Principles of Macroeconomics and Active Econ Package

I. INTRODUCTION TO ECONOMICS. 1. The Scope and Method of Economics. Why Study Economics? The Scope of Economics. The Methods of Economics. An Invitation. Appendix: How to Read and Understand Graphs. 2. The Economic Problem: Scarcity and Choice. Scarcity, Choice, and Opportunity Cost. Economic Systems. 3. Demand, Supply, and Market Equilibrium. Firms and Households: The Basic Decision-Making Units. Input Markets and Output Markets: The Circular Flow. Demand In Product/Output Markets. Supply In Product/Output Markets. Market Equilibrium. Demand and Supply in Product Markets: A Review. Looking Ahead: Markets and the Allocation of Resources. 4. The Price System and Demand and Supply. The Price System: Rationing and Allocating Resources. Supply and Demand Analysis: An Oil Import Fee. II. CONCEPTS AND PROBLEMS IN MACROECONOMICS. 5. Introduction to Macroeconomics. The Roots of Macroeconomics. Macroeconomic Concerns. Government in the Macroeconomy. The Components of the Macroeconomy. The Methodology of Macroeconomics. The U.S. Economy in the Twentieth Century: Trends and Cycles. 6. Measuring National Output and National Income. Gross Domestic Product. Calculating GDP. From GDP to Disposable Personal Income. Nominal Versus Real GDP. Limitations of the GDP Concept. 7. Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation. Long-Run Output and Productivity Growth. Recessions, Depressions, and Unemployment. Inflation. III. THE GOODS AND MONEY MARKETS. 8. Aggregate Expenditure and Equilibrium Output. Aggregate Output and Aggregate Income (Y). Equilibrium Aggregate Output (Income). The Multiplier. Appendix: Deriving the Multiplier Algebraically. 9. The Government and Fiscal Policy. Government in the Economy. Fiscal Policy at Work: Multiplier Effects. Adding the International Sector. The Federal Budget. The Economy''s Influence on the Government Budget. Appendix A: Deriving the Fiscal Policy Multipliers. Appendix B: The Case in Which Tax Revenues Depend on Income. 10. The Money Supply and the Federal Reserve System. An Overview of Money. How Banks Create Money. The Federal Reserve System. How the Federal Reserve Controls The Money Supply. 11. Money Demand, the Equilibrium Interest Rate, and Monetary Policy. The Demand For Money. The Equilibrium Interest Rate. Looking Ahead: The Federal Reserve and Monetary Policy. Appendix A: The Various Interest Rates in the U.S. Economy. Appendix B: The Demand for Money: A Numeral Example. IV. MACROECONOMIC ANALYSIS. 12. Money, the Interest Rate, and Output: Analysis and Policy. The Links Between The Goods Market and the Money Market. Combining The Goods Market and the Money Market. Other Determinants of Planned Investment. Appendix: The IS-LM Diagram. 13. Aggregate Demand, Aggregate Supply, and Inflation. The Aggregate Demand Curve. The Aggregate Supply Curve. The Equilibrium Price Level. The Long-Run Aggregate Supply Curve. Aggregate Demand, Aggregate Supply, and Monetary and Fiscal Policy. Causes of Inflation. 14. The Labor Market, Unemployment, and Inflation. The Labor Market: Basic Concepts. The Classical View of the Labor Market. Explaining The Existence of Unemployment. The Short-Run Relationship Between the Unemployment Rate and Inflation. The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment. 15. Macroeconomic Issues and Policy. The Effects of the Stock Market on the Economy. The Federal Reserve''s Response to the State of the Economy. Lags in the Economy''s Response to Monetary and Fiscal Policy. Government Budget Policy. Business Cycles in Other Countries. 16. Household and Firm Behavior in the Macroeconomy: A Further Look. Households: Consumption and Labor Supply Decisions. Firms: Investment and Employment Decisions. Productivity and the Business Cycle. The Relationship Between Output and Unemployment. The Size of the Multiplier. 17. Long-Run Growth. The Growth Process: From Agriculture to Industry. The Sources of Economic Growth. Growth and Productivity in the United States. Economic Growth and Public Policy. The Pros and Cons of Growth. 18. Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply Side Economics. Keynesian Economics. Monetarism. New Classical Macroeconomics. Supply-Side Economics. Testing Alternative Macroeconomic Models. V. THE WORLD ECONOMY. 19. International Trade, Comparative Advantage, and Protectionism. Trade Surpluses and Deficits. The Economic Basis for Trade: Comparative Advantage. The Sources of Comparative Advantage. Trade Barriers: Tariffs, Export Subsidies and Quotas. Free Trade or Protection? An Economic Consensus. 20. Open Economy Macroeconomics: The Balance of Payments and Exchange Rates. The Balance of Payments. Equilibrium Output (Income) In an Open Economy. The Open Economy With Flexible Exchange Rates. An Interdependent World Economy. Appendix: World Monetary Systems Since 1900. 21. Economic Growth in Developing and Transitional Economies. Life in the Developing Nations: Population and Poverty. Economic Development: Sources and Strategies. Issues in Economic Development. Economies in Transition. The End of the Soviet Union. The Transition to a Market Economy. Glossary. Solutions to Even-Numbered Problems. Index.Case, Karl is the author of 'Principles of Macroeconomics and Active Econ Package' with ISBN 9780130746450 and ISBN 0130746452.