9780134744452

For two-semester principles of economics courses.

An intuitive and grounded approach to economics

Get students to think like economists using the latest policy and data while incorporating global issues. Macroeconomics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Recognizing that some students find graphs hard to work with, the author developed the entire art program with the study and review needs of each individual student in mind.

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Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics.

Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Professor Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.

PART I: INTRODUCTION

1. What is Economics?

2. The Economic Problem

3. Demand and Supply

PART II: MONITORING MACROECONOMIC PERFORMANCE

4. Monitoring the Value of Production: GDP

5. Monitoring Jobs and Inflation

PART III: MACROECONOMIC TRENDS

6. Economic Growth

7. Finance, Saving, and Investment

8. Money, the Price Level, and Inflation

9. The Exchange Rate and the Balance of Payments

PART IV: MACROECONOMIC FLUCTUATIONS

10. Aggregate Supply and Aggregate Demand

11. Expenditure Multipliers

12. The Business Cycle, Inflation, and Deflation

PART V: MACROECONOMIC POLICY

13. Fiscal Policy

14. Monetary Policy

15. International Trade Policy

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Macroeconomics

Macroeconomics

0134744454

Summary

Author Biography

Table of Contents

Supplemental Materials