Macroeconomics

Table of contents: Part 1: What Is Economics? Introduction An Engine for Growth and Discovery Chapter 1 First Principles Chapter 2 Economic Models: Trade-offs and Trade Appendix: Graphs in Economics Part 2: Supply and Demand Chapter 3 Supply and Demand Chapter 4 Price Controls and Quotas: Meddling with Markets Chapter 5 International Trade Appendix: Consumer and Producer surplus Part 3: Introduction to Macroeconomics Chapter 6 Macroeconomics: The Big Picture Chapter 7 GDP and CPI: Tracking the Macroeconomy Chapter 8 Unemployment and Inflation Part 4: Long-Run Economic Growth Chapter 9 Long-Run Economic Growth Chapter 10 Savings, Investment Spending, and the Financial System Appendix: Toward a Fuller Understanding of Present Value Part 5: Short-Run Economic Foundations Chapter 11 Income and Expenditure Appendix: Deriving the Multiplier Algebraically Chapter 12 Aggregate Demand and Aggregate Supply Part 6: Stablization Policy Chapter 13 Fiscal Policy Appendix: Taxes and the Multiplier Chapter 14 Money, Banking and the Federal Reserve System Chapter 15 Monetary Policy Appendix: Reconciling the Two Models of Interest Rate Chapter 16 Inflation, Disinflation, and Deflation Part 7: Events and Ideas Chapter 17 Macroeconomics: Events and Ideas Part 8: The International Economy Chapter 18 International Macroeconomics Macroeconomic Data Tables

In this best-selling introductory textbook, author's signature storytelling style and uncanny eye for revealing examples will help you understand how economic concepts play out in our world. The new edition has been revised and enhanced throughout, including incisive new looks at long-run growth and at market power, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic.