Principles of Macroeconomics

Table of Contents

• Licensing Information

• Preface

• Chapter 1: Economics: The Study of Choice

  • Defining Economics
  • The Field of Economics
  • The Economists’ Tool Kit
  • Review and Practice

• Chapter 2: Confronting Scarcity: Choices in Production

  • Factors of Production
  • The Production Possibilities Curve
  • Applications of the Production Possibilities Model
  • Review and Practice

• Chapter 3: Demand and Supply

  • Demand
  • Supply
  • Demand, Supply, and Equilibrium
  • Review and Practice

• Chapter 4: Applications of Demand and Supply

  • Putting Demand and Supply to Work
  • Government Intervention in Market Prices: Price Floors and Price Ceilings
  • The Market for Health-Care Services
  • Review and Practice

• Chapter 5: Macroeconomics: The Big Picture

  • Growth of Real GDP and Business Cycles
  • Price-Level Changes
  • Unemployment
  • Review and Practice

• Chapter 6: Measuring Total Output and Income

  • Measuring Total Output
  • Measuring Total Income
  • GDP and Economic Well-Being
  • Review and Practice

• Chapter 7: Aggregate Demand and Aggregate Supply

  • Aggregate Demand
  • Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
  • Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
  • Review and Practice

• Chapter 8: Economic Growth

  • The Significance of Economic Growth
  • Growth and the Long-Run Aggregate Supply Curve
  • Determinants of Economic Growth
  • Review and Practice

• Chapter 9: The Nature and Creation of Money

  • What Is Money?
  • The Banking System and Money Creation
  • The Federal Reserve System
  • Review and Practice

• Chapter 10: Financial Markets and the Economy

  • The Bond and Foreign Exchange Markets
  • Demand, Supply, and Equilibrium in the Money Market
  • Review and Practice

• Chapter 11: Monetary Policy and the Fed

  • Monetary Policy in the United States
  • Problems and Controversies of Monetary Policy
  • Monetary Policy and the Equation of Exchange
  • Review and Practice

• Chapter 12: Government and Fiscal Policy

  • Government and the Economy
  • The Use of Fiscal Policy to Stabilize the Economy
  • Issues in Fiscal Policy
  • Review and Practice

• Chapter 13: Consumption and the Aggregate Expenditures Model

  • Determining the Level of Consumption
  • The Aggregate Expenditures Model
  • Aggregate Expenditures and Aggregate Demand
  • Review and Practice

• Chapter 14: Investment and Economic Activity

  • The Role and Nature of Investment
  • Determinants of Investment
  • Investment and the Economy
  • Review and Practice

• Chapter 15: Net Exports and International Finance

  • The International Sector: An Introduction
  • International Finance
  • Exchange Rate Systems
  • Review and Practice

• Chapter 16: Inflation and Unemployment

  • Relating Inflation and Unemployment
  • Explaining Inflation–Unemployment Relationships
  • Inflation and Unemployment in the Long Run
  • Review and Practice

• Chapter 17: A Brief History of Macroeconomic Thought and Policy

  • The Great Depression and Keynesian Economics
  • Keynesian Economics in the 1960s and 1970s
  • Macroeconomics for the 21st Century
  • Review and Practice

• Chapter 18: Inequality, Poverty, and Discrimination

  • Income Inequality
  • The Economics of Poverty
  • The Economics of Discrimination
  • Review and Practice

• Chapter 19: Economic Development

  • The Nature and Challenge of Economic Development
  • Population Growth and Economic Development
  • Keys to Economic Development
  • Review and Practice

• Chapter 20: Socialist Economies in Transition

  • The Theory and Practice of Socialism
  • Socialist Systems in Action
  • Economies in Transition: China and Russia
  • Review and Practice

• Appendix A: Graphs in Economics

  • Appendix Introduction
  • How to Construct and Interpret Graphs
  • Nonlinear Relationships and Graphs without Numbers
  • Using Graphs and Charts to Show Values of Variables

• Appendix B: Extensions of the Aggregate Expenditures Model

  • Appendix Introduction
  • The Algebra of Equilibrium
  • The Aggregate Expenditures Model and Fiscal Policy
  • Review and Practice