Book Description

Original Release Date: December 2022. Color Print. Principles of Macroeconomics 3e covers the scope and sequence of most one-semester introductory macroeconomics courses. The third edition takes a balanced approach to the theory and application of macroeconomics concepts. The text uses conversational language and ample illustrations to explore economic theories and provides a wide array of examples using both fictional and real-world scenarios. The third edition has been carefully and thoroughly updated to reflect current data and understanding, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. Brief references and deeply explored socio-political examples have also been updated to showcase the critical - and sometimes unnoticed - ties between economic developments and topics relevant to students. A fuller list of changes made in Principles of Macroeconomics 3e are described in the preface. Table of Contents Chapter 1: Welcome to Economics! Chapter 2: Choice in a World of Scarcity Chapter 3: Demand and Supply Chapter 4: Labor and Financial Markets Chapter 5: Elasticity Chapter 6: The Macroeconomic Perspective Chapter 7: Economic Growth Chapter 8: Unemployment Chapter 9: Inflation Chapter 10: The International Trade and Capital Flows Chapter 11: The Aggregate Demand/Aggregate Supply Model Chapter 12: The Keynesian Perspective Chapter 13: The Neoclassical Perspective Chapter 14: Money and Banking Chapter 15: Monetary Policy and Bank Regulation Chapter 16: Exchange Rates and International Capital Flows Chapter 17: Government Budgets and Fiscal Policy Chapter 18: The Impacts of Government Borrowing Chapter 19: Macroeconomic Policy Around the World Chapter 20: International Trade Chapter 21: Globalization and Protectionism