Intermediate Macroeconomics, 1st edition

Published by Pearson (November 22, 2021) © 2022

  • Nicolas Vincent
  • Pierre Yared
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Fueled by real-time data and immersive applications, Intermediate Macroeconomics focuses on the "big picture" of topics to set the stage for analyzing real-world economic events.

Interactive graphs and models, along with current news-based videos and real data exercises, help you develop valuable skills in examining and understanding macroeconomics in the world today.

PART 1: INTRODUCTION AND KEY MACROECONOMIC CONCEPTS

  1. Why Macroeconomics Matters
  2. GDP and Prices
  • Appendix 2A: Limits to GDP Accounting
  1. Labor Market Indicators

PART 2: ECONOMY IN THE LONG RUN

  1. Engines of Growth: Capital, Workers, and Technology
  • Appendix 4A: The Cobb-Douglas Production Function in Detail
  1. The Solow Model
  • Appendix 5A: The Solow Model in Detail
  1. Productivity
  • Appendix 6A: Malthusian Trap
  • Appendix 6B: Institutions and Economic Development
  1. Labor Market Forces
  • Appendix 7A: A Model of the Labor Market
  • Appendix 7B: Income Inequality
  1. Money

PART 3: BUSINESS CYCLES ANALYSIS

  1. Introduction to Business Cycles
  2. Business Cycle Framework I: Aggregate Demand, Interest Rates, and Money
  3. Business Cycle Framework II: Prices and Aggregate Demand over the Business Cycle
  • Appendix 11A: Deriving the SRAS Curve

PART 4: POLICY OVER THE BUSINESS CYCLE

  1. Monetary Policy
  • Appendix 12A: Monetary Policy at the Zero Lower Bound
  1. A Dynamic Macroeconomic Model
  2. Countercyclical Fiscal Policy
  3. Fiscal Trends and Government Debt
  • Appendix 15A: A Model of Government Debt Sustainability
  • Appendix 15B: A Model of Taxation and Revenue

PART 5: MACROECONOMICS AND THE FINANCIAL SYSTEM

  1. Financial Markets and Macroeconomics
  2. Financial Crises
  • Appendix 17A: Financial Crisis Response and Financial Regulation

PART 6: GLOBAL FORCES

  1. Global Imbalances and World Interest Rates
  2. Economic Policy with Open Borders
  • Appendix 19A: Exchange Rates in the Long Run

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