Macroeconomics (Web-enabled Edition)

by Abel, Andrew B.; Bernanke, Ben S.

• ISBN13: 9780201441338
• ISBN10: 0201441330
• Additional ISBN(s): 9780321199638
• Edition: 4th
• Format: Hardcover
• Copyright: 2001-01-01
• Publisher: Addison Wesley

Summary

This text is the most even-handed and comprehensive treatment of the competing classical and Keynesian approaches in the market. By starting with topics on which the two approaches agree, the book highlights the common ground between them and then clearly presents the outstanding differences within the context of a single framework.Macroeconomics now includes a password that gives students access to a special edition of The Conference Board's Business Cycle Indicators database containing over 100 hand-picked data series. Accompanying exercises in the text provide a unique opportunity for students to analyze the very data that policy makers, professional economists, and government officials rely on in their day-to-day work.

Table of Contents

Preface	xvi
Part 1 Introduction	1	(58)
Introduction to Macroeconomics	2	(22)
The Measurement and Structure of the National Economy	24	(35)
Part 2 Long-Run Economic Performance	59	(214)
Productivity, Output, and Employment	60	(48)
Consumption, Saving, and Investment	108	(60)
Saving and Investment in the Open Economy	168	(37)
Long-Run Economic Growth	205	(37)
The Asset Market, Money, and Prices	242	(31)
Part 3 Business Cycles and Macroeconomic Policy	273	(160)
Business Cycles	274	(30)
The IS-LM / AD-AS Model: A General Framework for Macroeconomic Analysis	304	(47)
Classical Business Cycle Analysis: Market-Clearing Macroeconomics	351	(39)
Keynesianism: The Macroeconomics of Wage and Price Rigidity	390	(43)
Part 4 Macroeconomic Policy: Its Environment and Institutions	433	(168)
Unemployment and Inflation	434	(37)
Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy	471	(49)
Monetary Policy and the Federal Reserve System	520	(43)
Government Spending and Its Financing	563	(38)
Appendix A: Some Useful Analytical Tools	601	(7)
Glossary	608	(12)
Name Index	620	(2)
Subject Index	622