Macroeconomics, 11th edition

Published by Pearson (August 31, 2023) © 2024

  • 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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Macroeconomics presents macroeconomic theory in a big-picture way. The text focuses on a single model, to provide you with a clear understanding of macroeconomics and its classical and Keynesian assumptions. Comprehensive coverage helps you analyze real macroeconomic data that real policy makers and researchers use.

The 11th Edition features new coverage, applications, and problems throughout. It also reflects recent events and developments in the field, such as the recent COVID-19 pandemic and the tools used by the Federal Reserve in response.

PART 1: INTRODUCTION

  1. Introduction to Macroeconomics
  2. The Measurement and Structure of the National Economy

PART 2: LONG-RUN ECONOMIC PERFORMANCE

  1. Productivity, Output, and Employment
  2. Consumption, Saving, and Investment
  3. Saving and Investment in the Open Economy
  4. Long-Run Economic Growth
  5. The Asset Market, Money, and Prices

PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY

  1. Business Cycles
  2. The IS–LM/AD–AS Model: A General Framework for Macroeconomic Analysis
  3. Classical Business Cycle Analysis: Market-Clearing Macroeconomics
  4. Keynesianism: The Macroeconomics of Wage and Price Rigidity

PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS

  1. Unemployment and Inflation
  2. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
  3. Monetary Policy and the Federal Reserve System
  4. Government Spending and Its Financing

Appendix A: Some Useful Analytical Tools

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