Macroeconomics with Infotrac / Edition 7

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Overview

Offering a unique blend of solid theoretical content and student accessibility, this text: 1) covers all the basics of macroeconomics, 2) gives students a clear idea of how economists think about the world, 3) stresses the key concepts in economics, and 4) is extremely rich in intriguing applications that convey the prevalence of economics in everyday life. Many principles instructors are constantly challenged with the goal of getting students excited about realization that economics is everywhere! Arnold has taken this to another level. He is so passionate about touching his students that he felt the need to write a Macroeconomics text that is dedicated to opening the science of economics through the pictures and applications of our lives. Arnold is considered the most innovative author in this market to meet the fast pace interests of both instructors and students. His five themes of Theory and Model building, Key Concepts, Primary and Secondary Consequences, Real-World Applications, and the idea that Economics is about gifts, exchanges, and transfers, set the tone for a teaching text that is extremely approachable by instructors and students.
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Product Details

  • ISBN-13: 9780324236675
  • Publisher: Cengage South-Western
  • Publication date: 1/28/2005
  • Edition description: Older Edition
  • Edition number: 7
  • Pages: 504
  • Product dimensions: 8.40 (w) x 9.90 (h) x 0.60 (d)

Meet the Author

Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is regularly featured on talk radio to discuss the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular Economics In Our Times textbook and principles of economics supplementary text How to Think Like an Economist. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.

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Table of Contents

An Introduction to Economics
Part 1 Economics: The Science of Scarcity
Chapter 1 What Economics Is About 1
Appendix A Working with Diagrams 22
Chapter 2 Trade, Tradeoffs, and Economic Systems 31
Chapter 3 Supply, Demand, and Price: The Theory 56
Chapter 4 Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior 87
Macroeconomics
Part 2 Macroeconomic Fundamentals
Chapter 5 Macroeconomic Measurements, Part I: Prices and Unemployment 113
Chapter 6 Macroeconomic Measurements, Part II: GDP and Real GDP 136
Part 3 Macroeconomic Stability, Instability, and Fiscal Policy
Chapter 7 Aggregate Demand and Aggregate Supply 159
Chapter 8 The Self-Regulating Economy 189
Chapter 9 Economic Instability: A Critique of the Self-Regulating Economy 207
Chapter 10 Fiscal Policy 232
Chapter 11 Taxes, Deficits, Surpluses, and the Public Debt 255
Part 4 Money, the Economy, and Monetary Policy
Chapter 12 Money and Banking 274
Chapter 13 The Federal Reserve System 294
Chapter 14 Money and the Economy 312
Chapter 15 Monetary Policy 340
Part 5 Expectations and Growth
Chapter 16 Expectations Theory and the Economy 363
Chapter 17 Economic Growth: Resources, Technology, and Ideas 384
The World Economy
Part 6 International Economics: Theory and Policy
Chapter 18 International Trade 401
Chapter 19 International Finance 420
Chapter 20 International Economic Development 452
Self-Test Appendix 465
Glossary 483
Index 491
Photo Credits 501
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