Principles of Macroeconomics, Brief Edition

by Frank, Robert; Bernanke, Ben

• ISBN13: 9780077316761
• ISBN10: 0077316762
• Edition: 2nd
• Format: Paperback
• Copyright: 2010-10-25
• Publisher: McGraw-Hill Education

Summary

In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. The BRIEF editions were developed for instructors who appreciate core principles approach, and desire a more manageable amount of content and slightly less rigor. In the brief editions, the authors made careful choices of material to eliminate and condense, in order to produce of more concise coverage.

Table of Contents

Part I Introduction

Chapter 1 Thinking Like an Economist

Chapter 2 Comparative Advantage

Chapter 3 Supply and Demand

Part II Macroeconomics: Data and Issues

Chapter 4 Spending, Income and GDP

Chapter 5 Inflation and the Price Level

Chapter 6 Wages and Unemployment

Part III The Economy in the Long Run

Chapter 7 Economic Growth

Chapter 8 Saving, Capital Formation, and Financial Markets

Chapter 9 Money, Prices, and the Financial System

Part IV The Economy in the Short Run

Chapter 10 Short-Term Economic Fluctuations

Chapter 11 Spending, Output, and Fiscal Policy

Chapter 12 Monetary Policy and The Federal Reserve

Chapter 13 Aggregate Demand, Aggregate Supply, and Stabilization Policy

Part V The International Economy

Chapter 14 Exchange Rates, International Trade, and Capital Flows