Principles of Macroeconomics and the Canadian Economy

by Boadway, Robin; Stiglitz, Joseph E.

• ISBN13: 9780393970548
• ISBN10: 039397054X
• Edition: 2nd
• Format: Paperback
• Copyright: 1997-03-17
• Publisher: W. W. Norton & Company

Summary

Paying close attention to significant topics neglected by most principles-level texts-such as imperfect markets and the centrality of technological change in modern economies-the authors provided beginning students with the tools to interpret economic realities in the world around them. The Second Edition continues this tradition. Updated to reflect recent economic change and with more tightly focused chapters, the Second Edition remains the strongest text for students of Canadian economics.

Table of Contents

PART ONE INTRODUCTION	1	(104)
1 THE AUTOMOBILE AND ECONOMICS	1	(21)
2 THINKING LIKE AN ECONOMIST	22	(21)
3 TRADE	43	(16)
4 DEMAND, SUPPLY, AND PRICE	59	(20)
5 USING DEMAND AND SUPPLY	79	(26)
PART TWO FULL-EMPLOYMENT MACROECONOMICS	105	(96)
6 MACROECONOMIC GOALS AND MEASURES	105	(23)
7 MICROFOUNDATIONS	128	(28)
8 THE FULL-EMPLOYMENT MODEL	156	(24)
9 USING THE FULL-EMPLOYMENT MODEL	180	(21)
PART THREE UNEMPLOYMENT MACROECONOMICS	201	(126)
10 OVERVIEW OF UNEMPLOYMENT MACROECONOMICS	201	(20)
11 AGGREGATE DEMAND	221	(23)
12 CONSUMPTION AND INVESTMENT	244	(22)
13 MONEY, BANKING, AND CREDIT	266	(25)
14 MONETARY THEORY	291	(20)
15 FISCAL AND MONETARY POLICY	311	(16)
PART FOUR DYNAMICS OF ADJUSTMENT	327	(70)
16 INFLATION: WAGE AND PRICE DYNAMICS	327	(27)
17 UNEMPLOYMENT: UNDERSTANDING WAGE RIGIDITIES	354	(18)
18 INFLATION VERSUS UNEMPLOYMENT: APPROACHES TO POLICY	372	(25)
PART FIVE TOPICS IN MACROECONOMIC POLICY	397
19 GROWTH AND PRODUCTIVITY	397	(27)
20 INTERGENERATIONAL TRANSFERS: DEFICITS AND PUBLIC PENSIONS	424	(22)
21 TRADE POLICY	446	(20)
22 DEVELOPING AND TRANSITIONAL ECONOMIES	466
GLOSSARY	A1