(Original PDF) Modern Macroeconomics (The MIT Press) by Sanjay K. Chugh – Digital Ebook – Instant Delivery Download
Product details:
- ISBN-10 : 0262029375
- ISBN-13 : 978-0262029377
- Author: Sanjay Chugh
The modern study and analysis of macroeconomics begins by considering how microeconomic units—consumers and firms—make decisions, and then investigates how these choices interact to yield economy-wide outcomes. This innovative textbook takes this “modern” approach, teaching macroeconomics through its microeconomic foundations. It does so by adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern Macroeconomics is suitable for use in intermediate undergraduate, advanced undergraduate, and graduate level courses.
Table contents:
1. The Big Ideas
2. The Power of Trade and Comparative Advantage
3. Supply and Demand
4. Equilibrium: How Supply and Demand Determine Prices
5. Price Ceilings and Price Floors
6. GDP and The Measurement of Progress
7. The Wealth of Nations and Economic Growth
8. Growth, Capital Accumulation and the Economics of Ideas: Catching Up vs. The Cutting Edge
9. Savings, Investment, and the Financial System
10. Stock Markets and Personal Finance
11. Unemployment and Labor Force Participation
12. Inflation and the Quantity Theory of Money
13. Business Fluctuations: Aggregate Demand and Supply
14. Transmission and Amplification Mechanisms
15. The Federal Reserve System and Open Market Operations,
16. Monetary Policy
17. The Federal Budget: Taxes and Spending,
18. Fiscal Policy
19. International Trade
20. International Finance
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