This clearly written book offers concise, yet thorough coverage of current economic theories. Refreshing examples, engaging applications, and streamlined content simplify even the most advanced topics. MACROECONOMICS, 7th EDITION emphasizes the central idea of economics using real-world examples of how markets work, why markets are efficient when the incentives are right, and why they are inefficient when the incentives are wrong. Author, John B. Taylor, the former Undersecretary of the Treasury for International Affairs, provides unique insights into today's issues. This edition addresses the global financial challenges currently being faced, and recovery from these economic challenges. Updated graphs, figures, and popular learning features present the latest issues and data, including coverage of the Obama Administration Online learning tools, such as Aplia, the leading homework solution, is available as part of a complete supplement package to further ensure your understanding of economic developments as they happen.
|Edition description:||New Edition|
|Product dimensions:||8.40(w) x 9.90(h) x 0.80(d)|
Table of Contents
PART ONE INTRODUCTION TO ECONOMICS. 1 The Central Idea. 2 Observing and Explaining the Economy. Appendix to Chapter 2 Reading, Understanding, and Creating Graphs. 3 The Supply and Demand Model. CHAPTER 4 Subtleties of the Supply and Demand Model: Price Floors, Price Ceilings and Elasticity. PART TWO PRINCIPLES OF MACROECONOMICS. 5 Macroeconomics The Big Picture. Appendix to Chapter 5 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. Appendix to Chapter 9 Deriving the Growth Accounting Formula. 10 Money and Inflation. PART THREE ECONOMIC FLUCTUATIONS AND MACROECONOMIC POLICY. 11 The Nature of Economic Fluctuations. Appendix to Chapter 11 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 Capital and Financial Markets. Appendix to Chapter 16 Present Discounted Value. PART FOUR OPEN ECONOMY MACROECONOMICS. 17 Economic Growth and Globalization. 18 International Trade. 19 International Finance.