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Macroeconomics, 7/e

Macroeconomics, 7/e

Author(s):
  • Andrew B. Abel
  • Ben S. Bernanke
  • Dean Croushore
    • Author: Andrew B. Abel
    • ISBN:9788131759295
    • Price: Rs. 499.00
    • Pages:672
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available


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    Abel and Bernanke present macroeconomic theory in a way that prepares students to analyze real macroeconomic data used by policy makers and researchers. With a balanced treatment of both classical and Keynesian economics, the comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi.

    Students in this course often struggle to see how the macroeconomic models compare to one another, and fit into the big picture. This text uses a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions.

    Table of Content

    PART 1 INTRODUCTION
    1. Introduction to Macroeconomics
    2. The Measurement and Structure of the National Economy
    PART 2 LONG-RUN ECONOMIC PERFORMANCE
    1. Productivity, Output, and Employment
    2. Consumption, Saving, and Investment
    3. Saving and Investment in the Open Economy
    4. Long-Run Economic Growth
    5. The Asset Market, Money, and Prices
    PART 3 BUSINESS CYCLES AND MACROECONOMIC POLICY
    1. Business Cycles
    2. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
    3. Classical Business Cycle Analysis: Market-Clearing Macroeconomics
    4. Keynesianism: The Macroeconomics of Wage and Price Rigidity
    PART 4 MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS
    1. Unemployment and Inflation
    2. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
    3. Monetary Policy and the Federal Reserve System
    4. Government Spending and Its Financing

    Salient Features

    • Coverage of inflation and monetary policy reflects the latest work by researchers and the Federal Reserve.
    • A unified framework uses a single model, built from a set of core economic ideas, to introduce the macroeconomic theories and concepts.
    • Real-world applications connect theory to practice, helping students make active use of the economic ideas in the text.
      • Applications show students how theory is used to understand real-world macroeconomic issues.
      • Boxes draw from current research, highlighting interesting new developments and topics in the field.
      • In Touch with Data and Research boxes ask students to find and interpret macroeconomic data, like economists would in their careers.
    • Global case studies brings relevance to the theory by applying it to the student's local context