Subject:
Social Science, Economics
Material Type:
Full Course
Level:
Community College / Lower Division, College / Upper Division
Provider:
Rice University
Provider Set:
OpenStax College
Tags:
  • (FDI)
  • (PPI)
  • (PPP)
  • 401(k)
  • A Percentage of GDP
  • A.W. Phillips
  • Abhijit Bannerjee
  • Abraham Garcia
  • Absolute Advantage
  • Adam Smith
  • Adaptive Expectations
  • Adjustable-rate Mortgage (ARM)
  • Administration (NCUA)
  • Adverse Selection of Wage Cuts Argument
  • Aggregate Demand
  • Aggregate Demand (AD) Curve
  • Aggregate Demand-aggregate
  • Aggregate Demand-aggregate Supply
  • Aggregate Demand/aggregate Supply Model
  • Aggregate Production Function
  • Aggregate Supply
  • Aggregate Supply (AS) Curve
  • Aggregate Supply Curve
  • Alexander Gerschenkron
  • Alfred Marshall
  • Allocative Efficiency
  • American Recovery and Reinvestment Act of 2009
  • Anti-dumping Laws
  • Appreciating
  • Arbitrage
  • Asian Financial Crisis
  • Asset
  • Asset-liability Time
  • Assets
  • Automatic Stabilizers
  • Balance Sheet
  • Balance of Payments
  • Balance of Trade
  • Balanced Budget
  • Bank Capital
  • Bank Regulation
  • Bank Run
  • Banking System
  • Bankrupt
  • Bar Graph
  • Barter
  • Base Year
  • Basic Quantity Equation of
  • Basic Quantity Equation of Money
  • Basket of Goods and
  • Basket of Goods and Services
  • Bonds
  • Budget
  • Budget Constraint
  • Budget Deficit
  • Budget Surplus
  • Bureau of Economic Analysis (BEA)
  • Bureau of Labor Statistics
  • Business Confidence
  • Business Cycle
  • CPI
  • Capital Deepening
  • Central Bank
  • Certificate of Deposit (CD)
  • Certificates of Deposit (CDs)
  • Ceteris Paribus
  • Chain
  • Circular Flow Diagram
  • Circulation
  • Coins and Currency in
  • Coins and Currency in Circulation
  • Command Economy
  • Committee (FOMC)
  • Commodity Money
  • Commodity-backed Currencies
  • Common Markets
  • Comparative Advantage
  • Complements
  • Compound Growth Rate
  • Conference Board
  • Constant Unitary Elasticity
  • Consumer Confidence
  • Consumer Price Index
  • Consumer Price Index (CPI)
  • Consumer Surplus
  • Consumption Demand
  • Consumption Function
  • Contractionary Fiscal
  • Contractionary Fiscal Policy
  • Contractionary Monetary
  • Contractual Rights
  • Convergence
  • Converging Economy
  • Coordination Argument
  • Core Competency
  • Corporate Income Tax
  • Corporation (FDIC)
  • Cost
  • Cost of Living
  • Cost-of-living Adjustments (COLAs)
  • Countercyclical
  • Credit Card
  • Credit Union
  • Cross Price Elasticity of Demand
  • Crowding Out
  • Current Account Balance
  • Curve
  • Cyclical Unemployment
  • David Ricardo
  • Deadweight Loss
  • Dealers
  • Debit Card
  • Deficit
  • Deflation
  • Demand
  • Demand Curve
  • Demand Deposit
  • Demand Deposits
  • Demand Schedule
  • Demand and Supply
  • Demand and Supply Diagram
  • Demand and Supply Models
  • Deposit Insurance
  • Depository Institution
  • Depreciating
  • Depreciation
  • Depression
  • Direct Investment
  • Discount Rate
  • Discouraged Workers
  • Discretionary Fiscal Policy
  • Disposable Income
  • Disruptive Market Change
  • Diversify
  • Division of Labor
  • Dollarize
  • Double Coincidence of Wants
  • Double Counting
  • Dow Jones
  • Dumping
  • Durable Goods
  • East Asian Tigers
  • Economic Efficiency
  • Economic Growth
  • Economic Surplus
  • Economic Unions
  • Economics
  • Economies of Scale
  • Efficiency
  • Efficiency Wage Theory
  • Elastic Demand
  • Elastic Supply
  • Elasticity
  • Elasticity of Savings
  • Employment Cost Index
  • Equilibrium
  • Equilibrium Exchange Rate
  • Equilibrium Price
  • Equilibrium Quantity
  • Estate and Gift Tax
  • Esther Duflo
  • European Union
  • Excess Demand
  • Excess Reserves
  • Excess Supply
  • Exchange Rate
  • Exchange Rates
  • Excise Taxes
  • Expansionary Fiscal Policy
  • Expansionary Monetary
  • Expansionary Monetary Policy
  • Expected Inflation
  • Expenditure Multiplier
