Macroeconomics Principles and Policy, Update 2010 Edition

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

• ISBN13: 9781439039014
• ISBN10: 1439039011
• Edition: 11th
• Format: Paperback
• Copyright: 2010-06-10
• Publisher: South-Western College Pub

Summary

Long a classic text for the teaching of principles of economics, the current economic crisis makes this book an even more essential resource for faculty who want a solid introduction that calls on policy based information for examples and applications. The authors have been on the forefront of advising policy makers and informing the public for years and Alan Blinder, in particular, has been highly visible through the discussions of the current economic situation. The update ensures that faculty who want to teach using the latest policy issues and data are able to do just that. Not only will MACROECONOMICS: PRINCIPLES AND POLICY, UPDATE 2010 EDITION, 11e have the absolute latest data through spring 2010, but will also include a new chapter focuses on the financial crisis and the great recession of 2007-2009.

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

An Introduction to Macroeconomics

The Goals of Macroeconomic Policy

Economic Growth: Theory and Policy

Aggregate Demand and the Powerful Consumer

Demand-Side Equilibrium: Unemployment or Inflation?

Bringing in the Supply Side: Unemployment and Inflation?

Fiscal and Monetary Policy

Managing Aggregate Demand: Fiscal Policy

Money and the Banking System

Managing Aggregate Demand: Monetary Policy

The Debate Over Monetary and Fiscal Policy

Fiscal Policy, Monetary Policy, and Growth

The Trade-off between Inflation and Unemployment

The United States in the World Economy

International Trade and Comparative Advantage

The International Monetary System: Order or Disorder?

Exchange Rates and the Macroeconomy

Postscript: the Financial Crisis of 2007-2009

The Financial Crisis and the Great Recession

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