Macroeconomics Private and Public Choice

by Gwartney

• ISBN13: 9780030212895
• ISBN10: 0030212898
• Edition: 9th
• Format: Paperback
• Copyright: 1999-08-03
• Publisher: South-Western College Pub

Summary

A cornerstone, Macroeconomics: Private and Public Choice is considered to be the best existing principles of economics textbooks emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking and its application to the world around us. Macroeconomics: Private and Public Choice has an amazing approach to introducing students to a moderate amount of economic data analysis while applying the concept to a real-world story. This edition had added a new introductory Chapter 4 "Supply and Demand: Applications and Extensions" allowing the instructor a second full chapter to help develop the basic foundation of supply and demand. Chapter 5 "The Economic Role of the Government" and Chapter 6 "The Economics of Collective Decision Making" now stress the role of government and the economics of collective decision making. Chapter 16 "Economic Growth" integrates growth into the macroeconomic coverage. At the end of the text are extra Applications and Special Topics that allow instructors to include a more involved application in classroom discussions. The authors continue to succeed at enabling students to understand the basic concepts and apply those concepts that are central to the principles of economics class.

Table of Contents

Preface	vii
PART 1 The Economic Way of Thinking	1	(52)
The Economic Approach	5	(26)
Some Tools of the Economist	31	(22)
PART 2 Markets and Government	53	(110)
Supply, Demand, and the Market Process	55	(34)
Supply and Demand: Applications and Extensions	89	(28)
The Economic Role of Government	117	(26)
The Economics of Collective Decision Making	143	(20)
PART 3 Core Macroeconomics	163	(264)
Taking the Nation's Economic Pulse	167	(24)
Economic Fluctuations, Unemployment, and Inflation	191	(24)
An Introduction to Basic Macroeconomic Markets	215	(28)
Working with Our Basic Aggregate Demand/Aggregate Supply Model	243	(26)
Keynesian Foundations of Modern Macroeconomics	269	(24)
Fiscal Policy	293	(26)
Money and the Banking System	319	(32)
Modern Macroeconomics: Monetary Policy	351	(28)
Stabilization Policy, Output, and Employment	379	(24)
Economic Growth	403	(24)
PART 4 International Economics	427	(62)
Gaining from International Trade	433	(28)
International Finance and the Foreign Exchange Market	461	(28)
PART 5 Applications and Special Topics	489	(66)
Labor Markets and Unemployment Rates: A Cross-Country Analysis	491	(12)
How Do Budget Deficits and the National Debt Affect Future Generations?	503	(14)
The Phillips Curve: Is There a Trade-Off between Inflation and Unemployment?	517	(14)
Social Security: The Nature of the Problem and the Alternatives for Dealing with It	531	(12)
The Stock Market: What Does It Do and How Has It Performed?	543	(12)
Appendix A General Business and Economics Indicators	555	(12)
Appendix B Answers to Selected Critical Analysis Questions	567	(14)
Glossary	581	(10)
Credits	591	(2)
Index	593