Study Guide for Taylor's Principles of Macroeconomics, 5th / Edition 5

Study Guide for Taylor's Principles of Macroeconomics, 5th / Edition 5

by John B. Taylor
     
 

ISBN-10: 061862323X

ISBN-13: 9780618623235

Pub. Date: 03/06/2006

Publisher: Cengage Learning

Each study guide chapter contains a brief chapter overview and point-by-point review; a Zeroing In section focused on key concepts and graphs; an Active Review to test students on their factual understanding of the chapter; and a Working It Out section with step-by-step analysis of problems (usually math-based), including both worked and practice problems. At the

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Overview

Each study guide chapter contains a brief chapter overview and point-by-point review; a Zeroing In section focused on key concepts and graphs; an Active Review to test students on their factual understanding of the chapter; and a Working It Out section with step-by-step analysis of problems (usually math-based), including both worked and practice problems. At the end of each part, a comprehensive multiple-choice self-test helps the student prepare for classroom exams.

Product Details

ISBN-13:
9780618623235
Publisher:
Cengage Learning
Publication date:
03/06/2006
Edition description:
Older Edition
Pages:
400
Product dimensions:
8.50(w) x 11.00(h) x 0.80(d)

Table of Contents


Note: Each chapter includes a Conclusion, Key Points, Key Terms, Questions for Review, and Problems. Each appendix includes Key Points, Key Terms and Definitions, Questions for Review, and Problems. I. Introduction to Economics 1. The Central Idea Scarcity and Choice for Individuals Scarcity and Choice for the Economy as a Whole Market Economies and the Price System Economics in Action: Gains from Trade on the Internet Economics in Action: Teaching Jobs and Graduate School Applications--Two Sides of the Same Coin Economics in the News: Gains from Trade on the Radio 2. Observing and Explaining the Economy What Do Economists Do? The Fluctuating Price of Gasoline Recommending Appropriate Policies Economics in Action: An Economic Experiment to Study Discrimination Economics in Action: Science or Persuasion? Economics in the News: Young Economists at Work Appendix to Chapter 2. Reading, Understanding, and Creating Graphs Visualizing Observations with Graphs Visualizing Models with Graphs 3. The Supply and Demand Model Demand Supply Market Equilibrium: Combining Supply and Demand Economics in the News: Why Roses Cost More on Valentine's Day Economics in Action: Using the Supply and Demand Model to Analyze Real-World Issues 4. Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings, and Elasticity Interference with Market Prices Elasticity of Demand Working with Demand Elasticities Elasticity of Supply Economics in Action: How Policymakers Use Price Elasticity of Demand to Discourage Underage Drinking Economics in the News: Increasing School Enrollment in Africa Economics in Action: Predicting the Size of a Price Increase Economics in Action: Will an Increase in the Minimum Wage Benefit Poor Workers? II. Principles of Macroeconomics 5. Macroeconomics:The Big Picture Measuring the "Size" of an Economy Unemployment, Inflation, and Interest Rates Macroeconomic Theory and Policy Economics in the News: How Economic Growth Can Transform an Economy Economics in Action: The Economic Impact of September 11 Appendix to Chapter 5. The Miracle of Compound Growth How Compound Growth Works Plotting Growing Variables 6. Measuring the Production, Income, and Spending of Nations Measuring GDP Saving Measuring Real GDP Shortcomings of the GDP Measure Economics in Action: Distinguishing Between Stocks and Flows Economics in the News: The Monthly Release of GDP Data Economics in Action: Measuring the Quality of Life Across Nations 7. The Spending Allocation Model The Spending Shares The Effect of Interest Rates on Spending Shares Determining the Equilibrium Interest Rate The Relationship Between Saving and Investment Economics in Action: Using the Spending Allocation Model to Analyze the Long-Run Implications of Shifts in Government Purchases and Consumption Economics in the News: The "Twin Deficits" 8. Unemployment and Employment Unemployment and Other Labor Market Indicators The Nature of Unemployment Modeling the Labor Market Economics in the News: Unemployment Each Month Economics in Action: Unemployment Among Young People Around the World 9. Productivity and Economic Growth Labor and Capital Without Technology Technology: The Engine of Growth Measuring Technology Technology Policy Economics in Action: The Role of Technology in Economic Growth Economics in Action: Examples of Changes in Technology That Increased Productivity Economics in Action: Two Invention Factories: Past and Present Economics in Action: Growth Accounting in Practice Economics in the News: Productivity Growth Appendix to Chapter 9. Deriving the Growth Accounting Formula 10. Money and Inflation What Is Money? The Fed, the Banks, and the Link from Reserves to Deposits Money Growth and Inflation Economics in the News: Counterfeit Money Economics in Action: Hyperinflation and Too Much Money III. Economic Fluctuations and Macroeconomic Policy 11. The Nature and Causes of Economic Fluctuations Changes in Aggregate Demand Lead to Changes in Production Forecasting Real GDP The Response of Consumption to Income Finding Real GDP When Consumption and Income Move Together Spending Balance and Departures of Real GDP from Potential GDP Economics in Action: Real-Life Examples of How Firms Respond to Demand Economics in the News: Assessing the Macroeconomic Impact of a Terrorist Attack Economics in Action: The Professional Forecasters Economics in Action: Making Time's Top 100 Appendix to Chapter 11. Deriving the Formula for the Keynesian Multiplier and the Forward-Looking Consumption Model The Keynesian Multiplier The Forward-Looking Consumption Model 12. The Economic Fluctuations Model The Aggregate Demand Curve The Inflation Adjustment Line Combining the Aggregate Demand Curve and the Inflation Adjustment Line Economics in the News: The Fed Raises and Then Lowers the Interest Rate 13. Using the Economic Fluctuations Model Changes in Government Purchases Changes in Monetary Policy Price Shocks Economics in Action: Explaining the Recovery from the Great Depression Economics in Action: The 2001 Recession and Recovery 14. Fiscal Policy The Government Budget Countercyclical Fiscal Policy The Structural Versus the Cyclical Surplus Economics in Action: How Should Social Security Be Reformed? Economics in Action: The Economic Report of the President 15. Monetary Policy Why Are Central Banks Independent? Running Monetary Policy Money and Other Instruments of Monetary Policy The Exchange Rate and Monetary Policy Economics in the News: Anatomy of a Hump 16. Financial Markets The Distinction Between Physical Capital and Financial Capital Markets for Financial Capital The Tradeoff Between Risk and Return Corporate Governance Problems Economics in Action: Understanding Stock and Bond Price Listings in Newspapers Economics in the News: Corporate Greed Appendix to Chapter 16. Present Discounted Value Discounting the Future Finding the Present Discounted Value IV. Trade and Global Markets 17. Economic Growth and Globalization Catching Up or Not? Economic Development Spreading and Using Technology Increasing Capital per Worker Economics in Action: The Millennium Challenge Corporation Economics in Action: Is There a Global Saving Glut? 18. The Gains from International Trade Recent Trends in International Trade Comparative Advantage Reasons for Comparative Advantage Gains from Expanded Markets Economics in the News: The Economic Impact of Outsourcing Economics in Action: Doing Politics and Economics 19. International Trade Policy Tariffs and Quotas The History of Trade Restrictions Arguments for Trade Barriers How to Reduce Trade Barriers Economics in Action: From Steel to Shrimp: The Same Old Tariff Story Economics in the News: The End of the Multi-Fiber Agreement Economics in Action: Ending the Corn Laws Glossary Index Credits

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