Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze GDP per capita as a measure of the diversity of international standards of living Identify what classifies a country as low-income, middle-income, or high-income Explain how geography, demographics, industry structure, and economic institutions influence standards of living
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and …
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and Supply Building a Model of Aggregate Demand and Aggregate Supply Shifts in Aggregate Supply Shifts in Aggregate Demand How the AD/AS Model Incorporates Growth, Unemployment, and Inflation Keynes’ Law and Say’s Law in the AD/AS Model
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain how we can use GDP to compare the economic welfare of different nations Calculate the conversion of GDP to a common currency by using exchange rates Calculate GDP per capita using population data
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss how productivity influences the standard of living Explain the limitations of GDP as a measure of the standard of living Analyze the relationship between GDP data and fluctuations in the standard of living
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