Student Value Edition for Macroeconomics plus MyEconLab in CourseCompass plus eBook Student Access Kit

by Lipsey, Richard G.; Ragan, Christopher T.S.; Storer, Paul

• ISBN13: 9780321484406
• ISBN10: 0321484401
• Edition: 13th
• Format: Loose-leaf
• Copyright: 2008-01-01
• Publisher: Prentice Hall

Summary

When asked to describe this text, most Lipsey readers use the same word:precise.The authors do not gloss over subjects when presenting economic ideas; rather, they offer a patient explanation of the concept and back it up with the latest research and data. Taken separately, neither theory nor data alone can give readers a true understanding of the idea, but when combined these elements give students a complete view of economics in the real world. What is Economics?:Economic Issues and Concepts; How Economists Work.An Introduction to Demand and Supply:Demand, Supply, and Price; Elasticity.An Introduction to Macroeconomics:What Macroeconomics Is All About; The Measurement of National Income.The Economy in the Short Run:The Simplest Short-Run Macro Model; Adding Government and Trade to the Simple Macro Model; Aggregate Supply and Aggregate Demand in the Short Run.The Economy in the Long Run:From the Short Run to the Long Run: The Adjustment of Factor Prices; The Difference Between Short-Run and Long-Run Macroeconomics; Long-Run Economic Growth.Money, Banking, and Monetary Policy:Money and Banking; Money, Interest Rates, and Economic Activity; Monetary Policy.Macroeconomic Problems and Policies:Inflation and Disinflation; Unemployment Fluctuations and the NAIRU; Government Debt and Deficits.The United States in the Global Economy:The Gains from International Trade; Trade Policy; Exchange Rates and the Balance of Payments. For all readers interested in macroeconomics.

Table of Contents

What Is Economics?

Economic Issues and Concepts

How Economists Work

An Introduction to Demand and Supply

Demand, Supply, and Price

Elasticity

An Introduction to Macroeconomics

What Macroeconomics Is All About

The Measurement of National Income

The Economy in the Short Run

The Simplest Short-Run Macro Model

Adding Government and Trade to the Simple Macro Model

Aggregate Supply and Aggregate Demand in the Short Run

The Economy in the Long Run

From the Short Run to the Long Run: The Adjustment of Factor Prices

The Difference Between Short-Run and Long-Run Macroeconomics

Long-Run Economic Growth

Money, Banking, and Monetary Policy

Money and Banking

Money, Interest Rates, and Economic Activity

Monetary Policy

Macroeconomic Problems and Policies

Inflation and Disinflation

Unemployment Fluctuations and the NAIRU

Government Debt and Deficits

The United States in the Global Economy

The Gains from International Trade

Trade Policy

Exchange Rates and the Balance of Payments

Glossary

Mathematical Notes

Time Line of Great Economists

Index

Credits

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