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This is the 11th edition with a publication date of 7/8/2008.
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This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing you to relate the materials to your everyday life.
Table of Contents
|Getting Acquainted With Economics|
|What Is Economics?|
|The Economy: Myth and Reality|
|The Fundamental Economic Problem: Scarcity and Choice|
|Supply and Demand: An Initial Look|
|The Building Blocks Of Demand and Supply|
|Consumer Choice: Individual and Market Demand|
|Demand and Elasticity|
|Production, Inputs, and Cost: Building Blocks for Supply Analysis|
|Output, Price, and Profit: The Importance of Marginal Analysis|
|The Economics of the Stock Market|
|Markets and The Price System|
|The Firm and the Industry under Perfect Competition|
|Between Competition and Monopoly|
|Limiting Market Power: Regulation and Antitrust|
|The Virtues and Limitations Of Markets|
|The Case for Free Markets I: The Price System|
|The Shortcomings of Free Markets|
|The Market's Prime Achievement: Innovation and Growth|
|Externalities, the Environment and Natural Resources|
|Taxation and Resource Allocation|
|The Distribution of Income|
|Pricing the Factors of Production|
|Labor and Entrepreneurship: The Human Inputs|
|Poverty, Inequality, and Discrimination|
|The Macroeconomy: Aggregate Supply and Demand|
|An Introduction to Macroeconomics|
|The Goals of Macroeconomic Policy|
|Economic Growth: Theory and Policy|
|Aggregate Demand and the Powerful Consumer|
|Demand-Side Equilibrium: Unemployment or Inflation?|
|Bringing in the Supply Side: Unemployment and Inflation?|
|Fiscal and Monetary Policy|
|Managing Aggregate Demand: Fiscal Policy|
|Money and the Banking System|
|Managing Aggregate Demand: Monetary Policy|
|The Debate Over Monetary and Fiscal Policy|
|Fiscal Policy, Monetary Policy, and Growth|
|The Trade-off between Inflation and Unemployment|
|The United States In The World Economy|
|International Trade and Comparative Advantage|
|The International Monetary System: Order or Disorder?|
|Exchange Rates and the Macroeconomy|
|Table of Contents provided by Publisher. All Rights Reserved.|