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.
By the end of this section, you will be able to:Identify the …
By the end of this section, you will be able to:Identify the demanders and suppliers in a financial marketExplain how interest rates can affect supply and demandAnalyze the economic effects of U.S. debt in terms of domestic financial marketsExplain the role of price ceilings and usury laws in the U.S.
By the end of this section, you will be able to:Analyze whether …
By the end of this section, you will be able to:Analyze whether monetary policy decisions should be made more democraticallyCalculate the velocity of moneyEvaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cyclesCalculate the effects of monetary stimulus
By the end of this section, you will be able to:Explain the …
By the end of this section, you will be able to:Explain the national saving and investment identity in terms of demand and supplyEvaluate the role of budget surpluses and trade surpluses in national saving and investment identity
By the end of this section, you will be able to:Explain the …
By the end of this section, you will be able to:Explain the determinants of trade and current account balanceIdentify and calculate supply and demand for financial capitalExplain how a nation's own level of domestic saving and investment determines a nation's balance of tradePredict the rising and falling of trade deficits based on a nation's saving and investment identity
By the end of this section, you will be able to:Explain the …
By the end of this section, you will be able to:Explain the connection between trade balances and financial capital flowsCalculate comparative advantageExplain balanced trade in terms of investment and capital flows
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