Principles of Macroeconomics: Building the Modern Economy
Edition: 1
Copyright: 2026
Pages: 966
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$125.00 USD
Principles of Macroeconomics: Building the Modern Economy covers the basic principles of economics, including scarcity, opportunity cost, economic models, trade, markets, and price determination. It examines how economic performance is measured through GDP, the cost of living, employment, and economic growth. The course also covers the financial system, money, banking, the Federal Reserve, inflation, and the open economy. The final chapters focus on macroeconomic fluctuations, aggregate demand and supply, monetary and fiscal policy, and the relationship between inflation and unemployment.
Chapter 1: Economics Is About Choices Under Scarcity
Chapter 2: Economic Models, the PPF, and How to Read a Graph
Chapter 3: Trade Makes Both Sides Richer
Chapter 4: How Markets Set Prices
Chapter 5: Measuring What the Economy Produces (GDP)
Chapter 6: Measuring the Cost of Living
Chapter 7: Long-Run Economic Growth
Chapter 8: The Financial System
Chapter 9: Who Is Working, Who Is Not, and Why
Chapter 10: Money, Banking, and the Federal Reserve
Chapter 11: Money Growth, Inflation, and the Long Run
Chapter 12: The Open Economy: Basic Concepts
Chapter 13: A Macroeconomic Theory of the Open Economy
Chapter 14: Short-Run Fluctuations: Aggregate Demand and Aggregate Supply
Chapter 15: Monetary and Fiscal Policy
Chapter 16: The Short-Run Trade-off Between Inflation and Unemployment