Principles of Macroeconomics

First Edition

Publication Date: May 15, 2023

Paperback ISBN: 9781319415860

Pages: 688

Every decision is an economic decision.

Principles of Macroeconomics by Richard Holden (University of New South Wales), Betsey Stevenson (University of Michigan), and Justin Wolfers (University of Michigan) emphasises that every decision is an economic decision. The authors’ focus on useful economics uses compelling...

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ISBN: 9781319415860
Principles of Macroeconomics


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A Quick Review of Graphs

Part I Foundations of Economics
Chapter 1 The Four Core Principles of Economics
Chapter 2 Demand and Consumer Choice
Chapter 3 Supply and Producer Choice
Chapter 4 Equilibrium: Where Supply Meets Demand

Part II Analysing Markets
Chapter 5 Welfare Economics: Evaluating Market Efficiency and Market Failure
Chapter 6 Comparative Advantage and Gains From Trade
Chapter 7 International Trade
Chapter 8 Inequality, Poverty, and Social Insurance

Part III Macroeconomic Foundations and the Long Run
Chapter 9 Sizing Up the Economy Using GDP
Chapter 10 Economic Growth
Chapter 11 Unemployment
Chapter 12 Inflation and Money

Part IV Micro Foundations of Macroeconomics
Chapter 13 Consumption and Saving
Chapter 14 Investment
Chapter 15 The Financial Sector: Banks, Bonds, and Stocks
Chapter 16 International Finance and the Exchange Rate

Part V The Business Cycle
Chapter 17 Tracking the Business Cycle
Chapter 18 Linking Interest Rates and Output Using IS-MP Analysis
Chapter 19 The Phillips Curve and Inflation
Chapter 20 The Fed Model: Putting it All Together
Chapter 21 Aggregate Demand and Aggregate Supply

Part VI Macroeconomic Policy
Chapter 22 Monetary Policy
Chapter 23 Government Spending, Taxes, and Fiscal Policy
Appendix: A Closer Look at Aggregate Expenditure and the Multiplier


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Richard Holden; Betsey Stevenson; Justin Wolfers | First Edition | ©2023 | ISBN:9781319459208

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