Principles of Macroeconomics
Description
Principles of Macroeconomics by Betsey Stevenson, and Justin Wolfers brings a modern policy-relevant perspective to macroeconomics, helping students build intuition they can apply to the real world. Their clear-eyed approach to topics like inflation, unemployment, and monetary policy reflects how economics is practiced today. With engaging writing, fresh examples, and a strong emphasis on useful economics, this text has drawn enthusiastic feedback from both instructors and students.
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Content
Discover What's Inside! Click here to review a sample chapter, Chapter 11: Unemployment, from Stevenson and Wolfer's Principles of Macroeconomics, Third Edition.
Preface
A Quick Review of Graphs
PART I Foundations of Economics
Chapter 1 The Four Core Principles of Economics
Chapter 2 Demand and Consumer Choice
Chapter 3 Supply and Producer Choice
Chapter 4 Equilibrium: Where Supply Meets Demand
PART II Analyzing Markets
Chapter 5 Welfare Economics: Evaluating Market Efficiency and Market Failure
Chapter 6 Comparative Advantage and Gains From Trade
Chapter 7 International Trade
Chapter 8 Inequality, Poverty, and Social Insurance
Part III Macroeconomic Foundations and the Long Run
Chapter 9 Sizing Up the Economy Using GDP
Chapter 10 Economic Growth
Chapter 11 Unemployment
Chapter 12 Inflation and Money
PART IV Micro Foundations of Macroeconomics
Chapter 13 Consumption and Saving
Chapter 14 Investment
Chapter 15 The Financial Sector: Banks, Bonds, and Stocks
Chapter 16 International Finance and the Exchange Rate
PART V The Business Cycle
Chapter 17 Tracking the Business Cycle
Chapter 18 Linking Interest Rates and Output Using IS-MP Analysis
Chapter 19 The Phillips Curve and Inflation
Chapter 20 The Fed Model: Putting it All Together
Chapter 21 Aggregate Demand and Aggregate Supply
PART VI Macroeconomic Policy
Chapter 22 Monetary Policy
Chapter 23 Government Spending, Taxes, and Fiscal Policy
Appendix: A Closer Look at Aggregate Expenditure and the Multiplier
Glossary
Index