Exploring Macroeconomics » (5th Edition)

A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released ESSENTIALS OF ECONOMICS published by South-Western/Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.

In this text for a one-semester macroeconomics course, economic ideas are presented in short, self-contained units. Each chapter comprises six to eight smaller sections presented in two to eight pages, containing application boxes, definitions, and photos and cartoons for the topic. Each section begins with preview questions and ends with a summary and short review questions. Other pedagogical features include boxes on current events and international issues. This second edition contains new links to Web sites, as well as new material on elasticities and welfare economics. This text is an alternate version of the author's Exploring Economics, Second Edition. Sexton teaches economics at Pepperdine University.

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Module 1: FUNDAMENTALS I. 1: The Role And Method Of Economics. 2: The Economic Way Of Thinking. 3: Scarcity, Trade-Offs, And Economic Growth. 4: Supply And Demand. 5: Bringing Supply And Demand Together. Module 2: FUNDAMENTALS 2. 6: Elasticities. 7: Market Efficiency And Welfare. 8: Market Failure. 9: Public Sector And Public Choice. Module 6: THE LONG RUN AND SHORT RUN. 21 Unemployment, Inflation And Economic Fluctuations. 22 Measuring A Nation's Production, Income And Spending. 23 The Economy At Full Employment. 24 Economic Growth In The Global Economy. 25 Aggregate Supply And Aggregate Demand. 26 The Aggregate Expenditure Model. Module 7: MONETARY & FISCAL POLICY. 27 Monetary Institutions. 28 The Federal Reserve System And Monetary Policy. 29 Fiscal Policy. 30 Expectations And The Phillips Curve. Module 8: INTERNATIONAL TRADE & FINANCE. 31 International Trade. 32 International Finance.