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Principles of Macroeconomics
The Way We LiveFirst Edition| ©2012 Susan Feigenbaum; R.W. Hafer
Feigenbaum and Hafer’s innovative new text is based on the idea that economics is an integral part of students’ lives. Inspired by Economics: How We Live, economist Victor Fuchs’s 1983 National Book Award winner, the text provides an economic framework for exploring the wide array of choices
Feigenbaum and Hafer’s innovative new text is based on the idea that economics is an integral part of students’ lives. Inspired by Economics: How We Live, economist Victor Fuchs’s 1983 National Book Award winner, the text provides an economic framework for exploring the wide array of choices that span a person’s life cycle. The authors build from the individual to the household to the firm and then to the economy at large, moving from realistic examples from everyday life to the broad, enduring principles of economic behavior
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Feigenbaum and Hafer’s innovative new text is based on the idea that economics is an integral part of students’ lives. Inspired by Economics: How We Live, economist Victor Fuchs’s 1983 National Book Award winner, the text provides an economic framework for exploring the wide array of choices that span a person’s life cycle. The authors build from the individual to the household to the firm and then to the economy at large, moving from realistic examples from everyday life to the broad, enduring principles of economic behavior
Features
Focus on the Connections Between Micro and Macro
Feignbaum and Hafer emphasize the micro foundations of macroeconomics, showing students how individual decisions relate to the overall working of the economy. In addition, the text shows students how macro-level decisions (such as monetary policy) affect decisions by individuals and businesses.
Feignbaum and Hafer emphasize the micro foundations of macroeconomics, showing students how individual decisions relate to the overall working of the economy. In addition, the text shows students how macro-level decisions (such as monetary policy) affect decisions by individuals and businesses.
A Streamlined Text—Not an Encyclopedic Review
The book keeps students focused on essential economics concepts, as demonstrated in today’s most pressing issues and policy debates, such as outsourcing, immigration, income inequality, and interest rate determination.
The book keeps students focused on essential economics concepts, as demonstrated in today’s most pressing issues and policy debates, such as outsourcing, immigration, income inequality, and interest rate determination.
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Principles of Macroeconomics
First Edition| ©2012
Susan Feigenbaum; R.W. Hafer
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Principles of Macroeconomics
First Edition| 2012
Susan Feigenbaum; R.W. Hafer
Table of Contents
PART I. THE ECONOMIC COSTS AND CHOICES FACING INDIVIDUALS
1. Economics as a Framework for Making Life’s Decisions
2. The Benefits and Costs of an Activity: Specialization and Exchange
3. The Demand for and Supply of Economic Goods
4. Applying the Supply and Demand Model
PART II. AN INTRODUCTION TO MACROECONOMICS
5. What Are the Big Issues: A Macroeconomic Overview
6. Measuring a Nation’s Price Level
7. Output and Income
8. The Labor Market and Unemployment
9. The Global Economy
PART III. THE ECONOMICS OF THE LONG RUN
10. The Basics of Growth Economics
11. Other Aspects of Economic Growth: Why Isn’t Everyone Rich?
12. Inflation: What It Is, and Why It’s Bad
PART IV. EXPLAINING BUSINESS (SHORT-RUN) FLUCTATIONS
13. Aggregate Expenditures and Real Output
14. Inflation Expectations and Their Effect on the Economy
15. Can Economic Fluctuations Be Predicted? Using the AD-IE Model
PART V. POLICY DEBATES
16. Fiscal Policy
17. Money, Banking, and the U.S. Federal Reserve System
18. Monetary Policy
Authors

Susan Feigenbaum
Susan Feigenbaum is Professor and former Chair of the Department of Economics at the University of Missouri at St. Louis. She has received several National Science Foundation research and curriculum innovation grants, as well as state and campus teaching awards.

R. W. Hafer
R.W. Hafer is Professor and Chair of the Department of Economics and Finance at Southern Illinois University at Edwardsville. He served as Research Officer with the Federal Reserve Bank of St. Louis for ten years. He has published widely on monetary policy and financial markets in academic and non-academic publications, including The Wall Street Journal.
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Susan Feigenbaum; R.W. Hafer | First Edition | ©2012 | ISBN:9781429289184Coursepacks
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Principles of Macroeconomics
First Edition| 2012
Susan Feigenbaum; R.W. Hafer
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