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Macroeconomics : Principles and Applications,9780324421460

Macroeconomics : Principles and Applications

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South-Western College Pub
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Because issues of policy and real applications are critical to the principles of economics course, acclaimed economists Hall and Lieberman have made the fourth edition of MACROECONOMICS: PRINCIPLES AND APPLICATIONS as current as today's headlines, giving students a real-world, up-to-the-minute overview that presents economics as a unified discipline. Taking a no-nonsense, policy approach to economic theory and application, this comprehensive text is very accessible, equipping readers with a solid foundation in economics that they can build upon wherever their career paths may lead. A wealth of interactive online exercises, graphing applications, and research opportunities give students hands-on experience working with current economic issues. Hall and Lieberman's careful focus on core theoretical ideas and systematic application of theoretical tools to timely, practical questions conveys the message that economics is an integrated, powerful body of knowledge that can effectively address domestic and global issues.

Table of Contents

What Is Economics?
Scarcity, Choice, and Economic Systems
Supply and Demand
Macroeconomics: Basic Concepts
What Macroeconomics Tries to Explain
Production, Income, and Employment
The Monetary System, Prices, and Inflation
Long-Run Macroeconomics
The Classical Long-Run Model
Economic Growth and Rising Living Standards
Short-Run Macroeconomics
Economic Fluctuations
The Short-Run Macro Model
Money, Prices, And The Macroeconomy
The Banking System and the Money Supply
The Money Market and Monetary Policy
Aggregate Demand and Aggregate Supply
Macroeconomic Policy
Inflation and Monetary Policy
Fiscal Policy: Taxes, Spending, and the Federal Budget
Exchange Rates and Macroeconomic Policy
Table of Contents provided by Publisher. All Rights Reserved.

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