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Macroeconomics: Principles and Policy / Edition 12

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Overview

Master the principles of economics, and gain an understanding of current economic situations with the solid introduction and policy-based examples and applications found in MACROECONOMICS: PRINCIPLES AND POLICY, 13E. Written by two of the most respected economists in the world, this edition provides significant updates that reflect the latest economic situations and timely economic data. The authors combine the right level of rigor and detail to clarify even the most complicated concepts. Well-developed examples, intriguing puzzles and meaningful economic issues provide a good balance of theory to application.

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Editorial Reviews

From the Publisher
"The text is very strong as is. It addresses topics at just the right level of depth/complexity for my students."

"I continue to enjoy using the Baumol and Blinder text. My students find it clear, relevant and accessible."

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Product Details

  • ISBN-13: 9780538453653
  • Publisher: Cengage Learning
  • Publication date: 6/14/2011
  • Edition description: New Edition
  • Edition number: 12
  • Pages: 472
  • Sales rank: 124,428
  • Product dimensions: 8.40 (w) x 10.80 (h) x 1.00 (d)

Meet the Author

William J. Baumol received his B.S.S. at the College of the City of New York and his Ph.D. at the University of London. He is professor of economics at New York University and senior research economist and professor emeritus at Princeton University. He is a frequent management consultant to major firms in a wide variety of industries in the United States and other countries as well as to a number of governmental agencies. He has been president of the American Economic Association, and three other professional societies. He is an elected member of the National Academy of Sciences, created by the U.S. Congress, and a member of the American Philosophical Society, founded by Benjamin Franklin. Dr. Baumol is the author of more than 35 books as well as hundreds of journal and newspaper articles that have been translated into more than a dozen languages.

Alan S. Blinder earned his B.A. at Princeton University, his M.A. at the London School of Economics and Ph.D. at MIT. He teaches at Princeton University and is the author of the best seller, After the Music Stopped, about the financial crisis and its aftermath. Dr. Blinder served on President Clinton's first Council of Economic Advisers and then as vice chairman of the Federal Reserve Board, thereby playing a role in formulating both the fiscal and monetary policies of the 1990s. Dr. Blinder, now a regular columnist for THE WALL STREET JOURNAL, has written newspaper and magazine columns on economic policy for more than thirty years. He is a past Vice President and a Distinguished Fellow of the American Economic Association.

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Table of Contents

PART. I. GETTING ACQUAINTED WITH ECONOMICS. 1. What Is Economics? 2. The Use and Misuse of Graphs. 3. The Economy: Myth and Reality. 4. Scarcity and Choice: The Economic Problem. 5. Supply and Demand: An Initial Look. PART II. THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND. 6. The Realm of Macroeconomics. 7. The Goals of Macroeconomic Policy. 8. Income and Spending: The Powerful Consumer. 9. Demand-Side Equilibrium: Unemployment or Inflation? 10. Changes on the Demand Side: Multiplier Analysis. 11. Supply-Side Equilibrium: Unemployment and Inflation? PART III. FISCAL AND MONETARY POLICY. 12. Managing Aggregate Demand: Fiscal Policy. 13. Money and the Banking System. 14. Monetary Policy and the National Economy. 15. The Debate Over Monetary Policy. 16. Deficits, Monetary Policy, and Growth. 17. The Phillips Curve and Economic Growth. PART IV. THE UNITED STATES IN THE WORLD ECONOMY. 18. International Trade and Comparative Advantage. 19. The International Monetary System: Order or Disorder? 20. Exchange Rates and the Macroeconomy.
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