Macroeconomics / Edition 7

Macroeconomics / Edition 7

by Robert J. Gordon
     
 

This undergraduate textbook introduces the IS-LM model of economic equilibrium and the SP-DG inflation model, then describes the macroeconomic theories of business cycles, monetary and fiscal policy, inflation, savings, and investment. The ninth edition adds a chapter on economic growth theories and new material on current events. Annotation (c)2003 Book News, Inc.,… See more details below

Overview

This undergraduate textbook introduces the IS-LM model of economic equilibrium and the SP-DG inflation model, then describes the macroeconomic theories of business cycles, monetary and fiscal policy, inflation, savings, and investment. The ninth edition adds a chapter on economic growth theories and new material on current events. Annotation (c)2003 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9780321046789
Publisher:
Pearson
Publication date:
01/28/1998
Edition description:
Older Edition

Meet the Author

Robert J. Gordon is Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He holds a bachelor’s degree from Harvard University, after which he attended Oxford University in England on a Marshall Scholarship. He received his PhD from the Massachusetts Institute of Technology. He taught at Harvard and the University of Chicago before moving to Northwestern in 1973, where he has taught for more than thirty years and where he was the chair of the Department of Economics from 1992 to 1996.

Professor Gordon is one of the world’s leading experts on inflation, unemployment, and productivity growth. His recent research includes work on the rise and fall of the New Economy, the U.S. productivity growth revival, and the recent stalling of European productivity growth. He is the author of several books, more than 100 scholarly articles, and more than 60 published comments on the research of others.

He is a research associate at the National Bureau of Economic Research (NBER), a research fellow of the Centre for Economic Policy Research in London, a Guggenheim Fellow, a fellow of the American Academy of Arts and Sciences, and a fellow of the Econometric Society.

Read More

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

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >