Macroeconomics

The new edition of this bestselling textbook covers Macroeconomics today, balancing short-run and long-run issues in a way that emphasises the relevance of Keynesian and classical ideas to current practice. Featuring the latest data and extensive coverage of the current financial crisis, it is the ideal textbook for uncertain economic times. Additional Supplementary products are also available: Macroeconomics Study Guide ISBN: 9781429233729 Macroeconomics Instructor's Resource Manual ISBN: 9781429239363 Macroeconomics Instructor's Solution Manual ISBN: 9781429239424 Macroeconomics Computerized Test Bank (CD ROM) ISBN: 9781429239349 Macroeconomics Printed Test Bank ISBN: 9781429239356 Macroeconomics WebCT ISBN: 9781429239370
Contents:
PART I: INTRODUCTION
The Science of Macroeconomics
Introductory Discussion on Current Financial Crisis
Edmund Phelps Added to FYI on Nobel Macroeconomists
The Data of Macroeconomics
Updated Data on GDP
Updated Description of National Income Components
Updated Data on the Labor Force
PART II: CLASSICAL THEORY: THE ECONOMY IN THE LONG RUN
National Income: Where It Comes From and Where It Goes
New Box: "The Financial System: Markets, Intermediaries, and the Crisis of 2008"
Money and Inflation
New Case Study about the Recent Hyperinflation in Zimbabwe
The Open Economy
Updated Case Study 'The US Trade Deficit'
Updated Data for Case Study 'Big Mac Around the World'
Unemployment
Updated Case Study 'The Characteristics of Minimum-Wage Workers'
Updated Data on Unemployment
PART III: GROWTH THEORY: THE ECONOMY IN THE VERY LONG RUN
Economic Growth I: Capital Accumulation and Population Growth
Economic Growth II: Technology, Empirics, and Policy
PART IV: BUSINESS CYCLE THEORY: THE ECONOMY IN THE SHORT RUN
Introduction to Economic Fluctuations
New Case Study called "A Monetary Lesson from French History"
New FYI box on the Monetary Theory of David Hume
Aggregate Demand I: Building the IS-LM Model
Aggregate Demand II: Applying the IS-LM Model
New Case Study called "The Financial Crisis and Economic Downturn of 2008"
The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate
Regime
Aggregate Supply and the Short-run Tradeoff Between Inflation and Unemployment
The Appendix Includes a New Schematic Diagram Illustrating How Various
Macroeconomic Models are Related
PART V: MACROECONOMIC POLICY DEBATES
New Chapter: A Dynamic Model of Aggregate Demand and Aggregate Supply
Stabilization Policy
Government Debt and Budget Deficits
PART VI: MORE ON THE MICROECONOMICS BEHIND MACROECONOMICS
Consumption
Investment
New Discussion of the Recent Boom and Bust in the Housing Market
Money Supply, Money Demand, and the Banking System
New Section on Bank Capital Requirements
Epilogue: What We Know, What We Don't