Includes index; The scope and method of economics. The economic problem : scarcity and choice. Demand, supply, and market equilibrium. Demand and supply applications. Introduction to macroeconomics. Measuring national output and national income. Unemployment, inflation, and long-run growth. Aggregate expenditure and equilibrium output. The government and fiscal policy. The money supply and the federal reserve system. Money demand and the equilibrium interest rate. Aggregate demand in the goods and money markets. Aggregate supply and the equilibrium price level. The labor market in the macroeconomy. Financial crises, stabilization, and deficits. Household and firm behavior in the macroeconomy : a further look*. Long-run growth. Alternative views in macroeconomics. International trade, comparative advantage, and protectionism. Open-economy macroeconomics : the balance of payments and exchange rates. Economic growth in developing and transitional economies
The scope and method of economics --; The economic problem : scarcity and choice --; Demand, supply, and market equilibrium --; Demand and supply applications --; Introduction to macroeconomics --; Measuring national output and national income --; Unemployment, inflation, and long-run growth --; Aggregate expenditure and equilibrium output --; The government and fiscal policy --; The money supply and the federal reserve system --; Money demand and the equilibrium interest rate --; Aggregate demand in the goods and money markets --; Aggregate supply and the equilibrium price level --; The labor market in the macroeconomy --; Financial crises, stabilization, and deficits --; Household and firm behavior in the macroeconomy : a further look*. Long-run growth --; Alternative views in macroeconomics --; International trade, comparative advantage, and protectionism --; Open-economy macroeconomics : the balance of payments and exchange rates --; Economic growth in developing and transitional economies.