tailieunhanh - Principles of Macroeconomics

PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched | N. Gregory Mankiw FIFTH EDITION MONEY AND PRICES IN THE LONG RUN 11 The Monetary System 12 Money Growth and Inflation The monetary system is crucial in determining the long-run behavior of the price level the inflation rate and other nominal variables. THE MACROECONOMICS OF OPEN ECONOMIES 13 Open-Economy Macroeconomics Basic Concepts 14 A Macroeconomic Theory of the -Open Economy A nation s economic interactions with other nations are described by its trade balance net foreign investment and exchange rate. A long-run model of the open economy explains the determinants of the trade balance the real exchange rate and other real variables. SHORT-RUN ECONOMIC FLUCTUATIONS 15 Aggregate Demand and Aggregate Supply - 16 The Influence of Monetary and Fiscal Policy on Aggregate Demand 17 The Short-Run Trade-off between Inflation and Unemployment -- FINAL THOUGHTS 18 Five Debates over Macroeconomic Policy The model of aggregate demand and aggregate supply explains short-run economic fluctuations the short-run effects of monetary and fiscal policy and the short-run linkage between real and nominal variables. A capstone chapter presents both sides of five major debates over economic policy. Copyright 2009 Cengage Learning Inc. All Rights Reserved. May not be copied scanned or duplicated in whole or in part. Copyright 2009 Cengage Learning Inc. All Rights Reserved. May not be copied scanned or duplicated in whole or in .