Modern Principles: Macroeconomics

Description

In a world full of economics blogs, Cowen and Tabarrok’s Marginal Revolution (marginalrevolution.com) ranks is one of the Web’s most popular and most respected. The same qualities that make the blog so distinctive are also behind the success Modern Principles of Economics—engaging authors, unbiased presentations of essential ideas, and a knack for revealing the “invisible hand” of economics at work.  The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life. Content: The Big Ideas The Power of Trade and Comparative Advantage PART I: SUPPLY AND DEMAND Supply and Demand Equilibrium: How Supply and Demand Determine Prices Price Ceilings and Price Floors PART II: ECONOMIC GROWTH GDP and The Measurement of Progress The Wealth of Nations and Economic Growth Appendix: The Magic of Compound Growth: Using a Spreadsheet Growth, Capital Accumulation and the Economics of Ideas: Catching Up vs. The Cutting Edge Appendix: Excellent Growth Savings, Investment, and the Financial System Appendix: Bond Pricing and Arbitrage Stock Markets and Personal Finance PART III: BUSINESS FLUCTUATIONS Unemployment and Labor Force Participation Inflation and the Quantity Theory of Money Appendix: Get Real! An Excellent Adventure Business Fluctuations: Aggregate Demand and Supply Transmission and Amplification Mechanisms Appendix: Business Fluctuations and the Solow Model PART IV: MACROECONOMIC POLICY AND INSTITUTIONS The Federal Reserve System and Open Market Operations Appendix: The Money Multiplier Process in Detail Monetary Policy The Federal Budget: Taxes and Spending Fiscal Policy PART V: INTERNATIONAL ECONOMICS International Trade International Finance Political Economy and Public Choice