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 whether monetary policy decisions should be made more democratically Calculate the velocity of money Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles Calculate the effects of monetary stimulus
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain merchandise trade balance, current account balance, and unilateral transfers Identify components of the U.S. current account balance Calculate the merchandise trade balance and current account balance using import and export data for a country
By the end of this section, you will be able to: Identify …
By the end of this section, you will be able to:
Identify three ways in which borrowing money or running a trade deficit can result in a healthy economy Identify three ways in which borrowing money or running a trade deficit can result in a weaker economy
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain real GDP, recessionary gaps, and inflationary gaps Recognize the Keynesian AD/AS model Identify the determining factors of both consumption expenditure and investment expenditure Analyze the factors that determine government spending and net exports
By the end of this section, you will be able to: Evaluate …
By the end of this section, you will be able to:
Evaluate the Keynesian view of recessions through an understanding of sticky wages and prices and the importance of aggregate demand Explain the coordination argument, menu costs, and macroeconomic externality Analyze the impact of the expenditure multiplier
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the importance of potential GDP in the long run Analyze the role of flexible prices Interpret a neoclassical model of aggregate demand and aggregate supply Evaluate different ways for measuring the speed of macroeconomic adjustment
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