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The macroeconomy today

Author: Bradley R Schiller
Publisher: Boston : McGraw-Hill/Irwin, ©2003.
Edition/Format:   Print book : English : 9th edView all editions and formats
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Document Type: Book
All Authors / Contributors: Bradley R Schiller
ISBN: 0072471883 9780072471885
OCLC Number: 50042610
Notes: Includes index.
Description: xxv, 454, [16] pages : color illustrations ; 28 cm
Contents: pt. 1. Basic concepts --
1. Economics : the core issues --
The economy is us --
Scarcity : the core problem --
Production possibilities --
Basic decisions --
The mechanisms of choice --
What economics is all about --
Summary --
Appendix : using graphs --
The economy tomorrow : the intervene or not? --
2. The U.S. economy : a global view --
What America produces --
How America produces --
For who America produces --
Summary --
The economy tomorrow : levers of change --
3. Supply and demand --
Market participants --
The circular flow --
Demand --
Supply --
Equilibrium --
Market outcomes --
Summary --
The economy tomorrow : electric shock : energy-price spikes --
4. The public sector --
Market failure --
Growth of government --
Taxation --
Government failure --
Summary --
The economy tomorrow : downsizing government --
pt. 2. Measuring macro outcomes --
5. National-income accounting --
Measures of output --
The uses of output --
Measures of income --
The flow of income --
Summary--
The economy tomorrow : the quality of life --
6. Unemployment --
The labor force --
Measuring unemployment --
The human costs --Defining full employment --
The historical record --
Summary --
The economy tomorrow : a growing skills gap? --
7. Inflation --
What is inflation --
Redistributive effects of inflation --
Macro consequences --
Measuring inflation --
The goal : price stability --
The historical record --
Causes of inflation --
Protective mechanisms --
Summary --
The economy tomorrow : the end of inflation? --
pt. 3. Cyclical instability --
8. The business cycle --
Stable or unstable? --
Historical cycles --
A model of the macro economy --
Aggregate demand and supply --
Competing theories of short-run instability --
Long-run self-adjustment --
Summary --
The economy tomorrow : macro policy options --
9. Aggregate spending --
Macro equilibrium --
Consumption --
The consumption function --
Investment --
Government and net export spending --
Macro failure --
Summary --
The economy tomorrow : looking for AD shifts --
10. Self-adjustment or instability? --
Leakages and injections --
The multiplier process --
Macro equilibrium revisited --
Adjustment to an inflationary GDP gap --
Summary --
The economy tomorrow : maintaining consumer confidence. pt. 4. Fiscal policy options --
11. Fiscal policy --
Taxes and spending --
Fiscal stimulus --
Fiscal restraint --
Fiscal guidelines --
Summary --
The economy tomorrow : the concern for content --
12. Surpluses, deficits, and debt --
Budget effects of fiscal policy --
Economic effects of deficits --
Economic effects of surpluses --
The accumulation of debt --
Who owns the debt? --
Burden of the debt --
External debt --
Deficit and debt limits --
Summary --
The economy tomorrow : "saving social security" --
pt. 5. Monetary policy options --
13. Money and banks --
What is "money"? --
The money supply --
Creation of money --
The money multiplier --
Banks and circular flow --
Summary --
The economy tomorrow : when banks fail --
14. The Federal Reserve System --
Structure of the fed --
Monetary tools --
Increasing the money supply --
Decreasing the money supply --
Summary --
The economy tomorrow : is the fed losing control? --
15. Monetary policy --
The money market --
Interest rates and spending --
Policy constraints --
The monetarist perspective --
The concern for content --
Summary --
The economy tomorrow : which lever to pull? --
pt. 6. Supply-side options --
16. Supply-side policy : short-run options --
Aggregate supply --
Shape of the AS curve --
Shifts of the AS curve --
Tax incentives --
Human capital investment --
Deregulation --
Easing trade barriers --
Infrastructure development --
Expectations --
Summary --
The economy tomorrow : rebuilding America --
17. Growth and productivity : long-run possibilities --
The nature of growth --
Measures of growth --
Sources of growth --
Policy levers --
Summary --
The economy tomorrow : limitless growth? --
pt. 7. Policy constraints --
18. Global macro --
International trade --
Trade imbalances --
International finance --
Capital imbalances --
Productivity and competitiveness --
Global coordination --
Summary --
The economy tomorrow : a global currency? --
19. Theory and reality --
Policy levers --
Idealized uses --
The economic record --
Why things don't always work --
Summary --
The economy tomorrow : hands on or hands off? --
pt. 8. International economics --
20. International trade --
U.S. trade patterns --
Motivation to trade --
Pursuit of comparative advantage --
Terms of trade --
Protectionist pressures --
Barriers to trade --
Summary --
The economy tomorrow : an increasingly global market --
21. International finance --
Exchange rates : the global link --
Foreign-exchange markets --
Market dynamics --
Resistance to exchange-rate changes --
Exchange-rate intervention --
Summary --
The economy tomorrow : currency bailouts --
Glossary.
Other Titles: Macro economy today
Responsibility: Bradley R. Schiller.

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