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Principles of Macroeconomics
The Way We LiveFirst Edition| ©2012 Susan Feigenbaum; R.W. Hafer
ISBN:9781464118197
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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
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.
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
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
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
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
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
16. Fiscal Policy
17. Money, Banking, and the U.S. Federal Reserve System
18. Monetary Policy
Authors

Susan Feigenbaum

R. W. Hafer
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Principles of Macroeconomics
First Edition| 2012
Susan Feigenbaum; R.W. Hafer
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