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Macroeconomics, Global Edition

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Efnisyfirlit

  • Title Page
  • Copyright Page
  • Dedication
  • Brief Contents
  • Detailed Contents
  • Part One Introduction
    • Chapter 1 What is Economics?
      • Definition of Economics
      • Two Big Economic Questions
        • What, How, and For Whom?
        • Do Choices Made in the Pursuit of Self-Interest also Promote the Social Interest?
      • The Economic Way of Thinking
        • A Choice Is a Tradeoff
        • Making a Rational Choice
        • Benefit: What You Gain
        • Cost: What You Must Give Up
        • How Much? Choosing at the Margin
        • Choices Respond to Incentives
      • Economics as Social Science and Policy Tool
        • Economist as Social Scientist
        • Economist as Policy Adviser
      • Economists in the Economy
        • Jobs for an Economics Major
        • Will Jobs for Economics Majors Grow?
        • Earnings of Economics Majors
        • Skills Needed for Economics Jobs
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
      • Appendix
      • Appendix Graphs in Economics
        • Graphing Data
          • Graphing Economic Data
          • Scatter Diagrams
        • Graphs Used in Economic Models
          • Variables That Move in the Same Direction
          • Variables That Move in Opposite Directions
          • Variables That Have a Maximum or a Minimum
          • Variables That Are Unrelated
        • The Slope of a Relationship
          • The Slope of a Straight Line
          • The Slope of a Curved Line
        • Graphing Relationships Among More Than Two Variables
          • Ceteris Paribus
          • When Other Things Change
        • Mathematical note Equations of Straight Lines
        • Summary
          • Key Points
          • Key Terms
        • Study Plan Problems and Applications
        • Additional Problems and Applications
        • At Issue
        • Economics in The News
    • Chapter 2 The Economic Problem
      • Production Possibilities and Opportunity Cost
        • Production Possibilities Frontier
        • Production Efficiency
        • Tradeoff Along the PPF
        • Opportunity Cost
      • Using Resources Efficiently
        • The PPF and Marginal Cost
        • Preferences and Marginal Benefit
        • Allocative Efficiency
      • Gains from Trade
        • Comparative Advantage and Absolute Advantage
        • Achieving the Gains from Trade
        • The Liz–Joe Economy and its PPF
      • Economic Growth
        • The Cost of Economic Growth
        • A Nation’s Economic Growth
        • Changes in What We Produce
      • Economic Coordination
        • Firms
        • Markets
        • Property Rights
        • Money
        • Circular Flows Through Markets
        • Coordinating Decisions
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 3 Demand and Supply
      • Markets and Prices
      • Demand
        • The Law of Demand
        • Demand Curve and Demand Schedule
        • A Change in Demand
        • A Change in the Quantity Demanded Versus a Change in Demand
      • Supply
        • The Law of Supply
        • Supply Curve and Supply Schedule
        • A Change in Supply
        • A Change in the Quantity Supplied Versus a Change in Supply
      • Market Equilibrium
        • Price as a Regulator
        • Price Adjustments
      • Predicting Changes in Price and Quantity
        • An Increase in Demand
        • A Decrease in Demand
        • An Increase in Supply
        • A Decrease in Supply
        • Changes in Both Demand and Supply
      • Mathematical Note Demand, Supply, and Equilibrium
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Part One Wrap-Up
      • Understanding the Scope of Economics Your Economic Revolution
      • Talking with Esther Duflo
  • Part Two Monitoring Macroeconomic Performance
    • Chapter 4 Monitoring the Value of Production: GDP
      • Gross Domestic Product
        • GDP Defined
        • GDP and the Circular Flow of Expenditure and Income
        • Why “Domestic” and Why “Gross”?
