Understanding Macroeconomics

"Understanding Macroeconomics, 14/e, International Edition" reflects current economic conditions, enabling students to apply economic concepts to the world around them.

The up-to-date text includes analysis and explanation of measures of economic activity in today's market. It also includes highlights of the recession of 2008-2009, and an in-depth look at the lives and contributions of notable economists. "Understanding Macroeconomics, 14/e, International Edition" dispels common economic myths. The text uses the "invisible hand" metaphor to explain economic theory, demonstrating how it works to stimulate the economy. The 14th edition includes a robust set of online multimedia learning tools. Tutorials, analyses and quizzes are designed to support classroom work and increase student performance

Part I: THE ECONOMIC WAY OF THINKING.

1. The Economic Approach.

2. Some Tools of the Economist.

Part II: MARKETS AND GOVERNMENT.

3. Supply, Demand, and the Market Process.

4. Supply and Demand: Applications and Extensions.

5. Difficult Cases for the Market, and the Role of Government.

6. The Economics of Collective Decision Making.

Part III: CORE MACROECONOMICS.

7. Taking the Nation's Economic Pulse.

8. Economic Fluctuations, Unemployment, and Inflation.

9. An Introduction to Basic Macroeconomic Markets.

10. Dynamic Change, Economic Fluctuations, and the AD-AS Model.

11. Fiscal Policy: The Keynesian View and Historical Perspective.

12. Fiscal Policy: Incentives, and Secondary Effects.

13. Money and the Banking System. 14. Modern Macroeconomics and Monetary Policy.

15. Stabilization Policy, Output, and Employment.

16. Creating an Environment for Growth and Prosperity.

17. Institutions, Policies, and Cross-Country Differences in Income and Growth.

Part IV: INTERNATIONAL ECONOMICS. 18. Gaining from International Trade.

19. International Finance and the Foreign Exchange Market.

Part V: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. (subject to change)

Special Topic 1 Government Spending and Taxation.

Special Topic 2 The Internet: How Is It Changing the Economy?

Special Topic 3 The Economics of Social Security.

Special Topic 4 The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity.

Special Topic 5 The Crisis of 2008: Causes and Lessons for the Future.

Special Topic 6 Lessons from the Great Depression.

Special Topic 7 Lessons from the Japanese Experience.

Special Topic 8 The Federal Budget and the National Debt.

Appendix A General Business and Economics Indicators for the United States.

Appendix B Answers to Selected Critical Analysis Questions.

250 pages, Paperback

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UNDERSTANDING MACROECONOMICS

GWARTNEY J.D.