Principles of Macroeconomics

ISBN-10: 061896763X

ISBN-13: 9780618967636

Edition: 6th 2009

List price: $231.95
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This edition re-emphasises the text's modern approach, concise yet thorough coverage of current macroeconomic theories and real world/policy focus.
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Book details

List price: $231.95
Edition: 6th
Copyright year: 2009
Publisher: CENGAGE Learning
Publication date: 12/27/2007
Binding: Paperback
Pages: 880
Size: 8.75" wide x 10.25" long x 1.00" tall
Weight: 2.420
Language: English

Akila Weerapana is an Associate Professor of Economics at Wellesley College. He was born and raised in Sri Lanka and came to the United States to do his undergraduate work at Oberlin College, where he earned a B.A. with highest honors in Economics and Computer Science in 1994. Inspired by his professors at Oberlin, he went on to graduate school at Stanford University. He received his Ph.D. in Economics from Stanford in 1999, writing his dissertation in monetary economics under the mentorship of John Taylor. Having taught several classes at Stanford while he was a graduate student, Akila was determined to pursue a career as a liberal arts college professor, combining his research interests with the opportunity to teach economics to gifted college students. Since 1999, Akila has taught over 800 students at the Economics Department at Wellesley College.His teaching interests span all levels of the Department's curriculum, including introductory and intermediate macroeconomics, international finance, monetary economics and mathematical economics. He was awarded Wellesley's Pinanski Prize for Excellence in Teaching in 2002. He also enjoys working with thesis students, having advised over a dozen thesis students at Wellesley. The projects that students work on range from a study of the economic benefits of eradication of river blindness in Ghana to the impact of joining the European Union on the Spanish economy to a project analyzing the determinants of enterprise performance in Russia. He has advised many students who have pursued graduate study in economics or have gone on to work in economic research at the Federal Reserve.In addition to teaching, Akila has research interests in macroeconomics, specifically in the areas of monetary economics, international finance and political economy. In the area of monetary economics, his work focuses on the international dimension of monetary policy, including the potential for gains from coordination and the importance o