      • Measuring U.S. GDP
        • The Expenditure Approach
        • The Income Approach
        • Nominal GDP and Real GDP
        • Calculating Real GDP
      • The Uses and Limitations of Real GDP
        • The Standard of Living Over Time
        • The Standard of Living Across Countries
        • Limitations of Real GDP
      • Appendix Graphs in Macroeconomics
      • The Time-Series Graph
        • Making a Time-Series Graph
        • Reading a Time-Series Graph
        • Ratio Scale Reveals Trend
        • A Time-Series With a Trend
        • Using a Ratio Scale
      • Mathematical note Chained-Dollar Real GDP
      • Economics in Action
      • At Issue
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 5 Monitoring Jobs and Inflation
      • Employment and Unemployment
        • Why Unemployment Is a Problem
        • Current Population Survey
        • Three Labor Market Indicators
        • Other Definitions of Unemployment
        • Most Costly Unemployment
        • Alternative Measures of Unemployment
      • Unemployment and Full Employment
        • Frictional Unemployment
        • Structural Unemployment
        • Cyclical Unemployment
        • “Natural” Unemployment
        • Real GDP and Unemployment Over the Cycle
      • The Price Level, Inflation, and Deflation
        • Why Inflation and Deflation Are Problems
        • The Consumer Price Index
        • Reading the CPI Numbers
        • Constructing the CPI
        • Measuring the Inflation Rate
        • Distinguishing High Inflation from a High Price Level
        • The Biased CPI
        • Consequences and Magnitude of Bias
        • Alternative Price Indexes
        • Core and Sticky-Price Inflation
        • The Real Variables in Macroeconomics
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Part Two Wrap-Up
      • Monitoring Macroeconomic Performance The Big Picture
      • Talking with Richard Clarida
  • Part Three Macroeconomic Trends
    • Chapter 6 Economic Growth
      • The Basics of Economic Growth
        • Calculating Growth Rates
        • Economic Growth Versus Business Cycle Expansion
        • The Magic of Sustained Growth
        • Applying the Rule of 70
      • Long-Term Growth Trends
        • Long-Term Growth in the U.S. Economy
        • Real GDP Growth in the World Economy
      • How Potential GDP Grows
        • What Determines Potential GDP?
        • What Makes Potential GDP Grow?
      • Why Labor Productivity Grows
        • Preconditions for Labor Productivity Growth
        • Physical Capital Growth
        • Human Capital Growth
        • Technological Advances
      • Is Economic Growth Sustainable? Theories, Evidence, and Policies
        • Classical Growth Theory
        • Neoclassical Growth Theory
        • New Growth Theory
        • New Growth Theory Versus Malthusian Theory
        • Sorting Out the Theories
        • The Empirical Evidence on the Causes of Economic Growth
        • Policies for Achieving Faster Growth
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 7 Finance, Saving, and Investment
      • Financial Markets and Financial Institutions
        • Finance and Money
        • Capital and Financial Capital
        • Capital and Investment
        • Wealth and Saving
        • Financial Capital Markets
        • Financial Institutions
        • Funds that Finance Investment
      • Financial Decisions and Risks
        • The Time Value of Money
        • Net Present Value
        • The Decision Rule
        • Financial Risk: Insolvency and Illiquidity
        • Market Risk: Interest Rates and Asset Prices
        • Getting Real
      • The Loanable Funds Market
        • The Demand for Loanable Funds
        • The Supply of Loanable Funds
        • Equilibrium in the Loanable Funds Market
        • Changes in Demand and Supply
      • Government in the Loanable Funds Market
        • A Government Budget Surplus
        • A Government Budget Deficit
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 8 Money, the Price Level, And Inflation
      • What Is Money?
