Description
Book SynopsisLearn to apply macroeconomic concepts to the real world as MACROECONOMICS: PRIVATE AND PUBLIC CHOICE, 17E highlights current economic conditions. Reader-friendly coverage analyzes and explains the latest economic activity, the recession of 2008-2009 and the economy's shutdown from the COVID-19 pandemic of 2020. This edition dispels common economic myths with insights that clarify today's economic issues and controversies.You examine the importance of entrepreneurship while an emphasis on public choice provides a unique economic perspective on the political process and why government actions sometimes fail to deliver desired outcomes. You also learn how to apply economic concepts to topics, such as student loans, and how events, such as the Great Suppression of 2020, affect opportunities. You study the importance of international trade as a source of economic growth and higher living standards. Most importantly, you learn how to use economics to make better decisions in your career, str
Table of ContentsPart I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach 2. Some Tools of the Economist Part II: MARKETS AND GOVERNMENT 3. Demand, Supply, and the Market Process 4. Supply and Demand: Applications and Extensions 5. Difficult Cases for the Market, and the Role of Government 6. The Economics of Political Action Part III: CORE MACROECONOMICS 7. Taking the Nation���s Economic Pulse 8. Economic Fluctuations, Unemployment, and Inflation 9. An Introduction to Basic Macroeconomic Markets 10. Dynamic Change, Economic Fluctuations, and the AD--AS Model 11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics 12. Fiscal Policy: Incentives, and Secondary Effects 13. Money and the Banking System 14. Modern Macroeconomics and Monetary Policy 15. Macroeconomic Policy, Economic Stability, and the Federal Debt 16. Creating an Environment for Growth and Prosperity 17. The Economics of Development Part IV: INTERNATIONAL ECONOMICS 18. Gaining from International Trade 19. International Finance and the Foreign Exchange Market Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS Special Topic 1. Government Spending and Taxation Special Topic 2. The Economics of Social Security Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity Special Topic 4. Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government Special Topic 5. The 2020 COVID-19 Recession: Cause, Response, and Implications for the Future Special Topic 6. The Great Recession of 2008-2009: Causes and Response Special Topic 7. Lessons from the Great Depression Appendix A. General Business and Economics Indicators for the United States Appendix B. Answers to Selected Critical Analysis Questions