  • Expenditure-output Model
  • Export
  • Exports
  • Exports of Goods and Services as
  • Exports of Goods and Services as a Percentage of
  • Factors of Production
  • Federal Deposit Insurance
  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Funds Rate
  • Federal Open Market
  • Federal Open Market Committee (FOMC)
  • Federal Reserve
  • Federal Reserve Bank
  • Fiat Money
  • Final Goods and Services
  • Financial Capital
  • Financial Capital Market
  • Financial Capital Markets
  • Financial Intermediary
  • Firm
  • Firms
  • Fiscal Policy
  • Floating Exchange Rate
  • Flows
  • Foreign Direct Investment
  • Foreign Exchange Market
  • Foreign Financial Capital
  • Foreign Investment Capital
  • Free Trade
  • Free Trade Agreements
  • Frictional Unemployment
  • Frontier (PPF)
  • Full-employment GDP
  • Function
  • GDP
  • GDP Deflator
  • GDP Per Capita
  • Gain From Trade
  • General Agreement on Tariffs and Trade (GATT)
  • Globalization
  • Good
  • Goods and Services Market
  • Great Depression
  • Great Recession
  • Gross Domestic Product
  • Gross Domestic Product (GDP)
  • Gross National Product (GNP)
  • Growth Consensus
  • Growth Rate
  • Hard Peg
  • Head Start Program
  • Hedge
  • Hidden Unemployment
  • High-income Countries
  • Human Capital
  • Hyperinflation
  • Identity
  • Implementation Lag
  • Implicit Contract
  • Import Quotas
  • Imports
  • Income Elasticity
  • Income Elasticity of Demand
  • Income Payments
  • Index Number
  • Indexed
  • Individual Income Tax
  • Industrial Revolution
  • Inelastic Demand
  • Inelastic Supply
  • Infant Industry Argument
  • Inferior Good
  • Infinite Elasticity
  • Inflation
  • Inflation Rate
  • Inflation-targeting
  • Inflationary Gap
  • Infrastructure
  • Innovation
  • Inputs
  • Insider-outsider Model
  • Interbank Market
  • Interest Rate
  • Interest Rates
  • Intermediate Goods
  • Intermediate Zone
  • International Capital Flows
  • International Financial
  • International Price Index
  • International Trade
  • Intertemporal Decision Making
  • Intra-industry Trade
  • Invention
  • Inventories
  • Investment Demand
  • Investment Expenditure
  • Investment Income
  • Invisible Hand
  • Involuntary Unemployment
  • James Tobin
  • Jan Luiten Van Zanden
  • Janet L. Yellen
  • Jean-Baptiste Say
  • John Maynard Keynes
  • Key Input
  • Keynesian Aggregate Supply
  • Keynesian Aggregate Supply Curve
  • Keynesian Cross Diagram
  • Keynesian Economic Model
  • Keynesian Economics
  • Keynesian Macroeconomic
  • Keynesian Zone
  • Keynes’ Law
  • Labor Force Participation Rate
  • Labor Market
  • Labor Markets
  • Labor Productivity
  • Law of Demand
  • Law of Diminishing Marginal Utility
  • Law of Diminishing Returns
  • Law of Supply
  • Legislative Lag
  • Lender of Last Resort
  • Level of Trade
  • Leverage Cycle
  • Liability
  • Line Graphs
  • Liquidity
  • Living Wage
  • Loan Market
  • Loose Monetary Policy
  • Low Income Countries
  • M1
  • M1 Money Supply
  • M2
  • M2 Money Supply
  • Macro Economy
  • Macroeconomic Externality
  • Macroeconomics
  • Marginal Analysis
  • Marginal Propensity to Consume (MPC)
  • Marginal Propensity to Import (MPI)
  • Marginal Propensity to Save (MPS)
  • Marginal Tax Rate
  • Market
  • Market Economy
  • Median
  • Medium of Exchange
  • Menu Costs
  • Merchandise Trade Balance
  • Merged Currency
  • Microeconomics
  • Midpoint Formula
  • Midpoint Method
  • Milton Friedman
  • Minimum Wage
  • Mismatch
  • Model
  • Modern Economic Growth
  • Monetary Policy
  • Money
  • Money Market Funds
  • Money Multiplier
  • Money Multiplier Formula
  • Multiplier Effect
  • Nasdaq
  • National Bureau of Economic Research
  • National Credit Union
  • National Debt
  • National Income
  • National Interest Argument
  • National Saving and Investment
  • National Saving and Investment Identity
  • Natural Rate of Unemployment
  • Negative Slope
  • Neoclassical Determinants of Growth
  • Neoclassical Economists
