Macroeconomics

PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY

To the Student

1 Limits, Alternatives, and Choices (+ Appendix)

2 The Market System and the Circular Flow

PART 2: PRICE, QUANTITY, AND EFFICIENCY

3 Demand, Supply, and Market Equilibrium (+ Appendix)

4 Elasticity

5 Market Failures: Public Goods and Externalities

PART 3: GDP, GROWTH, AND INSTABILITY

6 An Introduction to Macroeconomics

7 Measuring Domestic Output and National Income

8 Economic Growth

9 Business Cycles, Unemployment, and Inflation

PART 4: MACROECONOMIC MODELS and FISCAL POLICY

10 Basic Macroeconomic Relationships

11 The Aggregate Expenditures Model

12 Aggregate Demand and Aggregate Supply (+ Appendix)

13 Fiscal Policy, Deficits, and Debt

PART 5: MONEY, BANKING, and MONETARY POLICY

14 Money, Banking, and Financial Institutions

15 Money Creation

16 Interest Rates and Monetary Policy

17 Financial Economics

PART 6: EXTENSIONS and ISSUES

18 Extending the Analysis of Aggregate Supply

19 Current Issues in Macro Theory and Policy

PART 7: INTERNATIONAL ECONOMICS

20 International Trade

21 The Balance of Payments, Exchange Rates, and Trade Deficits

22w The Economics of Developing Countries

OPTIONAL CONTENT FOR INSTRUCTORS(Available for instructors on the OLC)

COI 1 The United States and the Global Economy

COI 2 Previous International Exchange-Rate Systems

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