Published by Pearson (January 2, 2018) © 2019
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Price Reduced From: $306.65
Price Reduced From: $306.65
Price Reduced From: $306.65
Economics can often be a challenging topic of study, as many of the principles and concepts you'll read about, including opportunity cost, trade-offs, scarcity, and demand and supply, may not seem applicable to your daily life. Macroeconomics makes these concepts relevant and interesting by demonstrating how real businesses apply them to make decisions every day.
The 7th Edition exemplifies recent developments in US and world economies through new real-world business and policy examples. No matter your career path, whether it's opening an art studio, trading on Wall Street or bartending at the local pub, you'll benefit from grasping the economic forces behind your work.
PART I: INTRODUCTION
1. Economics: Foundations and Models
Appendix: Using Graphs and Formulas
2. Trade-offs, Comparative Advantage, and the Market System
3. Where Prices Come From: The Interaction of Demand and Supply
4. Economic Efficiency, Government Price Setting, and Taxes
Appendix: Quantitative Demand and Supply Analysis
5. The Economics of Health Care
PART II: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
6. Firms, the Stock Market, and Corporate Governance
Appendix: Tools to Analyze Firms’ Financial Information
7. Comparative Advantage and the Gains from International Trade
PART III: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
8. GDP: Measuring Total Production and Income
9. Unemployment and Inflation
10. Economic Growth, the Financial System, and Business Cycles
11. Long-Run Economic Growth: Sources and Policies
PART IV: SHORT-RUN FLUCTUATIONS
12. Aggregate Expenditure and Output in the Short Run
Appendix: The Algebra of Macroeconomic Equilibrium
13. Aggregate Demand and Aggregate Supply Analysis
Appendix: Macroeconomic Schools of Thought
PART V: MONETARY AND FISCAL POLICY
14. Money, Banks, and the Federal Reserve System
15.Monetary Policy
16.Fiscal Policy
Appendix: A Closer Look at the Multiplier
17. Inflation, Unemployment, and Federal Reserve Policy
PART VI: THE INTERNATIONAL ECONOMY
18. Macroeconomics in an Open Economy
19. The International Financial System
Appendix: The Gold Standard and the Bretton Woods System
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