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Description : The Sixth Edition of Macroeconomics: Economic Growth, Fluctuations, and Policy teaches students the basic tools of macroeconomics. In addition to being completely updated and including generous material on growth theory and international economics, the new edition features:
New Students Web Tutorial:
MacroSolve (www.wwnorton.com/web/macrosolve).
The online edition of MacroSolve provides an interactive review of the models developed in the text. Updated with the most recent data, it includes multiple-choice questions to guide students through flash animations. The MacroSolve exercises are integrated with the text through icons in the book’s margin.
Other features of the Macroeconomics package:
• An excellent Study Guide, by Sarah Culver of the University of Alabama at Birmingham and David Papell, is available for student purchase.
• The Instructor’s Manual, revised by David Gillette of Truman State University, includes a Test Item File of roughly 800 questions, which is available in electronic format with the publisher’s test-making program, Norton TestMaker.Contents: Part I - Introduction • Chapter 1: Economic Growth, Fluctuation, and Policty • Macroeconomics and Its Uses • Recent Macroeconomic Performance • Explaining Economic Growth and Fluctuations: A Preview • A Core of Practical Macroeconomics • The Macroeconomic Model Used in This Book • Review and Practice • Chapter 2: Measuring Economic Performace • Gross Domestic Product • Measuring GDP Through Spending • Measuring GDP Through Production: Value Added • Measuring GDP Through Income • Saving and Investment • Transactions with the Rest of the World: The Balance of Payment Accounts and the Exchange Rate • Measuring Inflation • Measuring Exployment and Wages • Review and Practice • Chapter 3: Employment, Job Creation and Job Destruction • Measuring Unemployment • Flows Into and Out of Unemployment • The Natural Unemployment Rate • Unemployment in Recessions and Booms • Analysis of Unemployment in the Framework of Supply and Demand • Review and Practice • Part 3: Economic Growth • Chapter 4: Long-Run Economic Growth • The Determinants of Economic Growth • Full Employment and Potential GDP • Malthusian Stagnation and the Demographic Transition • The Slow Growth Model • Review and Practice • Chapter 5: Technology and Economic Growth • The Growth Accounting Formula • Endogenous Growth Theory • Policies to Stimulate Growth • The Neoclassical Growth Revival • Real Wages and Labor Productivity • Productivity and the New Economy • Review and Practice • Chapter 6: Growth and the World Economy • Convergence • Cross-Country Growth in the Long Run • The Augmented Solow Model • Geography, Institutions, and Growth • Review and Practice • Part 3: Economic Fluctuations • Chapter 7: Short-Run Fluctuations • Forces that Push the Economy Off Its Growth Path • Aggregate Demand and the Spending Decision • The Point of Balance of Income and Spending • Review and Practice • Chapter 8: Financial Market and Aggregate Demand • Investment and the Interest Rate • Net Exports and the Interest Rate • The Demand for and Supply of Money • The IS Curve and the LM Curve • Policy Analysis with IS-LM • The Aggregate Demand Curve • Determination of Output and Unemployment in the Short Run • Review and Practice • Chapter 9: The Economic Fluctuations Model • Price Adjustment • Combining Aggregate Demand and Price Adjustment • Shocks to the Economy • Responding to Aggregate Demand and Price Shocks • Price Shocks • How Fiscal Policy Affects the Shares of Outpur in the Long Run • Money and Inflation in the Long Run • The Classical Dichotomy • Review and Practice • Part 4: Microfoundations of Macroeconomics • Chapter 10: Consumption Demand • Fluctuations in GDP Consumption, and Income • Defects in the Simple Keynesian Consumption Function • The Forward-Looking Theory of Consumption • How Well Does the Forward-Looking Theory Work? • Real Interest Rates, Consumption, and Saving • Consumption the IS Curve • Review and Practice • Chapter 11: Investment Demand • Fluctuations in Investment Spending • How Firms Make Investment Decisions • The Investment Function • Taxes and Investment • Residential Investment • Inventory Investment • Investment Function and the IS Curve • Review and Practice • Chapter 12: Foreign Trade and The Exchange Rate • Foreign Trade and Aggregate Demand • The Exchange Rate • The Determinats of Net Exports • A Model of the Real Exchange Rate • The IS Curve and Economic Policy in an Open Economy • The Exchange Rate and the Price Level • Protectionism Versus Free Trade • Stabilizing the Exchange Rate • Fixed and Floating Exchange Rates in the Long Run • Review and Practice • Chapter 13: Spending, Taxes, and The Budget Deficit • Government Budgets • Fluctuations in the Deficit: Purchases, Transfers and Taxes • The Effect of the Government Deficit • The Governmnet and the IS Curve • Review and Practice • Chapter 14: The Monetary System • Elements of a Monetary System • How the Fed Controls the Money Supply • The Demand for Money: Currency and Checking Deposits • How the Fed Conducts Monetary Policy • Lags in the Effect of Monetary Policy • Review and Practice • Chapter 15: The Microeconomic Foundations of Price Rigidity • The Imperfect Information Theory • Sticky Prices and Nominal Wage Contracts • A Model with Staggered Wage Setting • Price Adjustment • Review and Practice • Part 5: Macroeconomic Policy • Chapter 16: The Macroeconomic Policy Model • Monetary Policy Rules • The Macroeconomic Policy Model • Macroeconomic Policy Scenarios • Experience with Inflation and Output in the United States • Macroeconomic Performance of the United States • Review and Practice • Chapter 17: The New Normative Macroeconomics • General Principles of Macro Policy Analysis • Instruments, Targets, and Uncertainty • The Benefits of Full Employment and Price Stability • The Policy Trade-Off Between Inflation and Output Fluctuations • Changing the Policy Frontier • Review and Practice • Chapter 18: Macroeconomic Policy in the World Economy • The International Financial and Monetary System • History of the World Financial and Monetary System • Monetary Policy Rules in the World Economy • Macroeconomic Performance in Japan • Review and Practice • IndexISBN - 9788130908670
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Pages : 572
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