Macroeconomics / Edition 10

Macroeconomics / Edition 10

by Robert Gordon
     
 

ISBN-10: 0321278801

ISBN-13: 9780321278807

Pub. Date: 07/14/2005

Publisher: Pearson

Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor. Gordon makes extensive use of data, international examples, and case studies throughout, and the Eleventh Edition incorporates critical developments in the field. New topics…  See more details below

Overview

Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor. Gordon makes extensive use of data, international examples, and case studies throughout, and the Eleventh Edition incorporates critical developments in the field. New topics include the housing bubble and the role of housing wealth, the economic progress of China, recent discussions of growth theory, and the effect of oil prices on the economy.

Introduction and Measurement: What Is Macroeconomics?; The Measurement of Income, Prices, and Unemployment. Income, Interest Rates, Policy, and the Open Economy: Spending, Income, and Interest Rates; Monetary and Fiscal Policy in the IS-LM Model; National Saving, the Government Budget, Foreign Borrowing, and the Twin Deficits; International Trade, Exchange Rates, and Macroeconomic Policy. Aggregate Demand, Aggregate Supply, Unemployment and Inflation: Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy; Inflation: Its Causes and Cures; The Goals of Stabilization Policy: Low Inflation and Low Unemployment. Macroeconomics in the Long Run: Growth and Public Finance: The Theory of Economic Growth; The Big Questions of Economic Growth; The Government Budget, the Public Debt, and Social Security. Stabilization Policy in an Open Economy: Money and Financial Markets; Stabilization Policy in the Closed and Open Economy. Stability and Instability in the Private Economy: The Economics of Consumption Behavior; The Economics of Investment Behavior. Debates at the Macroeconomic Frontier: New Classical Macro Confronts New Keynesian Macro; Conclusion: Where We Stand.

For all readers interested in macroeconomics.

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Product Details

ISBN-13:
9780321278807
Publisher:
Pearson
Publication date:
07/14/2005
Series:
Addison-Wesley Series in Economics
Edition description:
Older Edition
Pages:
672
Product dimensions:
7.90(w) x 10.10(h) x 1.20(d)

Table of Contents

To the Instructor
To the Student
Pt. 1Introduction and Measurement1
Ch. 1What Is Macroeconomics?3
Ch. 2The Measurement of Income, Prices, and Unemployment28
Pt. 2Income, Interest Rates, Policy, and the Global Economy63
Ch. 3The Simple Keynesian Theory of Income Determination65
Ch. 4The IS-LM Model93
Ch. 5Monetary Policy, Fiscal Policy, and the Government Budget123
Ch. 6International Trade, Exchange Rates, and Macroeconomic Policy154
Pt. 3Aggregate Demand, Aggregate Supply, and Inflation191
Ch. 7Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy193
Ch. 8Inflation: Its Causes and Cures226
Pt. 4Macroeconomics in the Long Run: Growth and the Public Debt269
Ch. 9The Theory of Economic Growth271
Ch. 10Explanations of Slow Growth in Productivity and Real Wages302
Ch. 11The Government Budget and the Public Debt333
Pt. 5Stabilization Policy in an Open Economy359
Ch. 12The Goals of Stabilization Policy: Low Inflation and Low Unemployment361
Ch. 13Money and the Financial Markets402
Ch. 14The Conduct of Stabilization Policy436
Pt. 6Sources of Instability in the Private Economy473
Ch. 15Instability in the Private Economy: Consumption Behavior475
Ch. 16Instability in the Private Economy: Investment503
Pt. 7Debates at the Macroeconomic Frontier531
Ch. 17New Classical Macro Confronts New Keynesian Macro533
Ch. 18Conclusion: Where We Stand566
App. ATime Series Data for the U.S. Economy: 1875-1997A1
App. BInternational Annual Time Series Data for Selected Countries: 1960-97A7
App. CData Sources and MethodsA13
GlossaryG1
IndexI1

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