Macroeconomics: Principles, Problems, and

McConnell-Brue’s Principles of Macroeconomics, 15 is the best-selling textbook and has been teaching students in a clear, unbiased way for 40 years. The 14th edition grew market share because of its clear and careful treatment of principles of macroeconomics concepts, its balanced coverage, and its patient explanations. More students have learned their principles of Macroeconomics from McConnell-Brue than any other text-12 million of them. The 15th edition is a substantial revision that delivers a tighter, modern, Internet-savvy book.

PART ONE An Introduction to Macroeconomics and the Economy

To the Student

2

(1)

The Nature and Method of Economics

3

(19)

The Economizing Problem

22

(18)

Individual Markets: Demand and Supply

40

(19)

The Market System

59

(14)

The U.S. Economy: Private and Public Sectors

73

(20)

The United States in the Global Economy

93

(23)

PART TWO National Income, Employment, and Fiscal Policy

Measuring Domestic Output, National Income, and the Price Level

116

(20)

Introduction to Economic Growth and Instability

136

(23)

Building the Aggregate Expenditures Model

159

(23)

Aggregate Expenditures: The Multiplier, Net Exports, and Government

182

(21)

Aggregate Demand and Aggregate Supply

203

(21)

Fiscal Policy

224

(20)

PART THREE Money, Banking, and Monetary Policy

Money and Banking

244

(21)

How Banks and Thrifts Create Money

265

(17)

Monetary Policy

282

(24)

PART FOUR Long-Run Perspectives and Macroeconomic Debates

Extending the Analysis of Aggregate Supply

306

(17)

Economic Growth and the New Economy

323

(18)

Deficits, Surpluses, and the Public Debt

341

(14)

Disputes over Macro Theory and Policy

355

(19)

PART FIVE International Economics and the World Economy

International Trade

374

(22)

Exchange Rates, Balance of Payments, and Trade Deficits

396

(21)

The Economics of Developing Countries

417

WEB BONUS CHAPTER Transition Economies: Russia and China www.mhhe.com/economics/mcconnell15

Glossary

G-1

Index

I

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Macroeconomics: Principles, Problems, and Policies

Summary

Table of Contents

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