Macroeconomics: Principles, Applications, and Tools, 8th Edition

For Principles of Macroeconomics courses. Macroeconomics: Principles, Applications, and Tools, is also suitable for economists, financial analysts and other finance professionals.

Questions that drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension.

Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O’Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.

Table of Contents

PART 1 Introduction and Key Principles
Chapter 1 Introduction: What Is Economics?
Chapter 2 The Key Principles of Economics
Chapter 3 Exchange and Markets
Chapter 4 Demand, Supply, and Market Equilibrium

PART 2 The Basic Concepts in Macroeconomics
Chapter 5 Measuring a Nation’s Production and Income
Chapter 6 Unemployment and Inflation

PART 3 The Economy in the Long Run
Chapter 7 The Economy at Full Employment
Chapter 8 Why Do Economies Grow?

PART 4 Economic Fluctuations and Fiscal Policy
Chapter 9 Aggregate Demand and Aggregate Supply
Chapter 10 Fiscal Policy
Chapter 11 The Income-Expenditure Model
Chapter 12 Investment and Financial Markets

PART 5 Money, Banking, and Monetary Policy
Chapter 13 Money and the Banking System
Chapter 14 The Federal Reserve and Monetary Policy

PART 6 Inflation, Unemployment, and Economic Policy
Chapter 15 Modern Macroeconomics: From the Short Run to the Long Run
Chapter 16 The Dynamics of Inflation and Unemployment
Chapter 17 Macroeconomic Policy Debates

PART 7 The International Economy
Chapter 18 International Trade and Public Policy
Chapter 19 The World of International Finance