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ISBN-10 ‏ : ‎ 1305505492
ISBN-13 ‏ : ‎ 978-1305505490
Author: William A. McEachern

Now you can “teach by example” with the unique approach to economics found only in McEachern’s acclaimed MACROECONOMICS: A CONTEMPORARY INTRODUCTION, 11E. The text uses examples and illustrations that your students will recognize when they show up for class the first day, because they already have at least 17 years of personal experience with economic choices, institutions, and events. This book truly leads by example, taking a “just-in-time” approach that introduces material just as it is needed to develop an argument. Clear and interesting exposition combines with case studies, recent research findings, and a focused design. Relevant case studies are integrated into the flow of each chapter. Each chapter includes a one-page case study in the printed book as well as a second case study online. The book’s well-crafted approach is enhanced with resources, such as Aplia and MindTap, that help improve student understanding and help you streamline tasks and save valuable time.

Table of Content:

Ch 1: The Art and Science of Economic Analysis
1-1: The Economic Problem: Scarce Resources, Unlimited Wants
1-2: The Art of Economic Analysis
1-3: The Science of Economic Analysis
1-4: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: Understanding Graphs
Ch 2: Economic Tools and Economic Systems
2-1: Choice and Opportunity Cost
2-2: Comparative Advantage, Specialization, and Exchange
2-3: The Economy’s Production Possibilities
2-4: Economic Systems
2-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 3: Economic Decision Makers
3-1: The Household
3-2: The Firm
3-3: The Government
3-4: The Rest of the World
3-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 4: Demand, Supply, and Markets
4-1: Demand
4-2: What Shifts a Demand Curve?
4-3: Supply
4-4: What Shifts a Supply Curve?
4-5: Demand and Supply Create a Market
4-6: Changes in Equilibrium Price and Quantity
4-7: Disequilibrium
4-8: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 5: Introduction to Macroeconomics
5-1: The National Economy
5-2: Economic Fluctuations and Growth
5-3: Aggregate Demand and Aggregate Supply
5-4: A Brief History of the U.S. Economy
5-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 6: Tracking the U.S. Economy
6-1: The Product of a Nation
6-2: Circular Flow of Income and Expenditure
6-3: Limitations of National Income Accounting
6-4: Accounting for Price Changes
6-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: National Income Accounts
Ch 7: Unemployment and Inflation
7-1: Unemployment: Its Measure and Sources
7-2: Other Unemployment Issues
7-3: Inflation: Its Measure and Sources
7-4: Effects of Inflation
7-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 8: Productivity and Growth
8-1: Theory of Productivity and Growth
8-2: Productivity and Growth in Practice
8-3: Other Issues of Technology and Growth
8-4: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 9: Aggregate Demand
9-1: Consumption
9-2: Nonincome Determinants of Consumption
9-3: Other Spending Components
9-4: Aggregate Expenditure and Income
9-5: The Simple Spending Multiplier
9-6: The Aggregate Demand Curve
9-7: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 10: Aggregate Supply
10-1: Aggregate Supply in the Short Run
10-2: From the Short Run to the Long Run
10-3: Aggregate Supply in the Long Run
10-4: Changes in Aggregate Supply
10-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 11: Fiscal Policy
11-1: Theory of Fiscal Policy
11-2: Fiscal Policy Up to the Stagflation of the 1970s
11-3: Limits on Fiscal Policy’s Effectiveness
11-4: Fiscal Policy from 1980 to 2007
11-5: Fiscal Policy during and after the Great Recession
11-6: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: Demand-Side Effects of Government Purchases and Net Taxes
Ch 12: Federal Budgets and Public Policy
12-1: The Federal Budget Process
12-2: Fiscal Impact of the Federal Budget
12-3: The National Debt in Perspective
12-4: Federal Debt and the Economy
12-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 13: Money and the Financial System
13-1: The Birth of Money
13-2: Money and Banking
13-3: Financial Institutions in the United States
13-4: Banking during and after the Great Recession of 2007-2009
13-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 14: Banking and the Money Supply
14-1: Money Aggregates
14-2: How Banks Work
14-3: How Banks Create Money
14-4: The Fed’s Tools of Monetary Control
14-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 15: Monetary Theory and Policy
15-1: The Demand and Supply of Money
15-2: Money and Aggregate Demand in the Short Run
15-3: Money and Aggregate Demand in the Long Run
15-4: Targets for Monetary Policy
15-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 16: Macro Policy Debate: Active or Passive?
16-1: Active Policy versus Passive Policy
16-2: The Role of Expectations
16-3: Policy Rules versus Discretion
16-4: The Phillips Curve
16-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 17: International Trade
17-1: The Gains from Trade
17-2: Trade Restrictions and Welfare Loss
17-3: Efforts to Reduce Trade Barriers
17-4: Arguments for Trade Restrictions
17-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 18: International Finance
18-1: Balance of Payments
18-2: Foreign Exchange Rates and Markets
18-3: Other Factors Influencing Foreign Exchange Markets
18-4: International Monetary System
18-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 19: Economic Development
19-1: Worlds Apart
19-2: Productivity: Key to Development
19-3: International Trade and Development
19-4: Foreign Aid and Economic Development
19-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Glossary
Index

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