Readers learn best when they see concepts applied to examples from their everyday lives. With an abundance of relentlessly current examples, Economics Today: The Macro View appeals to today’s diverse population by presenting ideas clearly, at an accessible level, and in the context of newsworthy applications.
Introduction: The Nature of Economics; Scarcity and the World of Trade-Offs; Demand and Supply; Extensions of Demand and Supply Analysis; Public Spending and Public Choice; Funding the Public Sector. Introduction to Macroeconomics and Economic Growth: The Macroeconomy: Unemployment and Inflation; Measuring the Economy’s Performance; Global Economic Growth and Development. Real GDP Determination and Fiscal Policy: Real GDP and the Price Level in the Long Run; Classical and Keynesian Macro Analyses; Consumption, Real GDP, and the Multiplier; Fiscal Policy; Deficit Spending and the Public Debt. Money, Stabilization, and Growth: Money, Banking, and Central Banking; Money Creation, the Demand for Money, and Monetary Policy; Domestic and International Dimensions of Monetary Policy; Stabilization in an Integrated World Economy; Policies and Prospects for Global Economic Growth. Global Economics: Comparative Advantage and the Open Economy; Exchange Rates and the Balance of Payments.
For all readers interested in macroeconomics.
