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Economics with real world business examples and applications.
With changing economic realities students need to see economic principles in action combined with diverse real-world business and policy examples to help illustrate the concepts.
This edition of Macroeconomics continues to present economics in the context of local and international real-world businesses and real-world policy debates that have proved effective for teaching and learning.
When combined with MyLab Economics the package promotes the practical application of learning, development of analytical skills and shows how economic concepts are applied to the real world.
PART 1 INTRODUCTION
Chapter 1 Economics: foundations and models
Appendix Using graphs and formulas
Chapter 2 Choices and trade-offs in the market
PART 2 HOW THE MARKET WORKS
Chapter 3 Where prices come from: the interaction of demand and supply
PART 3 MACROECONOMIC FOUNDATIONS AND ECONOMIC GROWTH
Chapter 4 GDP: measuring total production, income and economic growth
Chapter 5 Economic growth, the financial system and business cycles
Chapter 6 Long-run economic growth: sources and policies
PART 4 UNEMPLOYMENT AND INFLATION
Chapter 7 Unemployment
Chapter 8 Inflation
PART 5 SHORT-RUN FLUCTUATIONS
Chapter 9 Aggregate expenditure and output in the short run
Appendix The algebra of macroeconomic equilibrium
Chapter 10 Aggregate demand and aggregate supply analysis
Appendix Macroeconomic schools of thought
PART 6 MONETARY AND FISCAL POLICY
Chapter 11 Money, banks and the Reserve Bank of Australia
Chapter 12 Monetary policy
Chapter 13 Fiscal policy
Appendix 1 Is there a short-run trade-off between unemployment and inflation?
Appendix 2 A closer look at the multiplier
PART 7 THE INTERNATIONAL ECONOMY
Chapter 14 Macroeconomics in an open economy
Chapter 15 The international financial system
Appendix The gold standard and the Bretton Woods System
ISBN: 9781488612527 ISBN-10: 1488612528 Audience:
Tertiary; University or College
Published: 11th September 2017 Publisher: Pearson Education Australia Country of Publication: AU Edition Number: 4 Edition Type: Revised