Macroeconomics

by Roger A. Arnold, Daniel R Arnold, David H Arnold

Overview

What do John Elway, Mick Jagger, Arnold Schwarzenegger, Sandra Day O'Connor and Young MC all have in common? They all studied economics! In beginning your study of economics with this text, you have a unique opportunity to learn the basics through a clear presentation of concepts and exciting real-world applications that demonstrate how economics affects you, every day, in ways you may not even expect. Why do airlines overbook? How did Hurricane Katrina affect the economy? Do drug busts make a difference in crime? Will a higher minimum wage lead to fewer jobs? Are you more likely to be late to some classes than others? Economic analysis seeks answers to questions like these and so much more. Your journey down Economics Road begins with Chapter 1 - Enjoy!

A comprehensive Study Guide including many multiple choice, review, true/false, graphing, and other questions and problems is also available for purchase with this text. If you find yourself wondering more about the special perspective that economics can provide, you may be interested in How to Think Like an Economist, a supplemental paperback also written by Roger A. Arnold.

Product Details

ISBN-13:	9780357720530
Publisher:	Cengage Learning
Publication date:	01/01/2022
Series:	MindTap Course List
Edition description:	14th ed.
Pages:	608
Product dimensions:	8.80(w) x 10.40(h) x 1.10(d)

About the Author

Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory. Dr. Arnold earned his B.S. in economics from the University of Birmingham in England. He received his Ph.D. in economics from Virginia Tech.

Table of Contents

An Introduction to Economics. Part I: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Production Possibilities Frontier Framework. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. Macroeconomics. Part II: MACROECONOMIC FUNDAMENTALS. 6. Macroeconomic Measurements, Part I: Prices and Unemployment. 7. Macroeconomic Measurements, Part II: GDP and Real GDP. Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 8. Aggregate Demand and Aggregate Supply. 9. Classical Macroeconomics and the Self-Regulating Economy. 10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11. Fiscal Policy and the Federal Budget. Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY. 12. Money, Banking and the Financial System. 13. The Federal Reserve System. 14. Money and the Economy. 15. Monetary Policy. Appendix C: Bond Prices and Interest Rates. Part V: EXPECTATIONS AND GROWTH. 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, Ideas, and Institutions. Part VI: CREATIVE DESTRUCTION AND CRONY CAPITALISM. 18. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape Today International Economics. Part VII: INTERNATIONAL TRADE AND FINANCE. 19. International Trade. 20. International Finance.

Editorial Reviews

"[Arnold] covers the main points carefully without making it sound complicated."

"The Arnold text is very clear and easy to read."

"Arnold's text is just right for my students because they can associate with the examples he uses. His simple explanations are easy to follow."

From the Publisher