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Economics is global and the Eighth Edition of MACROECONOMICS maintains the hallmarks of the Boyes/Melvin series--accessible writing, strong pedagogy, and integration of global economic issues--while faithfully presenting the latest thinking of economists on important macroeconomic phenomena. The authors have carefully integrated their popular pedagogy, cutting-edge teaching and learning technology, and a full range of supplements to create a complete program that clearly illustrates the connections between key macroeconomic principles and real-world business practices. The text has also been thoroughly updated with recent data and extensive coverage of important current issues, such as the economic effects of the war in Iraq, the 2008 financial crisis, and China's emergence as an economic power. In addition, MACROECONOMICS, Eighth Edition, provides an in-depth exploration of one of today's most significant issues--globalization--and its impact on economic growth and poverty, including a comparison of international standards of living and Global Business Insight features that illustrate macroeconomic concepts with examples from around the world.
Table of Contents
Introduction to the Price System
Economics: the World Around You. 1A
Appendix: Working with Graphs
Choice, Opportunity Costs, and Specialization
Markets, Demand and Supply, and the Price System
The Market System and the Private and Public Sectors
National Income Accounting
An Introduction to the Foreign Exchange Market and the Balance of Payments
Unemployment and Inflation
Macroeconomic Equilibrium: Aggregate Demand and Supply
Aggregate Expenditures. 9A
Appendix: An Algebraic Model of Aggregate Expenditures
Income and Expenditures Equilibrium. 10A
Appendix: An algebraic Model of Income and Expenditures Equilibrium
Fiscal Policy. 11A
Appendix: An Algebraic Examination of the Balanced-Budget Change in Fiscal Policy
Money and Banking
Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical
Issues in International Trade and Finance
World Trade Equilibrium
International Trade Restrictions
Exchange Rates and Financial Links Between Countries
Table of Contents provided by Publisher. All Rights Reserved.