        • Medium of Exchange
        • Unit of Account
        • Store of Value
        • Money in the United States Today
      • Depository Institutions
        • Types of Depository Institutions
        • What Depository Institutions Do
        • Economic Benefits Provided by Depository Institutions
        • How Depository Institutions Are Regulated
        • Financial Innovation
      • The Federal Reserve System
        • The Structure of the Fed
        • The Fed’s Balance Sheet
        • The Fed’s Policy Tools
      • How Banks Create Money
        • Creating Deposits by Making Loans
        • The Money Creation Process
        • The Money Multiplier
      • The Money Market
        • The Influences on Money Holding
        • The Demand for Money
        • Shifts in the Demand for Money Curve
        • Money Market Equilibrium
      • The Quantity Theory of Money
      • Mathematical note The Money Multiplier
      • Economics in Action
      • At Issue
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 9 The Exchange Rate and the Balance of Payments
      • The Foreign Exchange Market
        • Trading Currencies
        • Exchange Rates
        • Questions About the U.S. Dollar Exchange Rate
        • An Exchange Rate Is a Price
        • The Demand for One Money Is the Supply of Another Money
        • Demand in the Foreign Exchange Market
        • Demand Curve for U.S. Dollars
        • Supply in the Foreign Exchange Market
        • Supply Curve for U.S. Dollars
        • Market Equilibrium
        • Changes in the Demand for U.S. Dollars
        • Changes in the Supply of U.S. Dollars
        • Changes in the Exchange Rate
      • Arbitrage, Speculation, and Market Fundamentals
        • Arbitrage
        • Speculation
        • Market Fundamentals
      • Exchange Rate Policy
        • Flexible Exchange Rate
        • Fixed Exchange Rate
        • Crawling Peg
      • Financing International Trade
        • Balance of Payments Accounts
        • Borrowers and Lenders
        • The Global Loanable Funds Market
        • Debtors and Creditors
        • Is U.S.Borrowing for Consumption?
        • Current Account Balance
        • Net Exports
        • Where Is the Exchange Rate?
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Part Three Wrap-Up
      • Understanding Macroeconomic Trends Expanding the Frontier
      • Talking with Xavier Sala-i-Martin
  • Part Four Macroeconomic Fluctuations
    • Chapter 10 Aggregate Supply and Aggregate Demand
      • Aggregate Supply
        • Quantity Supplied and Supply
        • Long-Run Aggregate Supply
        • Short-Run Aggregate Supply
        • Changes in Aggregate Supply
      • Aggregate Demand
        • The Aggregate Demand Curve
        • Changes in Aggregate Demand
      • Explaining Macroeconomic Trends and Fluctuations
        • Short-Run Macroeconomic Equilibrium
        • Long-Run Macroeconomic Equilibrium
        • Economic Growth and Inflation in the AS-AD Model
        • The Business Cycle in the AS-AD Model
        • Fluctuations in Aggregate Demand
        • Fluctuations in Aggregate Supply
      • Macroeconomic Schools of Thought
        • The Classical View
        • The Keynesian View
        • The Monetarist View
        • The Way Ahead
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 11 Expenditure Multipliers
      • Fixed Prices and Expenditure Plans
        • Expenditure Plans
        • Consumption and Saving Plans
        • Marginal Propensities to Consume and Save
        • Slopes and Marginal Propensities
        • Consumption as a Function of Real GDP
        • Import Function
      • Real GDP with a Fixed Price Level
        • Aggregate Planned Expenditure
        • Actual Expenditure, Planned Expenditure, and Real GDP
        • Equilibrium Expenditure
        • Convergence to Equilibrium
      • The Multiplier
        • The Basic Idea of the Multiplier
        • The Multiplier Effect
        • Why Is the Multiplier Greater Than 1?
        • The Size of the Multiplier
        • The Multiplier and the Slope of the AE Curve
        • Imports and Income Taxes
        • The Multiplier Process
        • Business Cycle Turning Points
      • The Multiplier and the Price Level
        • Adjusting Quantities and Prices
        • Aggregate Expenditure and Aggregate Demand
        • Deriving the Aggregate Demand Curve
        • Changes in Aggregate Expenditure and Aggregate Demand
        • Equilibrium Real GDP and the Price Level
      • Mathematical note The Algebra of the Keynesian Model
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 12 The Business Cycle, Inflation, and Deflation
      • The Business Cycle
        • Mainstream Business Cycle Theory
        • Real Business Cycle Theory
      • Inflation Cycles
        • Demand-Pull Inflation
        • Cost-Push Inflation
        • Expected Inflation
        • Forecasting Inflation
        • Inflation and the Business Cycle
      • Deflation
        • What Causes Deflation?
        • What Are the Consequences of Deflation?
        • How Can Deflation be Ended?
