Macroeconomics: Principles, Applications and Tools, Student Value Edition, 7th Edition

For Principles of Macroeconomics courses.

Questions that drive interest, applications that illustrate concepts, and the tools to test and solidify comprehension.

Students come into their first Economics course thinking they will gain a better understanding of the economy around them. Unfortunately, they often leave with many unanswered questions. To ensure students actively internalize economics, O'Sullivan/Sheffrin/Perez use chapter-opening questions to spark interest on important economic concepts, applications that vividly illustrate those concepts, and chapter-ending tools that test and solidify understanding.

PART 1 Introduction and Key Principles

1 Introduction: What Is Economics?

2 The Key Principles of Economics

3 Exchange and Markets

4 Demand, Supply, and Market Equilibrium

 

PART 2 The Basic Concepts in Macroeconomics

5 Measuring a Nation’s Production and Income

6 Unemployment and Inflation

 

PART 3 The Economy in the Long Run

7 The Economy at Full Employment

8 Why Do Economies Grow?

 

PART 4 Economic Fluctuations and Fiscal Policy

9 Aggregate Demand and Aggregate Supply

10 Fiscal Policy

11 The Income-Expenditure Model

12 Investment and Financial Markets

 

PART 5 Money, Banking, and Monetary Policy

13 Money and the Banking System

14 The Federal Reserve and Monetary Policy

 

PART 6 Inflation, Unemployment, and Economic Policy

15 Modern Macroeconomics: From the Short Run to the Long Run

16 The Dynamics of Inflation and Unemployment

17 Macroeconomic Policy Debates

 

PART 7 The International Economy

18 International Trade and Public Policy

19 The World of International Finance