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Economics is a subject youlearn by doing.Foundations of Macroeconomicsbreaks the mold of a traditional text and becomes a practice-oriented learning system. Each chapter uses a Checklist to focus readers'attention on the most important key concepts. A discrete section introduces each of these core concepts and is immediately followed by a Checkpoint, a full page of practice that applies the concept. The result is a patient, confidence-building approach that prepares readers touseeconomics in their lives, regardless of what their future career will be. Introduction:Getting Started; The U.S. and Global Economies; The Economic Problem; Demand and Supply.Monitoring the Macroeconomy:GDP and the Standard of Living; The CPI and the Cost of Living; Jobs and Unemployment.The Real Economy:Potential GDP and the Natural Unemployment Rate; Economic Growth; Investment, Saving, and the Real Interest Rate.The Money Economy:The Monetary System; Money, Interest, and Inflation.Economic Fluctuations:AS-ADand the Business Cycle; Aggregate Expenditure; The Short-Run Policy Tradeoff.Macroeconomic Policy:Fiscal Policy; Monetary Policy.The Global Economy: International Finance; Global Markets in Action. For all readers interested in macroeconomics.
Table of Contents
Part 1 Introduction Chapter 1 Getting Started Chapter 2 The U.S. and Global Economies Chapter 3 The Economic Problem Chapter 4 Demand and Supply Part 2Monitoring the Macroeconomy Chapter 5 GDP and the Standard of Living Chapter 6 The CPI and the Cost of Living Chapter 7 Jobs and Unemployment Part 3 The Real Economy Chapter 8 Potential GDP and the Natural Unemployment Rate Chapter 9 Economic Growth Chapter 10 Investment, Saving, and the Real Interest Rate Part 4 The Money Economy Chapter 11 The Monetary System Chapter 12 Money, Interest, and Inflation Part 5 Economic Fluctuations Chapter 13AS-ADand the Business Cycle Chapter 14 Aggregate Expenditure Chapter 15 The Short-Run Policy Tradeoff Part 6 Macroeconomic Policy Chapter 16 Fiscal Policy Chapter 17 Monetary Policy Part 7 The Global Economy Chapter 18 International Finance Chapter 19 Global Markets in Action