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Abel A.B., Bernanke B., Croushore D.. Macroeconomics. 10th Edition, Global Edition. — Pearson,2021. — 690 pp.. 2021

For courses in intermediate macroeconomics. A unified approach to economic theory Demonstrating a balanced treatment of both classical and Keynesian economics, Macroecomomics presents macroeconomic theory in a big-picture way. Comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi, and the text helps students analyze real macroeconomic data used by policy makers and researchers. This text takes a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions. The 10th Edition features new applications, boxes, and problems throughout. It also reflects recent events and developments in the field, such as the recent crisis in the US and Europe and the many new tools used by the Federal Reserve in response.

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About the Authors
Brief Contents
Detailed Contents
Applying Macroeconomics to the Real World
Symbols Used in This Book
Preface
Introduction to Macroeconomics
What Macroeconomics Is About
What Macroeconomists Do
Why Macroeconomists Disagree
CHAPTER SUMMARY
KEY TERMS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
The Measurement and Structure of the National Economy
Learning Objectives
National Income Accounting: The Measurement of Production, Income, and Expenditure
Gross Domestic Product
Saving and Wealth
Real GDP, Price Indexes, and Inflation
Interest Rates
CHAPTER SUMMARY
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Productivity, Output, and Employment
In Chapter 2, we discussed the measurement of several economic variables used to gauge the economy's health.
How Much Does the Economy Produce? The Production Function
The Demand for Labor
The Supply of Labor
Labor Market Equilibrium
Unemployment
Relating Output and Unemployment: Okun's Law
CHAPTER SUMMARY
KEY DIAGRAM 1
KEY DIAGRAM 2
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Appendix A The Growth Rate Form of Okun's Law
Consumption, Saving and Investment
Learning Objectives
Consumption and Saving
Investment
Goods Market Equilibrium
CHAPTER SUMMARY
KEY DIAGRAM 3
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMICDATA
Appendix A A Formal Model of Consumption and Saving
Saving and Investment in the OpenEconomy
With virtually no exceptions, modern economies are open economies, which means that they engage in international trade of goods and services and in international borrowing and lending.
Balance of Payments Accounting
Goods Market Equilibrium in an Open Economy that the country has available for net foreign lending). Equation (5.2) also reminds us that (assumingno net
Saving and Investment in a Small Open Economy
Saving and Investment in Large Open Economies
Fiscal Policy and the Current Account
CHAPTER SUMMARY
KEY DIAGRAM 4
KEY DIAGRAM 5
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Long-Run Economic Growth
A nation's ability to provide improving standards of living for its people depends crucially on its long-run rate of economic growth.
The Sources of Economic Growth
Long-Run Growth: The Solow Model
Endogenous Growth Theory
Government Policies to Raise Long-Run Living Standards
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC
The Asset Market, Money, and Prices
In Chapters 3 and 4 we discussed the labor market and the goods market, two of the three markets in our model of the macroeconomy.
What Is Money?
Portfolio Allocation and the Demand for Assets
The Demand for Money
Asset Market Equilibrium
Money Growth and Inflation
CHAPTER SUMMARY
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Business Cycles
Since the Industrial Revolution, the economies of the United States and many other countries have grown tremendously.
What Is a Business Cycle?
The American Business Cycle: The Historical Record
Business Cycle Facts
Business Cycle Analysis: A Preview
CHAPTER SUMMARY
KEY TERMS
REVIEW QUESTIONS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
The IS-LMIAD-AS Model: A General Framework for Macroeconomic Analysis
The main goal of Chapter 8 was to describe business cycles by presenting the business cycle facts.
The FE Line: Equilibrium in the Labor Market
The /S Curve: Equilibrium in the Goods Market
The LM Curve: Asset Market Equilibrium
