Principles of macroeconomics

Contents

• INTRODUCTION TO ECONOMICS
  The Scope and Method of Economics
  The Economic Problem: Scarcity and Choice
  Demand, Supply, and Market Equilibrium
  The Price System, Demand and Supply, and Elasticity
• CONCEPTS AND PROBLEMS IN MACROECONOMICS
  Introduction to Macroeconomics
  Measuring National Output and National Income
  Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation
• THE GOODS AND MONEY MARKETS
  Aggregate Expenditure and Equilibrium Output
  The Government and Fiscal Policy
  The Money Supply and the Federal Reserve System
  Money Demand, the Equilibrium Interest Rate, and Monetary Policy
• MACROECONOMIC ANALYSIS
  Money, the Interest Rate, and Output: Analysis and Policy
  Aggregate Demand, Aggregate Supply, and Inflation
  The Labor Market, Unemployment, and Inflation
  Macroeconomic Issues and Policy
  Household and Firm Behavior in the Macroeconomy: A Further Look
  Long-Run Growth
  Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply Side Economics
• THE WORLD ECONOMY
  International Trade, Comparative Advantage, and Protectionism
  Open Economy Macroeconomics: The Balance of Payments and Exchange Rates
  Economic Growth in Developing and Transitional Economies
• Glossary of Terms
• Solutions to Even-Numbered Problems