Macroeconomics Private and Public Choice

by Gwartney, James D.; Stroup, Richard L.; Sobel, Russell S.; Macpherson, David A.

• ISBN13: 9780324320336
• ISBN10: 0324320337
• Edition: 11th
• Format: Paperback
• Copyright: 2005-03-23
• Publisher: South-Western College Pub

Summary

Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made MACROECONOMICS: PRIVATE AND PUBLIC CHOICE one of South Western Thomson Learning's most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

Table of Contents

The Economic Way of Thinking

The Economic Approach

Some Tools of the Economist

Markets and Government

Supply, Demand, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market

The Economics of Collective Decision Making

Core Macroeconomics

Taking the Nation's Economic Pulse

Economic Fluctuations, Unemployment, and Inflation

An Introduction to Basic Macroeconomic Markets

Working with Our Basic Aggregate Demand/Aggregate Supply Model

Keynes and the Evolution of Macroeconomics

Fiscal Policy

Money and the Banking System

Modern Macroeconomics: Monetary System

Stabilization Policy, Output, and Employment

Economic Growth

International Economics

Gaining from International Trade

International Finance and the Foreign Exchange Market (macro split only)

Applying the Basics Special Topics

Government Spending and Taxation

The Internet: How Is It Changing the Economy?

The Economics of Social Security

The Stock Market: What Does It Do and How Has it Performed?

The Federal Budget and the National Debt

The Phillips Curve: Is There a Tradeoff Between Unemployment and Inflation?

Appendices

General Business and Economic Indicators

Answers to Selected Critical Analysis Questions

Glossary

Index

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