COURSE DESCRIPTION
Macroeconomics, 7th Edition
Macroeconomics help foster interest in the discipline’s concepts, and make the key principles of this topic relevant to students’ lives by demonstrating how real businesses use macroeconomics to make decisions every day. With ever-changing US and world economies, the 7th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of their future career path -- opening an art studio, trading on Wall Street, or bartending at the local pub, students will benefit from understanding the macroeconomic forces behind their work.
Table of Contents
PART I: INTRODUCTION
1. Economics: Foundations and Models
2. Trade-offs, Comparative Advantage, and the Market System
3. Where Prices Come From: The Interaction of Demand and Supply
4. Economic Efficiency, Government Price Setting, and Taxes
5. The Economics of Health Care
PART II: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
6. Firms, the Stock Market, and Corporate Governance
7. Comparative Advantage and the Gains from International Trade
PART III: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
8. GDP: Measuring Total Production and Income
9. Unemployment and Inflation
10. Economic Growth, the Financial System, and Business Cycles
11. Long-Run Economic Growth: Sources and Policies
PART IV: SHORT-RUN FLUCTUATIONS
12. Aggregate Expenditure and Output in the Short Run
13. Aggregate Demand and Aggregate Supply Analysis
PART V: MONETARY AND FISCAL POLICY
14. Money, Banks, and the Federal Reserve System
15.Monetary Policy
16.Fiscal Policy
17. Inflation, Unemployment, and Federal Reserve Policy
PART VI: THE INTERNATIONAL ECONOMY
18. Macroeconomics in an Open Economy
19. The International Financial System
