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Principles of Macroeconomics / Edition 1

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Overview

Taylor's clear exposition and engaging, well-chosen examples complemented by a unique graphical treatment help clarify abstract economic concepts and encourage students to develop an economic way of thinking. The numerous graphs, including Taylor's trademark Conversation Boxes, provide a visual, step-by-step demonstration of the economic models and theories under discussion.

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Editorial Reviews

From the Publisher
"I chose the Principles of Economics by Taylor/Weerapana because I liked the "Clarity of writing. It is a good, solid book with clear explanations."

"Some reasons I chose Principles of Economics by Taylor/Weerapana is "The organization, coverage, level of difficulty. Clarity of presentation, end of chapter exercises, pedagogy/approach, discussion of pertinent current economic issues, global coverage/scope."

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Product Details

  • ISBN-13: 9780395660317
  • Publisher: CENGAGE Learning
  • Publication date: 3/1/1995
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 480

Meet the Author

John B. Taylor, a highly regarded and widely honored figure, has earned numerous awards for both teaching and leadership in International Finance. Dr. Taylor is currently the Raymond Professor of Economics at Stanford University, where he has received the Hoagland Prize for excellence in undergraduate teaching and Rhodes Prize for teaching introductory economics. Dr. Taylor was founding Director of the innovative Stanford Introductory Economics Center and has served as Director of the Stanford Institute for Economic Policy Research. Since 1976, Dr. Taylor has worked in numerous government economic advisory roles. From 2001 to 2005, Dr. Taylor served as Undersecretary of Treasury for International Affairs, where he developed and implemented U.S. international financial policy, including currencies; trade in financial services; foreign investment, international debt; and reform of the International Monetary Fund, the World Bank, and other international financial institutions. Dr. Taylor was awarded the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. He was awarded the Treasury Distinguished Service Award for designing and implementing the financial reconstruction plan in Iraq and was awarded the Alexander Hamilton Award for his leadership in international finance. His accomplishments include helping to assemble an international coalition to freeze terrorist assets, expediting Afghanistan's economic reconstruction, creating a new currency and central bank in Iraq, forging an international agreement to reduce Iraq's debt by 80 percent, and creating a new economic engagement with Broader Middle East and North African countries. Taylor received his B.A. in Economics summa cum laude from Princeton University and Ph.D. in Economics from Stanford University.

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Table of Contents

I. Introduction to Economics 1. The Central Idea 2. Observing and Explaining the Economy 2A. Appendix: Reading, Understanding, and Creating Graphs 3. The Supply and Demand Model 4. Elasticity and Its Uses II. Principles of Macroeconomics 5. Macroeconomics: The Big Picture 5A. Appendix: The Miracle of Compound Growth 6. Measuring the Production, Income, and Spending of Nations 7. The Spending Allocation Model 8. Unemployment and Employment 9. Productivity and Economic Growth 9A. Appendix: Deriving the Growth Accounting Formula 10. Money and Inflation III. Economic Fluctuations and Macroeconomic Policy 11. The Nature and Causes of Economic Fluctuations 11A. Appendix: Deriving the Formula for the Keynesian Multiplier and the Forward-Looking Consumption Model 12. The Economic Fluctuations Model 13. Using the Economic Fluctuations Model 14. Fiscal Policy 15. Monetary Policy 16. Financial Markets IV. Trade and Global Markets 17. Economic Growth Around the World 18. The Gains from International Trade 19. International Trade Policy 20. Transition Economies

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