Macroeconomics is widely praised for its ability to present theory as a way of evaluating key macro questions, such as why some countries are rich and others are poor.
Students have a natural interest in what is happening today and what will happen in the near future.
Macroeconomics capitalises on their interest by beginning with business cycles and monetary-fiscal policy in both closed and open economy. After that, Gordon presents a unique dynamic analysis of demand and supply shocks as causes of inflation and unemployment, followed by a dual approach to economic growth in which theory and real-world examples are used to compare rich and poor countries.
CHAPTER 1 What Is Macroeconomics?
CHAPTER 2 The Measurement of Income, Prices, and Unemployment
CHAPTER 3 Income and Interest Rates: The Keynesian Cross Model and the IS Curve
CHAPTER 4 Strong and Weak Policy Effects in the IS-LM Model
CHAPTER 5 Financial Markets, Financial Regulation, and Economic Instability
CHAPTER 6 The Government Budget, the Government Debt, and Limitations of Fiscal Policy
CHAPTER 7 International Trade, Exchanges Rates, and Macroeconomic Policy
CHAPTER 8 Aggregate Demand, Aggregate Supply, and the Great Depression
CHAPTER 9 Inflation: Its Causes and Cures
CHAPTER 10 The Goals of Stabilization Policy: Low Inflation and Low Unemployment
CHAPTER 11 The Theory of Economic Growth
CHAPTER 12 The Big Questions of Economic Growth
CHAPTER 13 The Goals, Tools, and Rules of Monetary Policy
CHAPTER 14 The Economics of Consumption Behavior
CHAPTER 15 The Economics of Investment Behavior
CHAPTER 16 New Classical Macro and New Keynesian Macro
CHAPTER 17 Conclusion: Where We Stand
