Brief principles of macroeconomics

Cover
About the Author
Preface: To the Instructor
Brief Contents
Contents
Preface: To the Student
Chapter 1: Ten Principles of Economics
	1-1 How People Make Decisions
	1-2 How People Interact
	1-3 How the Economy as a Whole Works
	1-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 2: Thinking Like an Economist
	2-1 The Economist as Scientist
	2-2 The Economist as Policy Adviser
	2-3 Why Economists Disagree
	2-4 Let's Get Going
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
	Appendix Graphing: A Brief Review
Chapter 3: Interdependence and the Gains from Trade
	3-1 A Parable for the Modern Economy
	3-2 Comparative Advantage: The Driving Force of Specialization
	3-3 Applications of Comparative Advantage
	3-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 4: The Market Forces of Supply and Demand
	4-1 Markets and Competition
	4-2 Demand
	4-3 Supply
	4-4 Supply and Demand Together
	4-5 Conclusion: How Prices Allocate Resources
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 5: Measuring a Nation's Income
	5-1 The Economy's Income and Expenditure
	5-2 The Measurement of GDP
	5-3 The Components of GDP
	5-4 Real versus Nominal GDP
	5-5 Is GDP a Good Measure of Economic Well-Being?
	5-6 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 6: Measuring the Cost of Living
	6-1 The Consumer Price Index
	6-2 Correcting Economic Variables for the Effects of Inflation
	6-3 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 7: Production and Growth
	7-1 Economic Growth around the World
	7-2 Productivity: Its Role and Determinants
	7-3 Economic Growth and Public Policy
	7-4 Conclusion: The Importance of Long-Run Growth
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 8: Saving, Investment, and the Financial System
	8-1 Financial Institutions in the U.S. Economy
	8-2 Saving and Investment in the National Income Accounts
	8-3 The Market for Loanable Funds
	8-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 9: The Basic Tools of Finance
	9-1 Present Value: Measuring the Time Value of Money
	9-2 Managing Risk
	9-3 Asset Valuation
	9-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 10: Unemployment
	10-1 Identifying Unemployment
	10-2 Job Search
	10-3 Minimum-Wage Laws
	10-4 Unions and Collective Bargaining
	10-5 The Theory of Efficiency Wages
	10-6 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 11: The Monetary System
	11-1 The Meaning of Money
	11-2 The Federal Reserve System
	11-3 Banks and the Money Supply
	11-4 The Fed's Tools of Monetary Control
	11-5 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 12: Money Growth and Inflation
	12-1 The Classical Theory of Inflation
	12-2 The Costs of Inflation
	12-3 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 13: Open-Economy Macroeconomics: Basic Concepts
	13-1 The International Flows of Goods and Capital
	13-2 The Prices for International Transactions: Real and Nominal Exchange Rates
	13-3 A First Theory of Exchange-Rate Determination: Purchasing-Power Parity
	13-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 14: A Macroeconomic Theory of the Open Economy
	14-1 Supply and Demand for Loanable Funds and for Foreign-Currency Exchange
	14-2 Equilibrium in the Open Economy
	14-3 How Policies and Events Affect an Open Economy
	14-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 15: Aggregate Demand and Aggregate Supply
	15-1 Three Key Facts about Economic Fluctuations
	15-2 Explaining Short-Run Economic Fluctuations
	15-3 The Aggregate-Demand Curve
	15-4 The Aggregate-Supply Curve
	15-5 Two Causes of Economic Fluctuations
	15-6 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 16: The Influence of Monetary and Fiscal Policy on Aggregate Demand
	16-1 How Monetary Policy Influences Aggregate Demand
	16-2 How Fiscal Policy Influences Aggregate Demand
	16-3 Using Policy to Stabilize the Economy
	16-4 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 17: The Short-Run Trade-Off between Inflation and Unemployment
	17-1 The Phillips Curve
	17-2 Shifts in the Phillips Curve: The Role of Expectations
	17-3 Shifts in the Phillips Curve: The Role of Supply Shocks
	17-4 The Cost of Reducing Inflation
	17-5 Conclusion
	Chapter in a Nutshell
	Key Concepts
	Questions for Review
	Problems and Applications
Chapter 18: Six Debates over Macroeconomic Policy
	18-1 Should Monetary and Fiscal Policymakers Try to Stabilize the Economy?
	18-2 Should the Government Fight Recessions with Spending Hikes Rather Than Tax Cuts?
	18-3 Should Monetary Policy Be Made by Rule Rather Than by Discretion?
	18-4 Should the Central Bank Aim for Zero Inflation?
	18-5 Should the Government Balance Its Budget?
	18-6 Should the Tax Laws Be Reformed to Encourage Saving?
	18-7 Conclusion
	Chapter in a Nutshell
	Questions for Review
	Problems and Applications
Glossary
Index