Recognizing that a course in economics may seem daunting to some students, …
Recognizing that a course in economics may seem daunting to some students, we have tried to make the writing clear and engaging. Clarity comes in part from the intuitive presentation style, but we have also integrated a number of pedagogical features that we believe make learning economic concepts and principles easier and more fun. These features are very student-focused. The chapters themselves are written using a “modular” format. In particular, chapters generally consist of three main content sections that break down a particular topic into manageable parts. Each content section contains not only an exposition of the material at hand but also learning objectives, summaries, examples, and problems. Each chapter is introduced with a story to motivate the material and each chapter ends with a wrap-up and additional problems. Our goal is to encourage active learning by including many examples and many problems of different types. Table of Contents Chapter 1: Economics: The Study of Choice Chapter 2: Confronting Scarcity: Choices in Production Chapter 3: Demand and Supply Chapter 4: Applications of Demand and Supply Chapter 5: Macroeconomics: The Big Picture Chapter 6: Measuring Total Output and Income Chapter 7: Aggregate Demand and Aggregate Supply Chapter 8: Economic Growth Chapter 9: The Nature and Creation of Money Chapter 10: Financial Markets and the Economy Chapter 11: Monetary Policy and the Fed Chapter 12: Government and Fiscal Policy Chapter 13: Consumption and the Aggregate Expenditures Model Chapter 14: Investment and Economic Activity Chapter 15: Net Exports and International Finance Chapter 16: Inflation and Unemployment Chapter 17: A Brief History of Macroeconomic Thought and Policy Chapter 18: Inequality, Poverty, and Discrimination Chapter 19: Economic Development Chapter 20: Socialist Economies in Transition
Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, …
Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course.
Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included.
This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
Principles of Macroeconomics covers the scope and sequence requirements of most introductory …
Principles of Macroeconomics covers the scope and sequence requirements of most introductory macroeconomics courses. The text also includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to both Keynesian and classical views, and to the theory and application of economics concepts.
By the end of this section, you will be able to:Calculate and …
By the end of this section, you will be able to:Calculate and graph budget constraintsExplain opportunity sets and opportunity costsEvaluate the law of diminishing marginal utilityExplain how marginal analysis and utility influence choices
In this Unit, you will learn about:How Individuals Make Choices Based on …
In this Unit, you will learn about:How Individuals Make Choices Based on Their Budget ConstraintThe Production Possibilities Frontier and Social ChoicesConfronting Objections to the Economic Approach
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