This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing you to relate the materials to your everyday life.
PART 1 GETTING ACQUAINTED WITH ECONOMICS.
PART 2 THE BUILDING BLOCKS OF DEMAND AND SUPPLY.
PART 3 MARKETS AND THE PRICE SYSTEM.
PART 4 VIRTUES AND LIMITATIONS OF MARKETS.
PART 5 THE DISTRIBUTION OF INCOME.
PART 6 THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND.
PART 7 FISCAL AND MONETARY POLICY.
PART 8 THE UNITED STATES IN THE WORLD ECONOMY.