Macroeconomics,9780321122278

Macroeconomics

by ;
Edition: 4th
ISBN13: 9780321122278
ISBN10: 0321122275
Format: Hardcover
Pub. Date: 2002-07-01
Publisher(s): Pearson College Div
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Summary

Macroeconomics, Fourth Edition, is distinguished by its reliance on a core set of economic ideas, its lucid and balanced presentation, its extensive real-world applications, and its innovative pedagogy. The Fourth Edition Update brings students the most current information and insights on significant recent macroeconomic developments throughout the world. In a new, full-color supplement shrink-wrapped with the text, the authors present updated discussion and figures on such noteworthy subjects as the financial crisis in Argentina, the stock market boom and bust, the 2001 tax cut as an instance of Ricardian equivalence, and revisions to the 2001-Quarter IV GDP.

Table of Contents

Preface xvi
Part 1 Introduction 1(58)
Introduction to Macroeconomics
2(22)
The Measurement and Structure of the National Economy
24(35)
Part 2 Long-Run Economic Performance 59(214)
Productivity, Output, and Employment
60(48)
Consumption, Saving, and Investment
108(60)
Saving and Investment in the Open Economy
168(37)
Long-Run Economic Growth
205(37)
The Asset Market, Money, and Prices
242(31)
Part 3 Business Cycles and Macroeconomic Policy 273(160)
Business Cycles
274(30)
The IS--LM/AD--AS Model: A General Framework for Macroeconomic Analysis
304(47)
Classical Business Cycle Analysis: Market-Clearing Macroeconomics
351(39)
Keynesianism: The Macroeconomics of Wage and Price Rigidity
390(43)
Part 4 Macroeconomic Policy: Its Environment and Institutions 433(168)
Unemployment and Inflation
434(37)
Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
471(49)
Monetary Policy and the Federal Reserve System
520(43)
Government Spending and Its Financing
563(38)
Appendix A: Some Useful Analytical Tools 601(7)
Glossary 608(12)
Name Index 620(2)
Subject Index 622
Introduction v
Surprise, Surprise! Fourth-Quarter 2001 GDP Figures Defy Expectations
1
A Ricardian Tax Cut?
3(2)
Macroeconomic Consequences of the Boom and Bust in Stock Prices
5(3)
A U.S. Productivity Miracle?
8(2)
U.S. Monetary Aggregates, 2002
10(1)
Dating the Peak of the 2001 Recession
11(3)
Efficiency Wages in the Laboratory: Testing Akerlof's Gift-Exchange Theory
14(3)
The Weakness of the Euro
17(3)
Crisis in Argentina
20(3)
The Federal Reserve Responds to the Recession
23(2)
Game Theory Goes to the Oscars
25

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