Principles of Macroeconomics

The study of economics has always been fascinating, yet it is difficult to remember a more exciting or important time in the discipline. This book includes - Macroeconomics and the Economic Perspective; The process system; Households and firms in the labor and capital markets; Measurement of economic output and unemployment; The cost of living and inflation; The full-employment model; Government finance at full employment; The open economy at full employment; Economic growth; Money, the price level, and the federal reserve; Introduction to macroeconomic fluctuations; Aggregate expenditures and income; Aggregate demand and inflation; The federal reserve and interest rates; The role of macroeconomic policy; International trade and trade policy; The international financial system; Policy in the open economy; Development and transition; Inflation and unemployment; Controversies in macroeconomic policy; A student's guide to investing.