Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.
By the end of this section, you will be able to: Identify …
By the end of this section, you will be able to:
Identify the demanders and suppliers in a financial market Explain how interest rates can affect supply and demand Analyze the economic effects of U.S. debt in terms of domestic financial markets Explain the role of price ceilings and usury laws in the U.S.
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze whether monetary policy decisions should be made more democratically Calculate the velocity of money Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles Calculate the effects of monetary stimulus
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the national saving and investment identity in terms of demand and supply Evaluate the role of budget surpluses and trade surpluses in national saving and investment identity
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the determinants of trade and current account balance Identify and calculate supply and demand for financial capital Explain how a nation's own level of domestic saving and investment determines a nation's balance of trade Predict the rising and falling of trade deficits based on a nation's saving and investment identity
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the connection between trade balances and financial capital flows Calculate comparative advantage Explain balanced trade in terms of investment and capital flows
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