Macroeconomics: Principles and Policy, 11th Edition

This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application allowing you to relate the materials to your everyday life.

Table of Contents

PART 1 GETTING ACQUAINTED WITH ECONOMICS
Chapter 1 What Is Economics?
Chapter 2 The Economy: Myth and Reality
Chapter 3 The Fundamental Economic Problem: Scarcity and Choice
Chapter 4 Supply and Demand: An Initial Look

PART 2 THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND
Chapter 5 An Introduction to Macroeconomics
Chapter 6 The Goals of Macroeconomic Policy
Chapter 7 Economic Growth: Theory and Policy
Chapter 8 Aggregate Demand and the Powerful Consumer
Chapter 9 Demand-Side Equilibrium: Unemployment or Inflation?
Chapter 10 Bringing in the Supply-Side: Unemployment and Inflation?

PART 3 FISCAL AND MONETARY POLICY
Chapter 11 Managing Aggregate Demand: Fiscal Policy
Chapter 12 Money and the Banking System
Chapter 13 Managing Aggregate Demand: Monetary Policy
Chapter 14 The Debate over Monetary and Fiscal Policy
Chapter 15 Budget Deficits in the short and long run
Chapter 16 The Trade-Off Between Inflation and Unemployment

PART 4 THE UNITED STATES IN THE WORLD ECONOMY
Chapter 17 International Trade and Comparative Advantage
Chapter 18 The International Monetary System: Order or Disorder?
Chapter 19 Exchange Rates and the Macroeconomy