General Equilibrium in the Complete IS-LM Model
Price Adjustment and the Attainment of General Equilibrium
Aggregate Demand and Aggregate Supply
CHAPTER SUMMARY
KEY DIAGRAM 6
KEY DIAGRAM 7
KEY TERMS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
Worked-Out Numerical Exercise for Solving the IS-LMIAD-AS Model
To help you work through the algebra needed for numerical problems in this chapter, here is a worked-out numerical exercise as an example for solving the IS-LM model:
Appendix 9.B Algebraic Versions of the IS-LMIAD-AS Model
Classical Business Cycle Analysis: Market-Clearing Macroeconomics
Economists generally agree about the basic business cycle facts outlined in Chapter 8.
The Real Business Cycle Theory
Fiscal Policy Shocks in the Classical Model
Unemployment in the Classical Model
Money in the Classical Model
The Misperceptions Theory and the Nonneutrality of Money
CHAPTER SUMMARY
KEY DIAGRAM 8
KEY TERMS
KEY EQUATION
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Worked-Out Numerical Exercise for Solving the Classical AD-AS Model with Misperceptions
An Algebraic Version of the Classica l AD-AS Model with Misperceptions
Keynesianism: The Macroeconomics of Wage and Price Rigidity
Learning Objectives
Real-Wage Rigidity
Price Stickiness
Monetary and Fiscal Policy in the Keynesian Model
The Keynesian Theory of Business Cycles and Macroeconomic Stabilization
CHAPTER SUMMARY
KEY TERMS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Labor Contracts and Nominal-Wage Rigidity
Worked-Out Numerical Exercise for Calculating the Multiplier in a Keynesian Model
The Multiplier in the Keynesian Model
Unemployment and Inflation
In the past several chapters we focused on the concepts of the business cycle, macroeconomic stabilization, and classical and Keynesian approaches to busi­ness cycle analysis.
Unemployment and Inflation: Is There a Trade-Off?
Macroeconomic Policy and the Phillips Curve
The Problem of Unemployment
The Problem of Inflation
Fighting Inflation: The Role of Inflationary Expectations
CHAPTER SUMMARY
KEY TERMS
KEY EQUATION
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
Learning Objectives
Exchange Rates
How Exchange Rates Are Determined: A Supply-and-Demand Analysis
The IS-LM Model for an Open Economy
Macroeconomic Policy in an Open Economy with Flexible Exchange Rates
Fixed Exchange Rates
CHAPTER SUMMARY
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Worked-Out Numerical Exercise for the Open-Economy IS-LM Model
An Algebraic Version of the Open-Economy IS-LM Model
Monetary Policy and the Federal Reserve System
Monetary policy—the government's decisions about how much money to sup­ply to the economy—is one of the two principal tools available for affecting macroeconomic behavior.
Principles of Money Supply Determination
Monetary Control in the United States
Setting Monetary Policy Targets
Making Monetary Policy in Practice
The Conduct of Monetary Policy: Rules Versus Discretion
CHAPTER SUMMARY
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Government Spending and Its Financing
At every level of government, from the town hall to the White House, fiscal policy—government decisions about how much to spend, what to spend for, and how to finance its spending—is of importance. central
The Government Budget: Some Facts and Figures
Government Spending, Taxes, and the Macroeconomy
Government Deficits and Debt
Deficits and Inflation
CHAPTER SUMMARY
KEY TERMS
KEY EQUATIONS
REVIEW QUESTIONS
NUMERICAL PROBLEMS
ANALYTICAL PROBLEMS
WORKING WITH MACROECONOMIC DATA
Appendix 15.A The Debt-GDP Ratio
Appendix A Some Useful Analytical Tools
Glossary
INDEX
The Production Function and Changes in Productivity in the European Union
More economic literature on Economics.Studio

Books and textbooks on the discipline Macroeconomics:

  1. Alogoskoufis George. Dynamic Macroeconomics. The MIT Press,2019. — 800 p. - 2019 ãîä
  2. Agarwal Vanita. Macroeconomics: Theory & Policy. Pearson,2010. — 408 p. - 2010 ãîä
  3. Acemoglu D.. Introduction to Modern Economic Growth. Princeton University Press,2008. — 1248 p. - 2008 ãîä
  4. Acemoglu Daron. Introduction to Modern Economic Growth: Parts 1-4. Department of Economics, Massachusetts Institute of Technology,2008. — 604 p. - 2008 ãîä
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