Macroeconomics, Global Edition

Series
Pearson
Author
Andrew B. Abel / Ben Bernanke / Dean Croushore  
Publisher
Pearson
Cover
Softcover
Edition
10
Language
English
Total pages
688
Pub.-date
March 2020
ISBN13
9781292318615
ISBN
1292318619
Related Titles



Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

 

For courses in intermediate macroeconomics.

 

A unified approach to economic theory

Demonstrating a balanced treatment of both classical and Keynesian economics, Macroecomomics presents macroeconomic theory in a big-picture way. Comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi, and the text helps students analyze real macroeconomic data used by policy makers and researchers. This text takes a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions. The 10th Edition features new applications, boxes, and problems throughout. It also reflects recent events and developments in the field, such as the recent crisis in the US and Europe and the many new tools used by the Federal Reserve in response.

 

Pearson MyLab Economics is not included. Students, if Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

Reach every student by pairing this text with Pearson MyLab Economics

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

 

 

Features

A targeted approach focuses students’ learning

·    Updated - A unified framework uses a single model, built from a set of core economic ideas (i.e., the production function, the trade-off between consuming today and saving for tomorrow, and supply–demand analysis), to introduce macroeconomic theories and concepts.

·    Updated - A balanced presentation of both classical and Keynesian economics allows students to see the complete picture of economic theory, and allows flexibility for professors to teach the course their way.

 

Features make students aware of their career options and help to develop their employability skills

·    New - Lively coverage of a broad spectrum of macroeconomic issues and ideas such as the determinants of long-run economic growth, the trade balance and financial flows, labor markets, and the institutional framework of policy making, ensures students are up-to-date on economic practices and events.

·    Real­-world applications connect theory to practice, including:

o   New and Updated - Applications show students how theory is used to understand real­-world macroeconomic phenomena across the world.

o   Working with Economic Data empirical problems direct students to appropriate data from economies of different sizes around the globe, using the Federal Reserve Bank of St. Louis’ FRED™ database, so they can develop familiarity and facility with a current data source that they’ll continue to use after completing the course.

o   Updated - In Touch with Data and Research boxes include latest research and studies being conducted in different countries and ask students to find and interpret macroeconomic data, like economists would in their careers.

 

Learning aids enhance students’ understanding

·    Learning tools for students aid comprehension and application. Key diagrams in each chapter help students identify the most critical ideas, while extensive end­-of­-chapter problem sets help to reinforce learning.

·    A series of full color graphs illustrate the historical movements of key economic variables.

 

 

Pearson MyLab™ Economics is not included. Students, if Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

·    Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.

o   New - Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place — even when offline. Seamlessly integrated videos and other rich media engage students and give them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

·    Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need — when and where they need it — to be successful.

·    Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust — and that keep your students engaged.

·    Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

 

New to this Edition

A targeted approach focuses students’ learning

·    A unified framework uses a single model, built from a set of core economic ideas (i.e., the production function, the trade-off between consuming today and saving for tomorrow, and supply—demand analysis), to introduce macroeconomic theories and concepts.

·    A balanced presentation of both classical and Keynesian economics allows students to see the complete picture of economic theory, and allows flexibility for professors to teach the course their way.

 

Features make students aware of their career options and help to develop their employability skills

·    Lively coverage of a broad spectrum of macroeconomic issues and ideas such as the determinants of long-run economic growth, the trade balance and financial flows, labor markets, and the institutional framework of policy making, ensures students are up-to-date on economic practices and events.

·    Real­-world applications connect theory to practice, including:

o   New and Updated - Applications show students how theory is used to understand real­-world macroeconomic phenomena across the world.

o   Working with Economic Data empirical problems direct students to appropriate data from economies of different sizes around the globe, using the Federal Reserve Bank of St. Louis’ FRED™ database, so they can develop familiarity and facility with a current data source that they’ll continue to use after completing the course.

o   Updated - In Touch with Data and Research boxes include latest research and studies being conducted in different countries and ask students to find and interpret macroeconomic data, like economists would in their careers.

 

 

 

Pearson MyLab™ Economics is not included. Students, if Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

·    Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place — even when offline. Seamlessly integrated videos and other rich media engage students and give them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

Table of Contents

PART 1: INTRODUCTION

1. Introduction to Macroeconomics

2. The Measurement and Structure of the National Economy

 

PART 2: LONG-RUN ECONOMIC PERFORMANCE

3. Productivity, Output, and Employment

4. Consumption, Saving, and Investment

5. Saving and Investment in the Open Economy

6. Long-Run Economic Growth

7. The Asset Market, Money, and Prices

 

PART 3: BUSINESS CYCLES AND MACROECONOMIC POLICY

8. Business Cycles

9. The IS–LM/AD–AS Model: A General Framework for Macroeconomic Analysis

10. Classical Business Cycle Analysis: Market-Clearing Macroeconomics

11. Keynesianism: The Macroeconomics of Wage and Price Rigidity

 

PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS

12. Unemployment and Inflation

13. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy

14. Monetary Policy and the Federal Reserve System

15. Government Spending and Its Financing

 

Appendix A: Some Useful Analytical Tools