Parkin's Macroeconomicsis a worldwide leader because it provides a serious, analytical approach to the discipline using the latest policy and data. Parkin trains students to think like economists by offering a clear introduction to theory and applying the concepts to today's events, news, and research. From our global food shortage to global warming, economic issues permeate our everyday lives. Parkin brings critical issues to the forefront. Each chapter begins with one of today's key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students "read between the lines" to think critically about a news article relating to the issue, demonstrating how thinking like an economist helps make informed decisions.
Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics. Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Michael Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.
Parkin, Macroeconomics, 10e
Brief Table of Contents
CHAPTER 1 What Is Economics?
CHAPTER 2 The Economic Problem
CHAPTER 3 Demand and Supply
MONITORING MACROECONOMIC PERFORMANCE
CHAPTER 4 Measuring GDP and Economic Growth
CHAPTER 5 Monitoring Jobs and Inflation
CHAPTER 6 Economic Growth
CHAPTER 7 Finance, Saving, and Investment
CHAPTER 8 Money, the Price Level, and Inflation
CHAPTER 9 The Exchange Rate and the Balance of Payments
CHAPTER 10 Aggregate Supply and Aggregate Demand
CHAPTER 11 Expenditure Multipliers: The Keynesian Model
CHAPTER 12 U.S. Inflation, Unemployment, and Business Cycle
CHAPTER 13 Fiscal Policy
CHAPTER 14 Monetary Policy
CHAPTER 15 International Trade Policy