Macroeconomics
For courses in intermediate macroeconomics. Demonstrating a balanced treatment of both classical and Keynesian economics, Macroecomomics presents macroeconomic theory in a big-picture way. Comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi, and the text h...
| Otros Autores: | , , |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Harlow, England :
Pearson
[2021]
|
| Edición: | Tenth, global edition |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009626457606719 |
Tabla de Contenidos:
- Front Cover
- Title Page
- Copyright Page
- About the Authors
- Brief Contents
- Detailed Contents
- Applying Macroeconomics to the Real World
- Symbols Used in This Book
- Preface
- Part 1 Introduction
- Chapter 1 Introduction to Macroeconomics
- 1.1 What Macroeconomics Is About
- Long-Run Economic Growth
- Business Cycles
- Unemployment
- Inflation
- The International Economy
- Macroeconomic Policy
- Aggregation
- 1.2 What Macroeconomists Do
- Macroeconomic Forecasting
- Macroeconomic Analysis
- Macroeconomic Research
- Data Development
- In Touch with Data and Research: Developing and Testing an Economic Theory
- 1.3 Why Macroeconomists Disagree
- Classicals Versus Keynesians
- A Unified Approach to Macroeconomics
- Chapter 2 The Measurement and Structure of the National Economy
- 2.1 National Income Accounting: The Measurement of Production, Income, and Expenditure
- In Touch with Data and Research: The National Income and Product Accounts in Malaysia
- Why the Three Approaches Are Equivalent
- 2.2 Gross Domestic Product
- The Product Approach to Measuring GDP
- In Touch with Data and Research: Natural Resources, the Environment, and the National Income Accounts
- The Expenditure Approach to Measuring Gdp
- The Income Approach to Measuring GDP
- 2.3 Saving and Wealth
- Measures of Aggregate Saving
- The Uses of Private Saving
- Relating Saving and Wealth
- 2.4 Real GDP, Price Indexes, and Inflation
- Real GDP
- Price Indexes
- In Touch with Data and Research: The Computer Revolution and Chain-Weighted GDP
- In Touch with Data and Research: CPI Inflation Versus Core Inflation
- Application The Federal Reserve's Preferred Inflation Measures
- 2.5 Interest Rates
- Part 2 Long-Run Economic Performance
- Chapter 3 Productivity, Output, and Employment.
- 3.1 How Much Does the Economy Produce? the Production Function
- Application The Production Function and Changes of Productivity in the European Union
- The Shape of the Production Function
- The Marginal Product of Capital
- The Marginal Product of Labor
- Supply Shocks
- 3.2 The Demand for Labor
- The Marginal Product of Labor and Labor Demand: An Example
- A Change in the Wage
- The Marginal Product of Labor and the Labor Demand Curve
- Factors That Shift the Labor Demand Curve
- Aggregate Labor Demand
- 3.3 The Supply of Labor
- The Income-Leisure Trade-off
- Real Wages and Labor Supply
- Application How Big Is the Gig Economy?
- The Labor Supply Curve
- Aggregate Labor Supply
- 3.4 Labor Market Equilibrium
- Full-Employment Output
- Application Output, Employment, and the Real Wage During Oil Price Shocks
- 3.5 Unemployment
- Measuring Unemployment
- Changes in Employment Status
- In Touch with Data and Research: Labor Market Data in Kazakhstan
- Application Unemployment During the European Debt Crisis
- How Long Are People Unemployed?
- Why There Always Are Unemployed People
- In Touch with Data and Research: Alternative Measures of Unemployment Rate
- Application Recent Trends in Labor Supply
- 3.6 Relating Output and Unemployment: Okun's Law
- Appendix 3.A The Growth Rate Form of Okun's Law
- Chapter 4 Consumption, Saving, and Investment
- 4.1 Consumption and Saving
- The Consumption and Saving Decision of an Individual
- Effect of Changes in Current Income
- Effect of Changes in Expected Future Income
- Application The Idiosyncrasy of Singapore's Aggregate Consumption
- Effect of Changes in Wealth
- Effect of Changes in the Real Interest Rate
- Fiscal Policy
- In Touch with Data and Research: Interest Rates
- Application How Investors Respond to Tax Incentives
- 4.2 Investment.
