Part I: PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice, and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. Part II: MACROECONOMICS: BASIC CONCEPTS. 5. What Macroeconomics Tries to Explain. 6. Production, Income, and Employment. 7. The Price Level and Inflation. Part III: LONG-RUN MACROECONOMICS. 8. The Classical Long-Run Model. 9. Economic Growth and Rising Living Standards. Part IV: THE SHORT-RUN MODEL AND FISCAL POLICY. 10. Economic Fluctuations. 11. The Short-Run Macro Model. 12. Fiscal Policy. Part V: EXPANDING THE MODEL: MONEY, PRICES, AND THE GLOBAL ECONOMY. 13. Money, Banks, and the Federal Reserve. 14. The Money Market and Monetary Policy. 15. Aggregate Demand and Aggregate Supply. 16. Inflation and Monetary Policy. 17. Exchange Rates and Macroeconomic Policy.
Discover how today's macroeconomic policy issues, decisions, and applications impact you every day with the practical, accessible presentation in PRINCIPLES AND APPLICATIONS OF MACROECONOMICS, 6E, International Edition. Written by acclaimed economists Hall and Lieberman, this straightforward contemporary text offers a presentation as current as the latest headlines. Fresh new cutting-edge examples throughout this edition as well as updated mini-cases clearly illustrate core macroeconomic principles and applications in action. This edition's streamlined chapters focus on today's most important macroeconomic theories and events. The latest thinking from leading economists helps equip readers with a solid foundation in macroeconomics necessary for success, no matter what the career.
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