Macroeconomics for Today Book

PART I: INTRODUCTION TO ECONOMICS. 1. Introducing the Economic Way of Thinking. Appendix: Applying Graphs to Economics. 2. Production Possibilities, Opportunity Cost, and Economic Growth. PART II: MICROECONOMIC FUNDAMENTALS. 3. Market Demand and Supply. Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency. 4. Markets in Action. Appendix: Applying Supply and Demand Analysis to Health Care. PART III: MACROECONOMIC FUNDAMENTALS. 5. Gross Domestic Product. Appendix: A Four-Sector Circular Flow Model. 6. Business Cycles and Unemployment. 7. Inflation. PART IV: MACROECONOMIC THEORY AND POLICY. 8. The Keynesian Model. 9. The Keynesian Model in Action. 10. Aggregate Demand and Supply. Appendix: The Self-Correcting Aggregate Demand and Supply Model. 11. Fiscal Policy. 12. The Public Sector. 13. Federal Deficits, Surpluses, and the National Debt. PART V: MONEY, BANKING, AND MONETARY POLICY 14. Money and the Federal Reserve System. 15. Money Creation. 16. Monetary Policy. Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model. 17. The Phillips Curve and Expectations Theory. PART VI: THE INTERNATIONAL ECONOMY. 18. International Trade and Finance. 19. Economies in Transition. 20. Growth and the Less-Developed Countries. Appendix A Answers to Odd-Numbered Study Questions and Problems. Appendix B Answers to Practice Quizzes. Appendix C Answers to Road Map Questions.