Macroeconomics

Worth Publishers

2016

642 p.

9781464182891

Preface -- Supplements and media -- Part I: Introduction. The science of macroeconomics ; The data of macroeconomics -- Part II: Classical theory : the economy in the long run. National income : where it comes from and where it goes ; The monetary system : what it is and how it works ; Inflation : its causes, effects, and social costs ; The open economy ; Unemployment and the labor market -- Part III: Growth theory : the economy in the very long run. Economic growth I : Capital accumulation and population growth ; Economic growth II : Technology, empirics and policy -- Part IV: Business cycle theory : the economy in the short run. Introduction to economic fluctuations ; Aggregate demand I : Building the IS-LM model ; Aggregate demand II : Applying the IS-LM Model ; The open economy revisited : the Mundell-Fleming model and the exchange-rate regime ; Aggregate supply and the short-run tradeoff between inflation and unemployment -- Part V: Topics in macroeconomic theory. A dynamic model of economic fluctuations 439 Chapter 16 Understanding Consumer Behavior 475 Chapter 17 The Theory of Investment 507 Part VI Topics in Macroeconomic Policy 531 Chapter 18 Alternative Perspectives on Stabilization Policy 531 Chapter 19 Government Debt and Budget Deficits 555 Chapter 20 The Financial System: Opportunities and Dangers 581 Epilogue: What We Know, What We Don't 607 Glossary 617 Index 627.

Английский