Principles of Macroeconomics: A Simplified Approach
Edition: 1
Copyright: 2024
Pages: 178
Edition: 1
Copyright: 2024
Pages: 178
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The textbook Principles of Macroeconomics: A Simplified Approach introduces pre-college and university students, who are in the first years of their studies, to the fundamental concepts and principles of Macroeconomics.
The text is focused on five modules. Following the introduction of microeconomic terms of macroeconomics, the text looks at the gross domestic product (GDP), growth and growth-related issues, inflation, and employment/unemployment (Module 1); basic macroeconomic relationships, aggregate demand and aggregate supply (Module 2); money, the banking system, the central bank, and the money creation process (Module 3); macroeconomic policy instruments, the impact of fiscal policy, and the role of monetary policy (Module 4); and the world of international trade and finance (Module 5).
MODULE 1 – GDP, Prices, and Employment
Chapter 1 – Introduction to Macroeconomics
Chapter 2 – GDP, National Income Accounting, and Growth
Chapter 3 – Unemployment, Inflation, and Business Cycles
MODULE 2 – Basic Macroeconomic Relationships, Aggregate Demand, Aggregate Supply
Chapter 4 – Basic Macroeconomic Relationships
Chapter 5 – Aggregate Demand and Aggregate Supply
MODULE 3 – Money and Banking
Chapter 6 – Money, Interest Rate, and Money Creation
Chapter 7 – The Banking System
MODULE 4 – Macroeconomic Policy
Chapter 8 – Fiscal Policy
Chapter 9 – Monetary Policy
MODULE 5 – International Economics
Chapter 10 – International Trade Trends and Theory
Chapter 11 – Balance of Payments and Exchange Rates
Full Professor of Economics at Winston-Salem State University, North Carolina, USA
Full Professor of Economics at Winston-Salem State University, North Carolina, USA