Macroeconomics: Principles and Policy, 2007 Update / Edition 10

Macroeconomics: Principles and Policy, 2007 Update / Edition 10

by William J. Baumol, Alan S. Blinder
     
 

ISBN-10: 0324537034

ISBN-13: 9780324537031

Pub. Date: 06/29/2007

Publisher: Cengage Learning

This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more accessible for the students. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning

Overview

This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more accessible for the students. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application allowing students to relate the materials to their every day lives. In addition, a well respected study guide, ThomsonNOW, and student website are available at study aides.

Product Details

ISBN-13:
9780324537031
Publisher:
Cengage Learning
Publication date:
06/29/2007
Edition description:
Updated
Pages:
440
Product dimensions:
8.45(w) x 10.82(h) x 0.55(d)

Table of Contents

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

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