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Macroeconomics: Theory and Applications
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ISBN
:
9788131511138
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Publisher
:
South Western
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Subject
:
Business & Management
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Binding
:
Paperback
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Pages
:
388
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Year
:
2009
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325.0
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308.0
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Description
The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Key Feature There is expanded coverage on developing economies (China and India), as well as coverage on outsourcing. The book provides analysis of human capital's impact on economic growth, including a discussion on minimum wage and household protection. Table of Contents Part I: Getting Acquainted with Economics 1. What Is Economics? 2. The Economy: Myth and Reality. 3. The Fundamental Economic Problem: Scarcity and Choice. 4. Supply and Demand: An Initial Look. Part II: The Macroeconomy: Aggregate Demand and Supply 5. An Introduction to Macroeconomics 6 The Goals of Macroeconomic Policy 7. Economic Growth: Theory and Policy 8. Aggregate Demand and the Powerful Consumer 9. Demand-Side Equilibrium: Unemployment or Inflation? 10. Bringing in the Supply Side: Unemployment and Inflation? Part III: Fiscal and Monetary Policy 11. Managing Aggregate Demand: Fiscal Policy 12. Money and the Banking System 13. Managing Aggregate Demand: Monetary Policy 14. The Debate Over Monetary and Fiscal Policy 15. Budget Deficits in the Short and Long Run 16. The Trade-off between Inflation and Unemployment Part IV: The world economy 17. Exchange Rates and the Macroeconomy 18. International Trade and Comparative Advantage 19. The International Monetary System: Order or Disorder? Index
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