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Macroeconomics » (18th Edition)

Book cover image of Macroeconomics by Campbell R. McConnell

Authors: Campbell R. McConnell
ISBN-13: 9780073365947, ISBN-10: 0073365947
Format: Paperback
Publisher: McGraw-Hill Companies, The
Date Published: November 2008
Edition: 18th Edition

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Author Biography: Campbell R. McConnell

Book Synopsis

Macroeconomics is an integrated knowledge-building tool that is both concise and comprehensive. A 240-minute DVD explains macroeconomics in entertaining, easy-to-follow fashion, while well-designed Web interfaces help you to place the material into the real world. Professionals looking to learn more are shown both sides of each argument, then given the information they need to make informed choices on how macroeconomic factors impact society.

Table of Contents

Preface
Contributors
To the Student
1The Nature and Method of Economics1
2The Economizing Problem21
3Understanding Individual Markets: Demand and Supply39
4Pure Capitalism and the Market System58
5The Mixed Economy: Private and Public Sectors74
6The United States in the Global Economy96
7Measuring Domestic Output, National Income, and the Price Level119
8Macroeconomic Instability: Unemployment and Inflation143
9Building the Aggregate Expenditures Model166
10Aggregate Expenditures: The Multiplier, Net Exports, and Government191
11Aggregate Demand and Aggregate Supply213
12Fiscal Policy234
13Money and Banking253
14How Banks Create Money276
15The Federal Reserve Banks and Monetary Policy293
16Alternative Views on Macro Theory and Policy317
17The Inflation-Unemployment Relationship338
18Budget Deficits and the Public Debt362
19Economic Growth379
20International Trade399
21Exchange Rates, the Balance of Payments, and Trade Deficits423
22Growth and the Less Developed Countries450
23Russia: An Economy in Transition473
Answers to Key QuestionsA-1
GlossaryG-1
IndexI-1

Subjects