Description
Book SynopsisMaster today's principles of macroeconomics and gain an understanding of current economic issues with the solid introduction and policy-based examples and applications found in Baumol/Blinder/Solow's MACROECONOMICS: PRINCIPLES AND POLICY, 14E. Written by three of today's most respected economists, this book is one of the most up-to-date macroeconomics texts on the market -- incorporating data and issues as recent as 2018. The authors combine the right level of rigor and detail to clarify even the most complicated macroeconomic concepts. An entirely new chapter closes the book by delving into some of the most important issues confronting the U.S. economy today. Throughout this edition, well-developed examples, intriguing puzzles and meaningful macroeconomic issues provide an excellent balance of theory to application while keeping you engaged and intrigued.
Table of ContentsI.Getting Acquainted with Economics 1.WHAT IS ECONOMICS? 2.THE ECONOMY: MYTH AND REALITY 3.THE FUNDAMENTAL ECONOMIC PROBLEM: SCARCITY AND CHOICE 4.SUPPLY AND DEMAND: AN INITIAL LOOK II.The Macroeconomy: Aggregate Supply and Demand 5.AN INTRODUCTION TO MACROECONOMICS 6.THE GOALS OF MACROECONOMIC POLICY 7.ECONOMIC GROWTH: THEORY AND POLICY 8.AGGREGATE DEMAND AND THE POWERFUL CONSUMER 9.DEMAND-SIDE EQUILIBRIUM: UNEMPLOYMENT OR INFLATION? 10.BRINGING IN THE SUPPLY SIDE: UNEMPLOYMENT AND INFLATION? III.Fiscal and Monetary Policy 11.MANAGING AGGREGATE DEMAND: FISCAL POLICY 12.MONEY AND THE BANKING SYSTEM 13.MONETARY POLICY: CONVENTIONAL AND UNCONVENTIONAL 14.THE FINANCIAL CRISIS AND THE GREAT RECESSION 15.THE DEBATE OVER MONETARY AND FISCAL POLICY 16.BUDGET DEFICITS IN THE SHORT AND LONG RUN 17.THE TRADE-OFF BETWEEN INFLATION AND UNEMPLOYMENT IV.The United States in the World Economy 18.INTERNATIONAL TRADE AND COMPARATIVE ADVANTAGE 19.THE INTERNATIONAL MONETARY SYSTEM: ORDER OR DISORDER? 20.EXCHANGE RATES AND THE MACROECONOMY V.The Economy Today 21.CONTEMPORARY ISSUES IN THE U.S. ECONOMY
