Principles of Macroeconomics

by Gottheil, Fred M.

• ISBN13: 9781424068739
• ISBN10: 1424068738
• Edition: 6th
• Format: Paperback
• Copyright: 2009-05-11
• Publisher: South-Western College Pub

Summary

Bring the study of economics to life with Principles of Macroeconomics, 6th edition. Award-winning educator and author Fred Gottheil speaks directly to student experience through a conversational writing style and narrative that uses stories, familiar examples, engaging scenarios, and relevant examples from literature emphasizing that economic principles can be found in all aspects of modern life. The text focuses on the key questions and presents the basic concepts-developing economic analysis step-by-step. The result is a more interactive and enjoyable learning experience when compared to the pedantic approaches often found in texts. Each chapter in the sixth edition has been thoroughly revised to reflect the most relevant data and also emerging and critical issues such as economic bubbles, the sub-prime housing fiasco, immigration, and the failed economies of the bottom billion of our world population. We invite you to see for yourself how Fred Gottheil’s approach will help to shorten the distance between students and the exciting study of economics.

Table of Contents

The Basics Of Economic Analysis

Introduction

Production Possibilities and Opportunity Costs

Demand and Supply

Employment, Inflation, And Fiscal Policy

Aggregate Demand and Aggregate Supply

Gross Domestic Product Accounting

Consumption and Investment

Equilibrium National Income

Fiscal Policy: Coping with Inflation and Unemployment

Long-Run Economic Growth and Business Cycles

Money, Banking, And Monetary Policy

Money

Money Creation and the Banking System

The Federal Reserve System and Monetary Policy

Government And The Macroeconomy

Can Government Really Stabilize the Economy?

Government Spending

Financing Government: Taxes and Debt

The World Economy

International Trade

Exchange Rates, Balance of Payments, and International Debt

The Economic Problems of Less-Developed Economies

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