Title Making Sense of Macroeconomics
Subtitle
Author John P. Herzog
ISBN 9781516533282
List price USD 84.95
Price outside India Available on Request
Original price
Binding Paperback
No of pages 284
Book size 204 X 254 mm
Publishing year 2019
Original publisher Cognella Academic Publishing (Eurospan Group)
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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Description:

Making Sense of Macroeconomics provides students with a comprehensive introduction to the study and application of economics at the macro level.

The book begins with an in-depth overview of macroeconomics, including why we study economics, the government’s role in macroeconomics, the requirements of a good economy, and more. In later chapters, students learn about the production of goods, the laws of supply and demand, inflation, employment and unemployment, and various economic theories. Additional chapters address gross domestic product, multipliers, government spending and deficits, banks and other financial institutions, and the supply and demand of money. The text closes with a chapter dedicated to international economics.

Designed to serve as a complete and highly practical guide to the discipline, Making Sense of Macroeconomics is an ideal resource for foundational courses in macroeconomics.


Contents:

Chapter 1. Macroeconomics Introduction • Why Study Economics? • What Is Economics? • What Is the Government’s Role? • Shortages Cause Higher Prices • Government Intervention • The Economic Environment • What Kind of an Economy Do We Have? • What Is Required for a Good Economy? • The Weakness of Economic Theory • The Midterm Election Problem • The Main Economic Theories Aren’t Right or Wrong • Chapter 1 Review • Questions to Think About • Terms/People to Know

Chapter 2. The What, How, and for Whom Goods are Being Produced • What We Produce • How We Produce • Chapter 2 Review • Questions to Think About • Terms to Know

Chapter 3. The Circular Flow • The Process • Chapter 3 Review • Questions to Think About • Terms to Know

Chapter 4. The Laws of Supply and Demand • Demand • Taste (Liking or Disliking of American Products) • Income • Other Goods: Substitute Goods • Complementary Goods • Taxes • Government Spending • The Money Supply • Expectations • Number of Buyers • Summary of Determinants of Demand • When Demand Is the Independent Variable • Supply • Technology • Factor Costs • Taxes • Regulations • Skills/Knowledge and Maximization of the Use of Human Capital • Subsidies • Expectations • Infrastructure • Number of Sellers • Summary of Determinants of Supply • Chapter 4 Review • Questions to Think About • Terms to Know

Chapter 5. How Does Government Try to Remedy Social Problems? • Informing the Government About Your Feelings • Making Sure We All Have What We Need • Public Goods vs. Private Goods • Externalities • Market Power • Equity • Government Opportunity Costs • Chapter 5 Review • Questions to Think About • Terms/People to Know

Chapter 6. Where Does Government Get the Money? • Taxes • Tax Strategies • Chapter 6 Review • Questions to Think About • Terms/People to Know

Chapter 7. Revisiting GDP and Inflation • GDP = C + I + G + XN • Measurement Problems • Real GDP vs. Nominal • Net Domestic Product • GDP From the Income Approach • Chapter 7 Review • Questions to Think About • Terms to Know

Chapter 8. Inflation • What Is Inflation? • A Closer Look at the Consumer Price Index (CPI) • Effects of Inflation • The Full Employment, Inflation, and Stock Market Chain Reaction • Why Do People Accept a Rate of 3% Inflation or Less? • Causes of Inflation • Protection Against Inflation • The Core CPI • Chapter 8 Review • Questions to Think About • Terms to Know

Chapter 9. Employment and Unemployment • Calculating Unemployment • Summary for Unemployment Calculation • Problems Caused by Unemployment • Flaws in the System • Other Ways to Categorize Unemployment • Full Employment • Chapter 9 Review • Questions to Think About • Terms/People to Know

Chapter 10. Economic Theories • The Evolution of Government Involvement in the Economy • So How Do We Make Sure It Will Never Happen Again? • Summary of Economic Theories • Determinants of Our Economy’s Performance • Fiscal Policy • Monetary PolicyChapter 10 Review • Questions to Think About • Terms/People to Know

Chapter 11. A Closer Look at Gross Domestic Product (GDP) • Consumption • Investment • Government Spending • Exports • Chapter 11 Review • Questions to Think About • Terms to Know

Chapter 12. How is the Economy Doing? • Indicators and Indexes • The Dow Jones ESI (Economic Sentiment Indicator) • The Bureau of Economic Analysis • Chapter 12 Review • Questions to Think About • Terms/People to Know

Chapter 13. The Multipliers • The Consumption Multiplier • The Banking/Savings and Loan Multiplier • FDIC and Other Financial Insurance • Chapter 13 Review • Questions to Think About • Terms to Know

Chapter 14. Government Spending and Deficits • The Effects of Government Spending • Who Owns the Debt? • Chapter 14 Review • Questions to Think About • Terms to Know

Chapter 15. Money, Money, Money, and Banking • Money Defined • The Different Types of Financial Institutions • Banks’ Essential Functions • Chapter 15 Review • Questions to Think About • Terms/People to Know

Chapter 16. The Fed • The Roles of the Fed • The Organization of the Fed • The Federal Open Market Committee (FOMC) • Here Is How It Works • Chapter 16 Review • Questions to Think About • Terms/People to Know

Chapter 17. The Supply and Demand for Money • The Supply and Demand for Money • Demand for Money • Short vs. Long-Term Rates • Chapter 17 Review • Questions to Think About • Terms to Know

Chapter 18. Monetarist and Keynesian Sniping • Monetarists vs. Keynesians • Chapter 18 Review • Questions to Think About • Terms/People to Know

Chapter 19. Bringing It All Together • The Eclectic (Hybrid) Long-Run Aggregate Supply Curve • The Keynesian Segment/Depression/Deep Recession Sector • The Supply-Side Segment/Intermediate Mild Recession/Recovery Sector • The Classical/Monetarist Segment/Full Employment/Prosperity Sector • Chapter 19 Review • Questions to Think About • Terms to Know

Chapter 20. International Economics • The Need to Become Internationally Involved • Global Coordination and Cooperation • Chapter 20 Review • Questions to Think About • Terms/People to Know

Epilogue

References

Index


About the Author:

John P. Herzog is an instructor of computer science at Wittenberg University and an instructor of economics and finance at the University of Dayton, where he teaches courses in principles of macroeconomics, business finances, financial analysis and markets, and microeconomics. He earned his bachelor’s degree and master’s degree in business administration from Wright State University.


Target Audience:

This book is an ideal resource for foundational courses in macroeconomics. It provides students with a comprehensive introduction to the study and application of economics at the macro level and it also give details of international economics.

 

 

 
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