Macroeconomics

For 1-semester principles ofmacroeconomics courses.

Anintuitive and grounded approach to economics

Macroeconomics getsstudents to think like economists by incorporating the latest policy, data anddiscussions on important global issues.

The 14th Edition emphasizes real-world applications, thedevelopment of critical-thinking skills, diagrams renowned for their pedagogyand clarity, and path-breaking technology. Hallmark features in the chapteropenings and endings encourage students to think critically about a newsarticle relating to the issue, demonstrating how thinking like an economist canbring a clearer perspective to, and deeper understanding of, today’s events.

PART ONE

INTRODUCTION

CHAPTER 1 What Is Economics?

CHAPTER 2 The Economic Problem

CHAPTER 3 Demand and Supply

P ART TWO

MACROECONOMIC DATA

CHAPTER 4 Measuring the Value of Production: GDP

CHAPTER 5 Monitoring Jobs and Inflation

PART THREE

MACROECONOMIC TRENDS

CHAPTER 6 Economic Growth

CHAPTER 7 Finance, Saving, and Investment

CHAPTER 8 Money, the Price Level, and Inflation

CHAPTER 9 The Exchange Rate and the Balance of Payments

PART FOUR

MACROECONOMIC FLUCTUATIONS

CHAPTER 10 Aggregate Supply and Aggregate Demand

CHAPTER 11 Expenditure Multipliers

CHAPTER 12 The Business Cycle, Inflation, and Deflation

PART FIVE

MACROECONOMIC POLICY

CHAPTER 13 Fiscal Policy

CHAPTER 14 Monetary Policy

CHAPTER 15 International Trade Policy