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Acemoglu, Laibson, List: An evidence-based approach to economics Throughout Macroeconomics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them.
Taking a fresh approach, the authors use the themes of optimization, equilibrium and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives.
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Table of Contents
I. Introduction to Economics 1. The Principles and Practice of Economics 2. Economic Methods and Economic Questions 3. Optimization: Choosing the Best Economic Outcome 4. Demand, Supply, and Equilibrium
II. Introduction to Macroeconomics 5. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates 6. Aggregate Incomes
III. Growth and Development 7. Economic Growth 8. Why Isn't the Whole World Developed?
IV. Equilibrium in Macroeconomic Markets 9. Employment and Unemployment 10. Credit Markets 11. The Monetary System
V. Short-Run Fluctuations in Macroeconomic Equilbrium 12. Economic Fluctuations 13. Macroeconomic Policy
VI. Open Economy 14. Macroeconomics in a Global Economy 15. Open Economy Macroeconomics
VII. Extending the Macroeconomic Toolbox 16. Financial Decision Making 17. Economics of Life, Health, and the Environment 18. Political Economy