Macroeconomics, Global Edition, 10th edition

Published by Pearson (December 24, 2019) © 2020

  • Andrew B. Abel Wharton School of the University of Pennsylvania
  • Ben S. Bernanke Woodrow Wilson School, Princeton University , Brookings Institution
  • Dean Croushore University of Richmond
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For courses in intermediate macroeconomics

Demonstrating a balanced treatment of both classical and Keynesian economics, Macroeconomics presents macroeconomic theory in a big-picture way. Comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi, and the text helps students analyse real macroeconomic data used by policy makers and researchers. This text takes a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions. The 10th Edition features new applications, boxes, and problems throughout. It also reflects recent events and developments in the field, such as the recent crisis in the US and Europe and the many new tools used by the Federal Reserve in response.

  • 1. Introduction to Macroeconomics
  • 2. The Measurement and Structure of the National Economy
  • 3. Productivity, Output, and Employment
  • 4. Consumption, Saving, and Investment
  • 5. Saving and Investment in the Open Economy
  • 6. Long-Run Economic Growth
  • 7. The Asset Market, Money, and Prices
  • 8. Business Cycles
  • 9. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
  • 10. Classical Business Cycle Analysis: Market-Clearing Macroeconomics
  • 11. Keynesianism: The Macroeconomics of Wage and Price Rigidity
  • 12. Unemployment and Inflation
  • 13. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
  • 14. Monetary Policy and the Federal Reserve System
  • 15. Government Spending and Its Financing
  • Appendix A: Some Useful Analytical Tools

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