Principles of Macroeconomics / Edition 8by Karl E. Case, Ray C. Fair
These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events, while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified and logical organization that make economic concepts easy-to-understand and relevant to all… See more details below
These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events, while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified and logical organization that make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage the production possibilities frontier. Recent changes in the economy are highlighted so that readers can understand how these events actually affect investment decisions and policy. The 90s boom and the recent bust are examined. New issues such as the movements for and against globalization, trade agreements and barriers, the World Trade Organization, the enviroment, child labor, sovereignty, the impact of AIDs on developing economics are all explored in this new edition. This book continues to provide an excellent foundation in the scope and method of economics; demand, supply, and market equilibrium; measuring national output and national income; long-run and short-run concerns; aggregate expenditure and equilibrium output; the government and fiscal policy; the money supply and the Federal Reserve system; interest rates and output; inflation; the labor market and unemployment; macroeconomic issues and policy; the stock market and the economy; long-run growth; and open-economy macroeconomics. An excellent reference resource for those involved in fiscal decision-making policies, whether in government or in large, international firms.
Table of ContentsI. INTRODUCTION TO ECONOMICS. 1. The Scope and Method of Economics.
2. The Economic Problem: Scarcity and Choice.
3. Demand, Supply, and Market Equilibrium.
4. Demand and Supply Applications.
II. CONCEPTS AND PROBLEMS IN MACROECONOMICS. 5. Introduction to Macroeconomics.
6. Measuring National Output and National Income.
7. Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation.
III. THE GOODS AND MONEY MARKETS. 8. Aggregate Expenditure and Equilibrium Output.
9. The Government and Fiscal Policy.
10. The Money Supply and the Federal Reserve System.
11. Money Demand, the Equilibrium Interest Rate, and Monetary Policy.
IV. MACROECONOMIC ANALYSIS. 12. Money, the Interest Rate, and Output: Analysis and Policy.
13. Aggregate Demand, Aggregate Supply, and Inflation.
14. The Labor Market, Unemployment, and Inflation.
15. Macroeconomic Issues and Policy.
16. The Stock Market and the Economy.
17. Household and Firm Behavior in the Macroeconomy: A Further Look.
18. Long-Run Growth.
19. Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply Side-Economics.
V. THE WORLD ECONOMY. 20. International Trade, Comparative Advantage, and Protectionism.
21. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates.
22. Globalization, Growth, & Development.
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