  • Neoclassical Model
  • Neoclassical Perspective
  • Neoclassical Zone
  • Net National Product (NNP)
  • Net Worth
  • Nominal GDP
  • Nominal Interest Rate
  • Nominal Value
  • Nondurable Goods
  • Nontariff Barriers
  • Normal Good
  • Normative Statements
  • North American Free Trade Agreement (NAFTA)
  • Open Market Operations
  • Opportunity Cost
  • Opportunity Set
  • Out of the Labor Force
  • Oxfam International
  • Payment
  • Payment System
  • Payroll Tax
  • Peak
  • Pensions
  • Per Capita GDP
  • Percentage Change
  • Perfect Elasticity
  • Perfect Inelasticity
  • Pew Research Center for People and the Press
  • Phillips Curve
  • Physical Capital
  • Physical Capital Per Person
  • Pie Chart
  • Pie Graph
  • Pierre Mohnen
  • Policy
  • Portfolio Investment
  • Positive Slope
  • Positive Statements
  • Potential GDP
  • Price
  • Price Ceiling
  • Price Control
  • Price Controls
  • Price Elasticity
  • Price Elasticity of Demand
  • Price Elasticity of Supply
  • Price Floor
  • Price Level
  • Private Enterprise
  • Private Markets
  • Producer Price Index
  • Producer Price Index (PPI)
  • Producer Surplus
  • Production Function
  • Production Possibilities Frontier (PPF)
  • Production Possibility
  • Production Possibility Frontier (PPF)
  • Productive Efficiency
  • Productivity
  • Progressive Tax
  • Property Rights
  • Proportional Tax
  • Protectionism
  • Purchasing Power Parity
  • Purchasing Power Parity (PPP)
  • Quality/new Goods Bias
  • Quantitative Easing
  • Quantitative Easing (QE)
  • Quantity Demanded
  • Quantity Supplied
  • Race-to-the-bottom
  • Rational Expectations
  • Real GDP
  • Real Interest Rate
  • Real Value
  • Recession
  • Recessionary Gap
  • Recognition Lag
  • Redistributions
  • Regressive Tax
  • Relative Wage Coordination Argument
  • Reserve Requirement
  • Reserves
  • Reuters News
  • Revenue
  • Ricardian Equivalence
  • Richard Easterlin
  • Robert Shiller
  • Robert Solow
  • Rule of Law
  • Salary
  • Savings Deposit
  • Savings Deposits
  • Say’s Law
  • Scarcity
  • Sebastian Edwards
  • Securization
  • Service
  • Services
  • Shift in Demand
  • Shift in Supply
  • Shortage
  • Shortages
  • Slope
  • Smart Card
  • Social Security Indexing Act of 1972
  • Social Surplus
  • Soft Peg
  • Special Economic Zones (SEZ)
  • Specialization
  • Splitting Up the Value
  • Splitting Up the Value Chain
  • Stagflation
  • Standard of Deferred
  • Standard of Deferred Payment
  • Standard of Living
  • Standardized Employment
  • Standards of Living
  • Sticky
  • Sticky Wages and Prices
  • Store of Value
  • Straight-line Demand Curve
  • Structural Unemployment
  • Structures
  • Subprime Loan
  • Subsidies
  • Substitute
  • Substitution Bias
  • Sunk Costs
  • Supply
  • Supply Curve
  • Supply Schedule
  • Supply–aggregate Demand Model
  • Surplus
  • Surpluses
  • T-account
  • Tariffs
  • Tax
  • Technological Change
  • Technology
  • The Land of Funny Money
  • The National Credit Union Administration (NCUA)
  • Theory
  • Tight Monetary Policy
  • Time Deposit
  • Time Deposits
  • Time Series
  • Tobin Taxes
  • Trade Balance
  • Trade Deficit
  • Trade Surplus
  • Tradeoff Diagram
  • Tradeoffs
  • Traditional Economy
  • Transaction Costs
  • Treasury Bills
  • Treasury Bonds
  • Trough
  • Twin Deficits
  • U.S. Census Bureau
  • U.S. Department of Commerce
  • U.S. Patent and Trademark Office
  • Underemployed
  • Underground Economies
  • Unemployment
  • Unemployment Rate
  • Unilateral Transfers
  • Unit of Account
  • Unitary Elasticity
  • Usury Laws
  • Utility
  • Value Chain
  • Variable
  • Velocity
  • WTO
  • Wage
  • Wage Elasticity of Labor Supply
  • Wages
  • World Trade Organization
  • World Trade Organization (WTO)
  • Zero Inelasticity
    License:
    Creative Commons Attribution
    Language:
    English
    Media Formats:
    Text/HTML

    Education Standards

    Principles of Macroeconomics 2e

    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.