Principles of Macroeconomics / Edition 5

Principles of Macroeconomics / Edition 5

by John B. Taylor
     
 

In Principles of Macroeconomics, noted economist and teacher John Taylor unravels sophisticated material by combining clear, straightforward writing with annotated graphs and real-life examples that drive students' interest in modern economic theory. Taylor's distinctive approach to macroeconomics—covering long-run fundamentals before short-term economic

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Overview

In Principles of Macroeconomics, noted economist and teacher John Taylor unravels sophisticated material by combining clear, straightforward writing with annotated graphs and real-life examples that drive students' interest in modern economic theory. Taylor's distinctive approach to macroeconomics—covering long-run fundamentals before short-term economic fluctuations—helps students establish a firm grounding in the basic determinants of growth before they are introduced to the fluctuations that can occur even during periods of steady growth.Taylor's experience in international policymaking has always informed the narrative; his most recent service as Undersecretary of the Treasury for International Affairs brings even more real-world relevance to the Fifth Edition. New "Point-Counterpoint" essays prompt students to consider opposing viewpoints on issues in economic policy, while updated examples and data reflect current trends in the world economy. In addition, the author's trademark "Conversation Boxes" throughout the margins and graphs offer students a step-by-step illustration of the economic models and theories under review.

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Product Details

ISBN-13:
9780618640881
Publisher:
Cengage Learning
Publication date:
02/15/2006
Pages:
544
Product dimensions:
8.50(w) x 9.90(h) x 0.90(d)

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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