Study Guide to Accompany Schiller: The Macro Economy Today

By: Tansey, Michael MContributor(s): Lawrence F.ZieglerMaterial type: TextTextPublication details: New York : McGraw-Hill 1994; McGraw-Hill ; 1994Edition: 6th editionDescription: xi, 432 pISBN: 9780070563001; 9780070563049 Subject(s): EconomicsDDC classification: 339 |
Contents:
Part 1 Basics: an overview; the American economy; supply and demand. Part 2 Macroeconomics: A: major problems - the business cycle, unemployment, inflation; B - national income analysis and fiscal policy, national income accounting, aggregate spending, potential instability, fiscal policy, deficits and debt; C - monetary approaches - money and banks, the federal reserve system, monetary policy; D - supply-side approaches - supply-side policies, economic growth - sources and limits; E - current policies - global macro, theory and reality. Part 3 Microeconomics: A - product markets - basic theory, the demand for goods, indifference curves, the costs of production, the competitive firm, competitive markets, monopoly, oligopoly; B - product markets - issues, monopolistic competition, government intervention, (de)regulation, environmental protection, the farm problem; C - factor markets - basic theory, the labour market, power in labour markets, rent interest and profit; D - factor markets - issues, taxes - equity versus efficiency, worke versus welfare; Part 4: international economics and comparative systems; international trade; international finance; international development; the collapse of communism.
Summary: Explains the principles of economics by tying economic concepts and theory to illustrations and examples from contemporary world events. This edition has been updated to provide Gross Domestic Product (GDP) coverage throughout
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Part 1 Basics: an overview; the American economy; supply and demand. Part 2 Macroeconomics: A: major problems - the business cycle, unemployment, inflation; B - national income analysis and fiscal policy, national income accounting, aggregate spending, potential instability, fiscal policy, deficits and debt; C - monetary approaches - money and banks, the federal reserve system, monetary policy; D - supply-side approaches - supply-side policies, economic growth - sources and limits; E - current policies - global macro, theory and reality. Part 3 Microeconomics: A - product markets - basic theory, the demand for goods, indifference curves, the costs of production, the competitive firm, competitive markets, monopoly, oligopoly; B - product markets - issues, monopolistic competition, government intervention, (de)regulation, environmental protection, the farm problem; C - factor markets - basic theory, the labour market, power in labour markets, rent interest and profit; D - factor markets - issues, taxes - equity versus efficiency, worke versus welfare; Part 4: international economics and comparative systems; international trade; international finance; international development; the collapse of communism.

Explains the principles of economics by tying economic concepts and theory to illustrations and examples from contemporary world events. This edition has been updated to provide Gross Domestic Product (GDP) coverage throughout

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