Macroeconomics Principles and Policy, 2007 Update

by Baumol, William J.; Blinder, Alan S.

• ISBN13: 9780324537031
• ISBN10: 0324537034
• Additional ISBN(s): 9780324221145, 9780324586213
• Edition: 10th
• Format: Paperback
• Copyright: 2007-06-22
• Publisher: South-Western College Pub
• More Book Details
• Purchase Benefits

Summary

This text is well known for using the Keynesian model in the teaching of economics; yet in the 2007 Update edition, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage making the content more accessible for the students. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application allowing students to relate the materials to their every day lives. In addition, a well respected study guide, ThomsonNOW, and student website are available at study aides.

Table of Contents

Getting Acquainted With Economics

What Is Economics?

The Economy: Myth and Reality

The Fundamental Economic Problem: Scarcity and Choice

Supply and Demand: An Initial Look

The Macroeconomy: Aggregate Supply And Demand

The Realm of Macroeconomics

The Goals of Macroeconomic Policy

Economic Growth: Theory and Policy

Aggregate Demand and the Powerful Consumer

Demand-Side Equilibrium: Unemployment or Inflation?

Supply-Side Equilibrium: Unemployment and Inflation?

Fiscal And Monetary Policy

Managing Aggregate Demand: Fiscal Policy

Money and the Banking System

Monetary Policy and the National Economy

The Debate Over Monetary and Fiscal Policy

Fiscal Policy, Monetary Policy, and Growth

Inflation and Growth: The Phillips Curve

The United States In The World Economy

International Trade and Comparative Advantage

The International Monetary System: Order or Disorder?

Exchange Rates and the Macroeconomy

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