      • The Phillips Curve
        • The Short-Run Phillips Curve
        • The Long-Run Phillips Curve
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Part Four Wrap-Up
      • Understanding Macroeconomic Fluctuations Boom and Bust
      • Talking with Ricardo J. Caballero
  • Part Five Macroeconomic Policy
    • Chapter 13 Fiscal Policy
      • The Federal Budget
        • The Institutions and Laws
        • Highlights of the 2018 Budget
        • The Budget in Historical Perspective
        • Budget Balance and Debt
        • State and Local Budgets
      • Supply-Side Effects of Fiscal Policy
        • Full Employment and Potential GDP
        • The Effects of the Income Tax
        • Taxes on Expenditure and the Tax Wedge
        • Taxes and the Incentive to Save and Invest
        • Tax Revenues and the Laffer Curve
        • The Supply-Side Debate
      • Generational Effects of Fiscal Policy
        • Generational Accounting and Present Value
        • The Social Security Time Bomb
        • Generational Imbalance
        • International Debt
      • Fiscal Stimulus
        • Automatic Fiscal Policy and Cyclical and Structural Budget Balances
        • Discretionary Fiscal Stimulus
      • Economics in Action
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 14 Monetary Policy
      • Monetary Policy Objectives and Framework
        • Monetary Policy Objectives
        • Operational “Stable Prices” Goal
        • Operational “Maximum Employment” Goal
        • Responsibility for Monetary Policy
      • The Conduct of Monetary Policy
        • The Monetary Policy Instrument
        • The Federal Funds Rate Decision
        • Implementing the Policy Decision
      • Monetary Policy Transmission
        • Quick Overview
        • Interest Rate Changes
        • Exchange Rate Fluctuations
        • Money and Bank Loans
        • The Long-Term Real Interest Rate
        • Expenditure Plans
        • The Change in Aggregate Demand, Real GDP, and the Price Level
        • The Fed Fights Recession
        • The Fed Fights Inflation
        • Loose Links and Long and Variable Lags
        • Policy Strategies and Clarity
      • Financial Crisis: Cure and Prevention
        • The Anatomy of the Financial Crisis
        • The Fed’s Policy Actions in Crisis
        • Congress’s Policy Actions in Crisis
        • Macroprudential Regulation
      • Economics in Action
      • At Issue
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Chapter 15 International trade policy
      • How Global Markets Work
        • International Trade Today
        • What Drives International Trade?
        • Why the United States Imports T-Shirts
        • Why the United States Exports Airplanes
      • Winners, Losers, and the Net Gain from Trade
        • Gains and Losses from Imports
        • Gains and Losses from Exports
        • Gains for All
      • International Trade Restrictions
        • Tariffs
        • Import Quotas
        • Other Import Barriers
        • Export Subsidies
      • The Case Against Protection
        • Helps an Infant Industry Grow
        • Counteracts Dumping
        • Saves Domestic Jobs
        • Allows Us to Compete with Cheap Foreign Labor
        • Penalizes Lax Environmental Standards
        • Prevents Rich Countries from Exploiting Developing Countries
        • Reduces Offshore Outsourcing that Sends Good U.S. Jobs to Other Countries
        • Winners and Losers
        • Avoiding Trade Wars
        • Why Is International Trade Restricted?
        • Compensating Losers
      • Economics in Action
      • At Issue
      • Economics in the News
      • Worked Problem
      • Summary
        • Key Points
        • Key Terms
      • Study Plan Problems and Applications
      • Additional Problems and Applications
    • Part Five Wrap-Up
      • Understanding Macroeconomic Policy Tradeoffs and Free Lunches
      • Talking with Stephanie Schmitt-Grohé
  • Glossary
  • Index
  • Credits
  • Back Cover

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Vörumerki: Pearson
Vörunúmer: 9781292263496
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Macroeconomics, Global Edition

Vörumerki: Pearson
Vörunúmer: 9781292263496
Rafræn bók. Uppl. sendar á netfangið þitt eftir kaup

Veldu vöru

5.790 kr.
Get the product now
5.790 kr.