Klappentext

The number one product for the Intermediate Macro course, this text explains complex concepts with exceptional clarity. The new edition has updated coverage on income inequality, full coverage of the monetary system across two chapters, and an improved model of labor-force dynamics to explain the natural rate of unemployment. It is available in Achieve, which sets the standard for integrating activities, assessments, and analytics into your teaching. It brings together all of the features that instructors and students need - an e-book, LearningCurve adaptive quizzing, and other instructional and application activities, assessments, and extensive instructor resources - in a powerful platform.

Inhalt

Preface

Part I Introduction

Chapter 1 The Science of Macroeconomics

Chapter 2 The Data of Macroeconomics

Part II Classical Theory: The Economy in the Long Run

Chapter 3 National Income: How It Is Earned

Chapter 4 National Income: How It Is Spent

Chapter 5 A First Look at the Monetary System

Chapter 6 Inflation: Its Causes, Effects, and Social Costs

Chapter 7 The Open Economy

Chapter 8 Unemployment and the Labor Market

Part III Growth Theory: The Economy in the Very Long Run

Chapter 9 Capital Accumulation as a Source of Growth

Chapter 10 Population Growth and Technological Progress

Chapter 11 Growth Empirics and Policy

Part IV Business Cycle Theory: The Economy in the Short Run

Chapter 12 Introduction to Economic Fluctuations

Chapter 13 Aggregate Demand I: Building the IS-LM Model

Chapter 14 Aggregate Demand II: Applying the IS-LM Model

Chapter 15 The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime

Chapter 16 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Part V Topics in Macroeconomic Theory and Policy

Chapter 17 A Dynamic Model of Economic Fluctuations

Chapter 18 Alternative Perspectives on Stabilization Policy

Chapter 19 Government Debt and Budget Deficits

Chapter 20 Banking and Monetary Policy

Chapter 21 The Financial System: Opportunities and Dangers

Chapter 22 The Microfoundations of Consumption and Investment

Epilogue What We Know, What We Don't