encourages students to simply memorize concepts and see economics as a collection of unrelated terms, formulas, graphs, and theories, this text provides students with a picture of economics as a unified discipline; a set of interrelated tools and ideas that can be used to look at the world in a

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Overview

Departing from the encyclopedic nature of most Principles texts, which encourages students to simply memorize concepts and see economics as a collection of unrelated terms, formulas, graphs, and theories, this text provides students with a picture of economics as a unified discipline; a set of interrelated tools and ideas that can be used to look at the world in a different way. This book's concise, less is more approach has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. It uniquely employs a simple methodology throughout to emulate how economists look at problems, and teaches students how to use this same analytical process in developing their own economic analysis skills. Hall/Lieberman's careful focus on core theoretical ideas as well as systematically applying the theoretical tools to interesting real-world questions conveys the message that economics is an integrated, powerful body of knowledge that can be used to address important issues.

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Product Details

ISBN-13:
9780324260397
Publisher:
Cengage Learning
Publication date:
01/07/2004
Edition description:
Older Edition
Pages:
496
Product dimensions:
8.50(w) x 10.00(h) x (d)

Meet the Author

Robert E. Hall is a prominent applied economist. He is the Robert and Carole McNeil Joint Professor of Economics at Stanford University and Senior Fellow at Stanford's Hoover Institution, where he conducts research on inflation, unemployment, taxation, monetary policy, and the economics of high technology. He received his Ph.D. from MIT and has taught there as well as at the University of California, Berkeley. He is the President of the American Economic Association for the year 2010. He is also director of the research program on Economic Fluctuations of the National Bureau of Economic Research, and Chairman of the Bureau's Committee on Business Cycle Dating, which maintains the chronology of the U.S. business cycle. He has published numerous monographs and articles in scholarly journals, and coauthored a popular intermediate text. Hall has advised the Treasury Department and the Federal Reserve Board on national economic policy, and has testified on numerous occasions before congressional committees.

Marc Lieberman is Clinical Professor of Economics at New York University. He received his Ph.D. from Princeton University. Lieberman has presented his extremely popular Principles of Economics course at Harvard, Vassar, the University of California at Santa Cruz, and the University of Hawaii, as well as at NYU. He has twice won NYU's Golden Dozen teaching award, and also the Economics Society Award for Excellence in Teaching. He is coeditor and contributor to The Road to Capitalism: Economic Transformation in Eastern Europe and the Former Soviet Union. Lieberman has consulted for the Bank of America and the Educational Testing Service. In his spare time, he is a professionalscreenwriter, and teaches screenwriting at NYU's School of Continuing and Professional Studies.

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Table of Contents

PART I. PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. PART II. MACROECONOMICS: BASIC CONCEPTS. 4. What Macroeconomics Tries to Explain. 5. Production, Income, and Employment. 6. The Monetary System, Prices, and Inflation. PART III. LONG-RUN MACROECONOMICS. 7. The Classical Long-Run Model. 8. Economic Growth and Rising Living Standards. PART IV. SHORT-RUN MACROECONOMICS. 9. Economic Fluctuations. 10. The Short-Run Macro Model. PART V. MONEY, PRICES, AND THE MACROECONOMY. 11. The Banking System. 12. The Money Market and the Interest Rate. 13. Aggregate Demand and Aggregate Supply. PART VI. MACROECONOMIC POLICY. 14. INFLATION AND MONETARY POLICY. 15. Fiscal Policy: Taxes, Spending, and the Federal Budget. 16. Exchange Rates and Macroeconomic Policy. 17. Comparative Advantage and the Gains from International Trade. USING ALL THE THEORY: The Stock Market and the Macroeconomy.

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