Principles of MacroeconomicsThomson Pub., 2005 - 501 pages This newly updated edition of a highly regarded the principles of macroeconomics text provides your students with the most up-to-date information available. Cases, tables, data, and more were updated to reflect 2003 data. The text also has a four-color internal and full supplement package that complements the text?s superb conversational style, which engages students like none other. Principles of Macroeconomics, 4e represents the results Fred Gottheil?s career as an outstanding professor and author. This edition is maintains the proven structure and style of previous editions while updating content to make it even more valuable to professors and students alike. The author continues to use familiar stories, illustrations, scenarios, and a direct-to-student writing style to appeal to students' interests. The narrative is built around questions, which cut the distance between the student and the unfamiliar concepts of economics. Instead of covering hundreds of topics superficially, the book presents basic concepts in depth and develops economic analysis step-by-step. The result?learning economics becomes relative, interactive and appealing versus mere passive course participation. |
Contents
THE BASICS OF ECONOMIC ANALYSIS | 1 |
INTRODUCTION | 2 |
THE FEDERAL RESERVE SYSTEM | 12 |
Copyright | |
41 other sections not shown
Common terms and phrases
$80 billion aggregate demand curve aggregate expenditure aggregate supply curve autonomous consumption bank business cycle ceteris paribus check your understanding consumption curve consumption function consumption spending countercyclical create Crusoe decrease demand and aggregate demand and supply deposits economic growth economists economy's equilibrium level equilibrium price example factors fall Federal Reserve firms fiscal policy fishermen full employment GDP deflator GOTTHEIL government spending graph higher households income hypothesis income multiplier intended investment interest rate inventories Keynesian labor less level of national loans long run marginal propensity measure ment money supply national income nominal GDP opportunity cost panel payments percent Phillips curve price and quantity price level produce production possibilities curve propensity to consume quantity demanded quantity supplied rate of unemployment real GDP recession recessionary gap saving sell slope sumption suppliers Suppose table in Exhibit taxes tion trillion units of capital wages workers