- The Desired Capital Stock
- Changes in the Desired Capital Stock
- Application Measuring the Effects of Taxes on Investment
- From the Desired Capital Stock to Investment
- Investment in Inventories and Housing
- In Touch with Data and Research: Investment and the Stock Market
- 4.3 Goods Market Equilibrium
- The Saving-Investment Diagram
- Application Macroeconomic Consequences of the Boom and Bust in Stock Prices
- Appendix 4.A A Formal Model of Consumption and Saving
- Chapter 5 Saving and Investment in the Open Economy
- 5.1 Balance of Payments Accounting
- The Current Account
- In Touch with Data and Research: The Balance of Payments Accounts in Malaysia
- Application Current Account Balance and Trade Openness Around the World
- The Financial Account
- The Relationship Between the Current Account and the Financial Account
- Net Foreign Assets and the Balance of Payments Accounts
- Application The United States as an International Debtor
- 5.2 Goods Market Equilibrium in an Open Economy
- 5.3 Saving and Investment in a Small Open Economy
- The Effects of Economic Shocks in a Small Open Economy
- 5.4 Saving and Investment in Large Open Economies
- Application The Impact of Globalization on the U.S. Economy
- Application Recent Trends in the U.S. Current Account Deficit
- 5.5 Fiscal Policy and the Current Account
- The Critical Factor: The Response of National Saving
- The Government Budget Deficit and National Saving
- Application The Twin Deficits
- Chapter 6 Long-Run Economic Growth
- 6.1 The Sources of Economic Growth
- Growth Accounting
- Application Waves of Productivity Growth over Time
- Application The Rebound in U.S. Productivity Growth
- 6.2 Long-Run Growth: The Solow Model
- Setup of the Solow Model
- The Fundamental Determinants of Long-run Living Standards.
- Economic Models, Endogenous Variables, and Exogenous Variables
- Application The Growth of Emerging Economies
- 6.3 Endogenous Growth Theory
- 6.4 Government Policies to Raise Long-Run Living Standards
- Policies to Affect the Saving Rate
- Policies to Raise the Rate of Productivity Growth
- Application The Changing Distribution of Income in the United States
- Chapter 7 The Asset Market, Money, and Prices
- 7.1 What Is Money?
- In Touch with Data and Research: Money in a Prisoner-of-War Camp
- The Functions of Money
- In Touch with Data and Research: Monetary Aggregates in the United Kingdom
- In Touch with Data and Research: The Effect of Dollarization on the United States and Other Nations
- 7.2 Portfolio Allocation and the Demand for Assets
- Expected Return
- Risk
- Liquidity
- Time to Maturity
- Types of Assets and Their Characteristics
- In Touch with Data and Research: The Housing Crisis of 2007 to 2011
- Asset Demands
- 7.3 The Demand for Money
- The Price Level
- Real Income
- Interest Rates
- The Money Demand Function
- Other Factors Affecting Money Demand
- Application Bitcoin and Cryptocurrencies
- Velocity and the Quantity Theory of Money
- 7.4 Asset Market Equilibrium
- Asset Market Equilibrium: an Aggregation Assumption
- The Asset Market Equilibrium Condition
- 7.5 Money Growth and Inflation
- Application Money Growth and Inflation in European Countries in Transition
- The Inflation Rate and the Nominal Interest Rate
- Application Inflation Expectations and Linkers
- Part 3 Business Cycles and Macroeconomic Policy
- Chapter 8 Business Cycles
- 8.1 What Is a Business Cycle?
- 8.2 The American Business Cycle: The Historical Record
- The Pre-World War I Period
- The Great Depression and World War II
- Post-World War II U.S. Business Cycles
- The "Long Boom"
- The Great Recession.
- Have American Business Cycles Become Less Severe?
- Application Do Economic Expansions Die of Old Age?
- 8.3 Business Cycle Facts
- The Cyclical Behavior of Economic Variables: Direction and Timing
- Production
- Expenditure
- Employment and Unemployment
- Application The Job Finding Rate and the Job Loss Rate
- Average Labor Productivity and the Real Wage
- Money Growth and Inflation
- Financial Variables
- International Aspects of the Business Cycle
- In Touch with Data and Research: Coincident and Leading Indexes
- 8.4 Business Cycle Analysis: A Preview
- In Touch with Data and Research: The Seasonal Cycle and the Business Cycle
- Aggregate Demand and Aggregate Supply: A Brief Introduction
- Chapter 9 The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
- 9.1 The FE Line: Equilibrium in the Labor Market
- Factors That Shift the FE Line
- 9.2 The IS Curve: Equilibrium in the Goods Market
- Factors That Shift the IS Curve
- 9.3 The LM Curve: Asset Market Equilibrium
- The Interest Rate and the Price of a Nonmonetary Asset
- The Equality of Money Demanded and Money Supplied
- Factors That Shift the LM Curve
- 9.4 General Equilibrium in the Complete IS-LM Model
- Applying the IS-LM Framework: A Temporary Adverse Supply Shock
- Application The Oil Price Shock of 2008
- In Touch with Data and Research: Econometric Models and Macroeconomic Forecasts for Monetary Policy Analysis
- 9.5 Price Adjustment and the Attainment of General Equilibrium
- The Effects of a Monetary Expansion
- Classical Versus Keynesian Versions of the IS-LM Model
- 9.6 Aggregate Demand and Aggregate Supply
- The Aggregate Demand Curve
- The Aggregate Supply Curve
- Equilibrium in the AD-AS Model
- Monetary Neutrality in the AD-AS Model
- Appendix 9.A Worked-Out Numerical Exercise for Solving the IS-LM/AD-AS Model.
- Appendix 9.B Algebraic Versions of the IS-LM/AD-AS Model.
