
Παρουσίαση
In this new edition of Macroeconomics, we were able to integrate crisis-related case studies into many of the book's chapters, showing how the difficulties of the present reflect long-understood macroeconomic principles. We were also able to include discussions of the shadow banking system and its vulnerability to crisis, on one side, and the Federal Reserve's expanded role, on the other.The further unfolding of the crisis will doubtless create many more new issues for analysis and policy. One thing we can say for sure, however, is that recent events have made it even more obvious just how crucial it is for students- and citizens-to understand the principles of macroeconomics. (From the publisher)
Περιεχόμενα
Preface1 What Is Economics?
Introduction
The Ordinary Business of Life
First Principles
Economic Models: Trade-offs and Trade
Appendix
Graphs in Economics
2 Supply and Demand
Supply and Demand
The Market Strikes Back
International Trade
Appendix
Consumer and Producer Surplus
3 Introduction to Macroeconomics
Macroeconomics: The Big Picture
Tracking the Macroeconomy
Unemployment and Inflation
4 Long-Run Economic Growth
Long-Run Economic Growth
Savings, Investment Spending, and the Financial System
5 Short-Run Economic Fluctuations
Income and Expenditure
Appendix
Deriving the Multiplier Algebraically
Aggregate Demand and Aggregate Supply
6 Stabilization Policy
Fiscal Policy
Appendix
Taxes and the Multiplier
Money, Banking, and the Federal Reserve
Monetary Policy
Appendix
Reconciling the Two Models of the Interest Rate
Inflation, Disinflation, and Deflation
7 Events and Ideas
Macroeconomics: Events and Ideas
8 The Open Economy
Open-Economy Macroeconomics
Solutions to "Check Your Understanding" Questions
Glossary
Index
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