Principles of Macroeconomics With Infotrac

by Gottheil, Fred M.

• ISBN13: 9780324106770
• ISBN10: 0324106777
• Edition: 3rd
• Format: Paperback
• Copyright: 2001-06-27
• Publisher: South-Western College Pub

Summary

This text conveys the principles of macroeconomics in a superb conversational style that engages students in the material unlike any other text. By appealing to students' interests and language; using familiar stories, illustrations, and scenarios and a direct-to-student writing style; and a narrative built on questions, the distance is lessened between the student and the unfamiliar concepts of economics. The book also maintains a focus on presenting basic concepts in depth and developing economics analysis step-by-step, rather than covering hundreds of topics superficially. With this book, students are discouraged from simply memorizing facts, and are engaged in active learning.

Table of Contents

PART 1 THE BASICS OF ECONOMIC ANALYSIS	1	(72)
Introduction	2	(22)
Production Possibilities and Opportunity Costs	24	(20)
Demand and Supply	44	(29)
PART 2 EMPLOYMENT, INFLATION, AND FISCAL POLICY	73	(148)
Aggregate Demand and Aggregate Supply	75	(25)
Gross Domestic Product Accounting	100	(22)
Consumption and Investment	122	(25)
Equilibrium National Income	147	(24)
Fiscal Policy: Coping With Inflation and Unemployment	171	(25)
Long-Run Economic Growth and Business Cycles	196	(25)
PART 3 MONEY, BANKING, AND MONETARY POLICY	221	(76)
Money	223	(22)
Money Creation and the Banking System	245	(21)
The Federal Reserve System and Monetary Policy	266	(31)
PART 4 GOVERNMENT AND THE MACROECONOMY	297	(72)
Can Government Really Stabilize the Economy?	287	(40)
Government Spending	327	(19)
Financing Government: Taxes and Debt	346	(23)
PART 5 THE WORLD ECONOMY	369	(2)
International Trade	371	(29)
Exchange Rates, Balance of Payments, and International Debt	400	(25)
The Economic Problems of Less-Developed Economies	425
Practice Test Answer Key	AK-1
Glossary	G-1
Index	I-1
Photo Credits	PC-1