Book Description
Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course.
Examples are domestic and international in their subject matter and are of the modern era - financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included.
This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks.
This open book is licensed under a Creative Commons License (CC BY-NC-SA). You can download Principles of Macroeconomics ebook for free in PDF format (2.4 MB).
Table of Contents
Part One
The Building Blocks
Chapter 1
Introduction to key ideas
Chapter 2
Theories, data and beliefs
Chapter 3
The classical marketplace - demand and supply
Part Two
Introduction to Macroeconomics
Chapter 4
Economic activity & performance
Chapter 5
Output, business cycles, growth & employment
Chapter 6
Aggregate expenditure & aggregate demand
Chapter 7
The government sector
Part Three
Financial Markets & Economic Activity
Chapter 8
Money, banking & money supply
Chapter 9
Financial markets, interest rates, foreign exchange rates & AD
Chapter 10
Central banking and monetary policy
Part Four
Real GDP, Business Cycles, Policy and Growth
Chapter 11
Inflation, real GDP, monetary policy & fiscal policy
Chapter 12
Exchange rates, monetary policy, and fiscal policy
Chapter 13
Economic growth