9780324171891

For professionals who are searching for comprehensive coverage of micro topics. The author?s "easy-going" writing style is superb for presenting the politics and science of economic theories and has been praised as "perhaps the best ever" coverage in economic principles. This book stands out among all other texts because of its ability to intrigue readers and encourage individuals to incorporate an economic way of thinking in daily life.

PART 1 INTRODUCTION

1

(60)

Ten Principles of Economics

3

(16)

Thinking Like an Economist

19

(26)

Interdependence and the Gains from Trade

45

(16)

PART 2 SUPPLY AND DEMAND I: HOW MARKETS WORK

61

(74)

The Market Forces of Supply and Demand

63

(26)

Elasticity and Its Application

89

(24)

Supply, Demand, and Government Policies

113

(22)

PART 3 SUPPLY AND DEMAND II: MARKETS AND WELFARE

135

(66)

Consumers, Producers, and the Efficiency of Markets

137

(22)

Application: The Costs of Taxation

159

(16)

Application: International Trade

175

(26)

PART 4 THE DATA OF MACROECONOMICS

201

(38)

Measuring a Nation's Income

203

(20)

Measuring the Cost of Living

223

(16)

PART 5 THE REAL ECONOMY IN THE LONG RUN

239

(90)

Production and Growth

241

(24)

Saving, Investment, and the Financial System

265

(22)

The Basic Tools of Finance

287

(16)

Unemployment and Its Natural Rate

303

(26)

PART 6 MONEY AND PRICES IN THE LONG RUN

329

(48)

The Monetary System

331

(18)

Money Growth and Inflation

349

(28)

PART 7 THE MACROECONOMICS OF OPEN ECONOMIES

377

(48)

Open-Economy Macroeconomics: Basic Concepts

379

(22)

A Macroeconomic Theory of the Open Economy

401

(24)

PART 8 SHORT-RUN ECONOMIC FLUCTUATIONS

425

(88)

Aggregate Demand and Aggregate Supply

427

(32)

The Influence of Monetary and Fiscal Policy on Aggregate Demand

459

(26)

The Short-Run Tradeoff between Inflation and Unemployment

485

(28)

PART 9 FINAL THOUGHTS

513

(20)

Five Debates over Macroeconomic Policy

515

(18)

Glossary

533

(4)

Index

537

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Principles of Macroeconomics (with Xtra!)

Principles of Macroeconomics (with Xtra!)

0324171897

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