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Foundations of Macroeconomics, 9th edition

Published by Pearson (September 25, 2020) © 2021

  • Robin Bade University of Western Ontario
  • Michael Parkin Emeritus of University of Western Ontario
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Foundations of Macroeconomics introduces you to economic principles you can use to navigate the financial decisions of your future. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide you through unfamiliar terrain and focuses you on the most important concepts and key skills, like reading and interpreting graphs.

The 9th Edition motivates with compelling issues and encourages learning with practice questions, to help you grasp and apply economic principles to the real world.

PART 1: INTRODUCTION

  1. Getting Started
  2. The US and Global Economies
  3. The Economic Problem
  4. Demand and Supply

PART 2: MONITORING THE MACROECONOMY

  1. GDP: A Measure of Total Production and Income
  2. Jobs and Unemployment
  3. The CPI and Cost of Living

PART 3: THE REAL ECONOMY

  1. Potential GDP and the Natural Unemployment Rate
  2. Economic Growth
  3. Finance, Saving and Investment

PART 4: THE MONEY ECONOMY

  1. The Monetary System
  2. Money, Interest and Inflation

PART 5: ECONOMIC FLUCTUATIONS

  1. Aggregate Supply and Aggregate Demand
  2. Aggregate Expenditure Multiplier
  3. The Short-Run Policy Tradeoff

PART 6: MACROECONOMIC POLICY

  1. Fiscal Policy
  2. Monetary Policy
  3. International Trade Policy
  4. International Finance

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