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Macroeconomics, Global Edition, 10th edition

Published by Pearson (March 23, 2020) © 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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This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

For courses in intermediate macroeconomics.

A unified approach to economic theory

Demonstrating a balanced treatment of both classical and Keynesian economics, Macroecomomics 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 analyze 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.

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PART 1: INTRODUCTION

1. Introduction to Macroeconomics

2. The Measurement and Structure of the National Economy

 

PART 2: LONG-RUN ECONOMIC PERFORMANCE

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

 

PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY

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

 

PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS

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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