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Macroeconomics (8TH 08 - Old Edition)by Michael Parkin
Synopses & ReviewsPublisher Comments: Macroeconomics provides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest research, policy, and data. The result is that readers learn to apply economics the way real economists do, by evaluating the decisions in their personal and professional lives. Introduction: What Is Economics?; The Economic Problem. How Markets Work: Demand and Supply; Elasticity. Macroeconomic Overview: A First Look at Macroeconomics; Measuring GDP and Economic Growth; Monitoring Jobs and the Price Level. The Economy in the Long Run: At Full Employment: The Classical Model; Economic Growth; Money, the Price Level, and Inflation; The Exchange Rate and the Balance of Payments. The Economy in the Short Run: Aggregate Supply and Aggregate Demand; Expenditure Multipliers: The Keynesian Model; U.S. Inflation, Unemployment, and Business Cycle. Macroeconomic Policy: Fiscal Policy; Monetary Policy. The Global Economy: Trading with the World. For all readers interested in macroeconomics. About the AuthorMichael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. Table of Contents I. INTRODUCTION 1. What Is Economics? 2. The Economic Problem
II. HOW MARKETS WORK 3. Demand and Supply
III. MACROECONOMIC OVERVIEW 4. A First Look at Macroeconomics 5. Measuring GDP and Economic Growth 6. Monitoring Jobs and the Price Level
IV. THE ECONOMY IN THE LONG RUN 7. At Full Employment: The Classical Model 8. Economic Growth 9. Money, the Price Level, and Inflation 10. The Exchange Rate and the Balance of Payments
V. THE ECONOMY IN THE SHORT RUN 11. Aggregate Supply and Aggregate Demand 12. Expenditure Multipliers: The Keynesian Model 13. U.S. Inflation, Unemployment, and Business Cycle
VI. MACROECONOMIC POLICY 14. Fiscal Policy 15. Monetary Policy
VII. THE GLOBAL ECONOMY 16. Trading with the World
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