Introductionto Economics
The Central Idea
Scarcity and Choice for Individuals
Scarcity and Choice for the Economy as a Whole Market
Economies and the Price System
Economics in Action
Gains from Trade on the Internet Economics in Action
Teaching Jobs and Graduate School
Applications--Two Sides of the Same Coin
Economics in the News
Gains from Trade on the Radio
Observing and Explaining the Economy What Do Economists Do?
The Fluctuating Price of Gasoline
Recommending Appropriate Policies
Economics in Action: An Economic Experiment to Study Discrimination
Economics in Action: Science or Persuasion?
Economics in the News: Young Economists at Work Appendix to Chapter 2
Reading, Understanding, and Creating Graphs Visualizing Observations with Graphs Visualizing Models with Graphs
The Supply and Demand
Model Demand Supply Market Equilibrium
Combining Supply and Demand
Economics in the News
Why Roses Cost More on Valentine's Day
Economics in Action
Using the Supply and Demand
Model to Analyze Real-World Issues
Subtleties of the Supply and Demand Model
Price Floors, Price Ceilings, and Elasticity
Interference with Market Prices
Elasticity of Demand
Working with Demand Elasticities
Elasticity of Supply Economics in Action
How Policymakers Use Price
Elasticity of Demand to Discourage
Underage Drinking Economics in the News
Increasing School Enrollment in Africa Economics in Action
Predicting the Size of a Price
Increase Economics in Action
Will an Increase in the Minimum Wage Benefit Poor Workers?
Principles of Macroeconomics
Macroeconomics:The Big Picture
Measuring the "Size" of an Economy
Unemployment, Inflation, and Interest Rates
Macroeconomic Theory and Policy
Economics in the News: How Economic Growth
Can Transform an Economy Economics in Action
The Economic Impact of September 11 Appendix to Chapter 5
The Miracle of Compound Growth
How Compound Growth
Works Plotting Growing Variables
Measuring the Production, Income, and Spending of Nations Measuring
GDP Saving Measuring Real
GDP Shortcomings of the GDP
Measure Economics in Action
Distinguishing Between Stocks and Flows
Economics in the News: The Monthly Release of GDP
Data Economics in Action
Measuring the Quality of Life Across Nations
The Spending Allocation Model
The Spending Shares
The Effect of Interest Rates on Spending Shares
Determining the Equilibrium Interest Rate
The Relationship Between Saving and Investment
Economics in Action: Using the Spending Allocation
Model to Analyze the Long-Run
Implications of Shifts in Government Purchases and Consumption Economics in the News
The "Twin Deficits"
Unemployment and Employment
Unemployment and Other Labor
Market Indicators
The Nature of Unemployment
Modeling the Labor Market
Economics in the News: Unemployment Each Month
Economics in Action: Unemployment Among Young People Around the World
Productivity and Economic Growth
Labor and Capital Without Technology
Technology: The Engine of Growth
Measuring Technology
Technology Policy
Economics in Action: The Role of Technology in Economic Growth Economics in Action: Examples of Changes in Technology
That Increased Productivity
Economics in Action: Two Invention Factories
Past and Present Economics in Action: Growth Accounting in Practice
Economics in the News: Productivity Growth
Appendix to Chapter 9
Deriving the Growth Accounting Formula
Money and Inflation What Is Money?
The Fed, the Banks, and the Link from Reserves to Deposits
Money Growth and Inflation
Economics in the News: Counterfeit Money
Economics in Action: Hyperinflation and Too Much Money
Economic Fluctuations and Macroeconomic Policy
The Nature and Causes of Economic
Fluctuations Changes in Aggregate Demand
Lead to Changes in Production
Forecasting Real GDP
The Response of Consumption to Income Finding Real GDP
When Consumption and Income
Move Together Spending Balance and Departures of Real GDP from Potential GDP
Economics in Action: Real-Life Examples of How Firms
Respond to Demand
Economics in the News: Assessing the Macroeconomic
Impact of a Terrorist Attack
Economics in Action: The Professional Forecasters
Economics in Action: Making Time's Top 100 Appendix to Chapter 11
Deriving the Formula for the Keynesian
Multiplier and the Forward-Looking Consumption
Model The Keynesian Multiplier
The Forward-Looking Consumption Model
The Economic Fluctuations
Model The Aggregate Demand Curve
The Inflation Adjustment Line
Combining the Aggregate Demand Curve and the Inflation
Adjustment Line
Economics in the News: The Fed Raises and Then Lowers the Interest Rate
Using the Economic Fluctuations
Model Changes in Government Purchases
Changes in Monetary Policy
Price Shocks Economics in Action: Explaining the Recovery from the Great Depression
Economics in Action: The 2001 Recession and Recovery
Fiscal Policy
The Government Budget Countercyclical
Fiscal Policy
The Structural Versus the Cyclical Surplus
Economics in Action: How Should Social Security Be Reformed?
Economics in Action: The Economic Report of the President
Monetary Policy Why Are Central Banks Independent?
Running Monetary Policy
Money and Other Instruments of Monetary Policy
The Exchange Rate and Monetary Policy
Economics in the News: Anatomy of a Hump
Financial Markets
The Distinction Between Physical Capital and Financial Capital
Markets for Financial Capital
The Tradeoff Between Risk and Return
Corporate Governance Problems Economics in Action
Understanding Stock and Bond Price
Listings in Newspapers Economics in the News
Corporate Greed Appendix to Chapter 16
Present Discounted Value
Discounting the Future Finding the Present Discounted Value
Trade and Global Markets
Economic Growth and Globalization Catching Up or Not?
Economic Development Spreading and Using Technology
Increasing Capital per Worker
Economics in Action: The Millennium Challenge
Corporation Economics in Action: Is There a Global Saving Glut?
The Gains from International Trade
Recent Trends in International Trade
Comparative Advantage Reasons for Comparative Advantage
Gains from Expanded Markets
Economics in the News: The Economic
Impact of Outsourcing Economics in Action: Doing Politics and Economics
International Trade Policy Tariffs and Quotas
The History of Trade Restrictions Arguments for Trade Barriers
How to Reduce Trade Barriers
Economics in Action: From Steel to Shrimp
The Same Old Tariff Story Economics in the News
The End of the Multi-Fiber Agreement
Economics in Action: Ending the Corn Laws
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