Macroeconomics: Principles and Applications / Edition 6

by Robert E. Hall, Marc Lieberman

Overview

Discover how today's macroeconomic policy issues, decisions, and applications impact you every day with the practical, accessible presentation in MACROECONOMICS. Written by acclaimed economists Hall and Lieberman, this straightforward contemporary text offers a presentation as current as the latest headlines. Fresh new cutting-edge examples throughout this edition as well as updated mini-cases clearly illustrate core macroeconomic principles and applications in action. This edition's streamlined chapters focus on today's most important macroeconomic theories and events. The latest thinking from leading economists helps equip readers with a solid foundation in macroeconomics necessary for success, no matter what the career.

Product Details

ISBN-13:	9781111822354
Publisher:	Cengage Learning
Publication date:	02/17/2012
Series:	MindTap Course List Series
Edition description:	New Edition
Pages:	552
Product dimensions:	8.40(w) x 9.90(h) x 0.90(d)

About the Author

Dr. Robert E. Hall is a prominent applied economist. He is the Robert and Carole McNeil Joint Professor of Economics at Stanford University and Senior Fellow at Stanford's Hoover Institution, where he conducts research on inflation, unemployment, taxation, monetary policy, and the economics of high technology. Dr. Hall received his Ph.D. from MIT and has taught there as well as at the University of California, Berkeley. He was the president of the American Economic Association for the year 2010. He is also director of the research program on Economic Fluctuations of the National Bureau of Economic Research, and chairman of the Bureau's Committee on Business Cycle Dating, which maintains the chronology of the U.S. business cycle. He has published numerous monographs and articles in scholarly journals, and co-authored a popular intermediate text. Dr. Hall has advised the Treasury Department and the Federal Reserve Board on national economic policy and has testified on numerous occasions before congressional committees.


Dr. Marc Lieberman is Clinical Professor of Economics at New York University. He received his Ph.D. from Princeton University. Dr. Lieberman has taught graduate and undergraduate courses in microeconomics, macroeconomics, econometrics, labor economics, and international economics. He has presented his extremely popular Principles of Economics course at Harvard, Vassar, the University of California at Santa Cruz, the University of Hawaii, and New York University. Dr. Lieberman has won NYU's Golden Dozen teaching award three times and has also received the Economics Society Award for Excellence in Teaching. He is co-editor and contributor to THE ROAD TO CAPITALISM: ECONOMIC TRANSFORMATION IN EASTERN EUROPE AND THE FORMER SOVIET UNION. Dr. Lieberman has consulted for the Bank of America and the Educational Testing Service. In his spare time, he is a professional screenwriter and teaches screenwriting at NYU's School of Continuing and Professional Studies.

Table of Contents

Part I: PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. Part II: MACROECONOMICS: BASIC CONCEPTS. 5. What Macroeconomics Tries to Explain. 6. Production, Income, and Employment. 7. The Price Level and Inflation. Part III: LONG-RUN MACROECONOMICS. 8. The Classical Long-Run Model. 9. Economic Growth and Rising Living Standards. Part IV: THE SHORT-RUN MODEL AND FISCAL POLICY. 10. Economic Fluctuations. 11. The Short-Run Macro Model. 12. Fiscal Policy. Part V: EXPANDING THE MODEL: MONEY, PRICES, AND THE GLOBAL ECONOMY. 13. Money, Banks, and the Federal Reserve. 14. The Money Market and Monetary Policy. 15. Aggregate Demand and Aggregate Supply. 16. Inflation and Monetary Policy. 17. Exchange Rates and Macroeconomic Policy.