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Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares students to analyze real macroeconomic data used by policy makers and researchers. With a balanced treatment of both classical and Keynesian economics, the comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi. Students in this course often struggle to see how the macroeconomic models compare to one another, and fit into the big picture. This text uses a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions.
Table of Contents
PART 1 INTRODUCTION Chapter 1 Introduction to Macroeconomics Chapter 2 The Measurement and Structure of the National Economy PART 2 LONG-RUN ECONOMIC PERFORMANCE Chapter 3 Productivity, Output, and Employment Chapter 4 Consumption, Saving, and Investment Chapter 5 Saving and Investment in the Open Economy Chapter 6 Long-Run Economic Growth Chapter 7 The Asset Market, Money, and Prices PART 3 BUSINESS CYCLES AND MACROECONOMIC POLICY Chapter 8 Business Cycles Chapter 9 The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis Chapter 10 Classical Business Cycle Analysis: Market-Clearing Macroeconomics Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity PART 4 MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS Chapter 12 Unemployment and Inflation Chapter 13 Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy Chapter 14 Monetary Policy and the Federal Reserve System Chapter 15 Government Spending and Its Financing