Principles of MacroeconomicsBring the study of economics to life with Principles of Macroeconomics, 5th edition. Award-winning educator and author Fred Gottheil speaks directly to student experience through a conversational writing style and narrative that uses stories, familiar examples, engaging scenarios, and relevant examples from literature emphasizing that economic principles can be found in all aspects of modern life. The text focuses on the key questions and presents the basic concepts-developing economic analysis step-by-step. The result is a more interactive and enjoyable learning experience when compared to the pedantic approaches often found in texts. Each chapter in the fifth edition has been thoroughly revised to reflect the most relevant data and also emerging and critical issues such as the issues of Iraq, terrorism, Katrina, China, and more. We invite you to see for yourself how Fred Gottheil's approach will help to shorten the distance between students and the exciting study of economics. |
Contents
THE BASICS OF ECONOMIC ANALYSIS | 1 |
INTRODUCTION | 2 |
Using Economic Models | 7 |
Copyright | |
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Common terms and phrases
aggregate demand aggregate demand curve aggregate expenditure aggregate supply aggregate supply curve assets borrow budget business cycle capital Chapter consumption spending countercyclical create Crusoe currency debt decrease deficit demand deposits earned economic growth economists economy's equilibrium level equilibrium price example exchange rate exports fall Fed's federal funds rate Federal Reserve firms fiscal policy fish foreign full employment funds GOTTHEIL government spending graph higher households income hypothesis income multiplier increase intended investment interest rate Keynesian labor LDCs less level of national loans marginal propensity ment money supply national income opportunity cost panel payments percent Phillips curve price level produce production possibilities curve propensity to consume quantity demanded quantity supplied rate of inflation rate of unemployment real GDP recessionary gap reserve requirement saving sell shift Social Security suppliers supply curve Suppose U.S. dollars United workers yaps