Exploring macroeconomics. (2019)

• Record Type: Book
• Further Information: Note: Robert L. Sexton, Pepperdine University.
• Authors: Sexton, Robert L
• Contents: Part I: Introduction; Chapter 1: The Role and Method of Economics; 1.1 Economics: A Brief Introduction; 1.2 Economic Behavior; 1.3 Economic Theories and Models; 1.4 Pitfalls to Avoid in Scientific Thinking; 1.5 Positive Statements and Normative Statements; Chapter 2: Economics: Eight Powerful Ideas; 2.1 Idea 1: People Face Scarcity and Costly Trade-Offs; 2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking; 2.3 Idea 3: People Respond Predictably to Changes in Incentives; 2.4 Idea 4: Sepcialization and Trade Can Make People Better Off; 2.5 Idea 5: Markets Can Improve Economic Efficiency; 2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes; 2.7 Idea 7: Government Policies May Help Stablilize the Economy; 2.8 Idea 8: Increasing Producitivty Leads to Economic Growth; Chapter 3: Scarcity, Trade-Offs, and Production Possibilities; 3.1 The Three Economic Questions Every Society Faces; 3.2 The Circular Flow Model; 3.3 The Production Possibilities Curve; 3.4 Economic Growth and the Production Possibilities Curve; Part II: Supply and Demand; Chapter 4: Demand, Supply, and Market Equilibrium; 4.1 Markets; 4.2 Demand; 4.3 Shifts in the Demand Curve; 4.4 Supply; 4.5 Shifts in the Supply Curve; 4.6 Market Equilibrium Price and Quantity; Chapter 5: Markets in Motion and Price Controls; 5.1 Changes in Market Equilibrium; 5.2 Price Controls; Chapter 6: Elasticities; 6.1 Price Elasticity of Demand; 6.2 Total Revenue and the Price Elasticity of Demand; 6.3 Other Types of Demand Elasticities; 6.4 Price Elasticity of Supply; Part III: Market Efficiency, Market Failure, and the Public System; Chapter 7: Market Efficiency and Welfare; 7.1 Consumer Surplus and Producer Surplus; 7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls; Chapter 8: Market Failure; 8.1 Externalities; 8.2 Public Policy and the Environment; 8.3 Property Rights and the Environment; 8.4 Public Goods; 8.5 Asymmetric Information; Chapter 9: Public Finance and Public Choice; 9.1 Public Finance: Government Spending and Taxation; 9.2 Public Choice; Part IV: Macroeconomic Foundations; Chapter 10: Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations; 10.1 Macroeconomic Goals; 10.2 Employment and Unemployment; 10.3 Types of Unemployment; 10.4 Reasons for Unemployment; 10.5 Inflation; 10.6 Economic Fluctuations; Chapter 11: Measuring Economic Performance; 11.1 National Income Accounting: A Standardized Way to Measure Economic Performance; 11.2 Measuring Total Production; 11.3 Other Measures of Total Production and Total Income; 11.4 Problems in Calculating an Accurate GDP; 11.5 Problems with GDP as a Measure of Economic Welfare; Chapter 12: Economic Growth in the Global Economy; 12.1 Economic Growth; 12.2 Determinants of Economic Growth; 12.3 Public Policy and Economic Growth; 12.4 Population and Economic Growth; Chapter 13: Financial Markets, Saving, and Investment; 13.1 Financial Institutions and Intermediaries; 13.2 Saving, Investment, and the Financial System; 13.3 The Financial Crisis of 2008; Part V: The Macroeconomic Models; Chapter 14: Aggregate Demand and Aggregate Supply; 14.1 The Determinants of Aggregate Demand; 14.2 The Aggregate Demand Curve; 14.3 Shifts in the Aggregate Demand Curve; 14.4 The Aggregate Supply Curve; 14.5 Shifts in the Aggregate Supply Curve; 14.6 Macroeconomic Equilibrium: The Short Run and the Long Run; Chapter 15: The Aggregate Expenditure Model; 15.1 The Simple Aggregate Expenditure Model; 15.2 Finding Equilibrium in the Aggregate Expenditure Model; 15.3 Adding Investment, Government Purchases, and Net Exports; 15.4 Shifts in Aggregate Expenditure and the Multiplier; 15.5 From Aggregate Expenditures to Aggregate Demand; Part VI: Macroeconomic Policy; Chapter 16: Fiscal Policy; 16.1 Fiscal Policy; 16.2 Fiscal Policy and the AD/AS Model; 16.3 The Multiplier Effect; 16.4 Supply-Side Effects of Tax Cuts; 16.5 Possible Obstacles to Effective Fiscal Policy; 16.6 Automatic Stabilizers; 16.7 The National Debt; Chapter 17: Money, Banking, and the Federal Reserve System; 17.1 What is Money?; 17.2 Measuring Money; 17.3 How Banks Create Money; 17.4 The Money Multiplier; 17.5 The Federal Reserve System; 17.6 How Does the Federal Reserve Change the Money Supply?; 17.7 Bank Failures; Chapter 18: Monetary Policy; 18.1 Money, Interest Rates, and Aggregate Demand; 18.2 Expansionary and Contractionary Policy; 18.3 Money and Inflation-The Long Run; 18.4 Problems in Implementing Monetary and Fiscal Policy; Chapter 19: Issues in Macroeconomic Theory and Policy; 19.1 The Phillips Curve; 19.2 The Phillips Curve over Time; 19.3 Rational Expectations; 19.4 Controversies in Macroeconomic Policy; Part VII: The Global Economy; Chapter 20: International Trade; 20.1 The Growth in World Trade; 20.2 Comparative Advantage and Gains From Trade; 20.3 Supply and Demand in International Trade; 20.4 Tariffs, Import Quotas, and Subsidies; Chapter 21: International Finance; 21.1 The Balance of Payments; 21.2 Exchange Rates; 21.3 Equilibrium Changes in the Foreign Exchange Market; 21.4 Flexible Exchange Rates;
• Edition: Eighth Edition
• Publisher Details: Thousand Oaks : SAGE Publications, Inc
• Publication Date: 2019
• Extent: 1 online resource (688 pages)
• Subjects: 339; Macroeconomics
• Languages: English
• ISBNs: 9781544337739; 1544337736
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.