Description
Book SynopsisLester's MACROECONOMICS: THEORY AND APPLICATIONS, 1st EDITION, provides a survey of the most important macroeconomic topics and models. There are within-chapter knowledge checks with solutions provided at the end of the chapter. There are also practice problems at the end of the chapter and many different online learning tools.
Table of ContentsPART I: GROWTH. 1. Defining and Measuring GDP. 2. Production Functions. 3. The Solow Model of Economic Growth. 4. Explaining Total Factor Productivity. PART II: CLASSICAL THEORY. 5. Money, Prices, and Nominal Interest Rates. 6. Saving, Investment, and the Real Interest Rate. 7. International Trade and the Macroeconomy. 8. Labor Markets. 9. Government Spending and the Macroeconomy. PART III: BUSINESS CYCLES. 10. Introduction to Business Cycles. 11. The IS-MP Model. 12. The IS-MP-AS Model. 13. IS-MP-AS in the Open Economy. PART IV: BANKING AND FINANCIAL MARKETS. 14. Banking and the Macroeconomy. 15. Bonds, Stocks, and Monetary Policy. Mathematical Appendix.
