External

ECON21003 Principles of Macroeconomics

Business

Author: Kayla Sapkota
Publisher: Arkansas State University-Beebe
Source: LibreTexts
License: CC BY
Language: EN
Category: Economics

Read online Download PDF (open licence)

Contents· 141 sections

01: Welcome to Economics
1.01: Introduction
1.02: What Economics Is and Why is it Important
1.03: Microeconomics and Macroeconomics
1.04: How Economists Use Theories and Models to Understand Economic Issues
1.05: How Economies Can Be Organized- An Overview of Economic Systems
1.06: Key Terms
1.07: Key Concepts and Summary
02: Choice in a World of Scarcity
2.01: Introduction to Choice in a World of Scarcity
2.02: How Individuals Make Choices Based on Their Budget Constraint
2.03: The Production Possibilities Frontier and Social Choices
2.04: Confronting Objections to the Economic Approach
2.05: Key Terms
2.06: Key Concepts and Summary
03: Demand and Supply
3.01: Introduction to Demand and Supply
3.02: Demand Supply and Equilibrium in Markets for Goods and Services
3.03: Shifts in Demand and Supply for Goods and Services
3.04: Changes in Equilibrium Price and Quantity- The Four-Step Process
3.05: Price Ceilings and Price Floors
3.06: Demand Supply and Efficiency
3.07: Key Terms
3.08: Key Concepts and Summary
04: The International Trade and Capital Flows
4.01: Introduction to the International Trade and Capital Flows
4.02: Measuring Trade Balances
4.03: Trade Balances in Historical and International Context
4.04: Trade Balances and Flows of Financial Capital
4.05: The National Saving and Investment Identity
4.06: The Pros and Cons of Trade Deficits and Surpluses
4.07: The Difference between Level of Trade and the Trade Balance
4.08: Key Terms
4.09: Key Concepts and Summary
05: Labor and Financial Markets
5.01: Introduction to Labor and Financial Markets
5.02: Demand and Supply at Work in Labor Markets
5.03: Demand and Supply in Financial Markets
5.04: The Market System as an Efficient Mechanism for Information
5.05: Key Terms
5.06: Key Concepts and Summary
06: The Macroeconomic Perspective and GDP
6.01: Introduction to the Macroeconomic Perspective
6.02: Measuring the Size of the Economy- Gross Domestic Product
6.03: Adjusting Nominal Values to Real Values
6.04: Tracking Real GDP over Time
6.05: Comparing GDP among Countries
6.06: How Well GDP Measures the Well-Being of Society
6.07: Key Terms
6.08: Key Concepts and Summary
07: Economic Growth
7.01: Introduction to Economic Growth
7.02: The Relatively Recent Arrival of Economic Growth
7.03: Labor Productivity and Economic Growth
7.04: Components of Economic Growth
7.05: Economic Convergence
7.06: Key Terms
7.07: Key Concepts and Summary
08: Inflation
8.01: Introduction to Inflation
8.02: Tracking Inflation
8.03: How to Measure Changes in the Cost of Living
8.04: How the U.S. and Other Countries Experience Inflation
8.05: The Confusion Over Inflation
8.06: Indexing and Its Limitations
8.07: Key Terms
8.08: Key Concepts and Summary
09: Introduction to Finance
9.01: Why It Matters
9.02: What Is Finance
9.03: The Role of Finance in an Organization
9.04: Importance of Data and Technology
9.05: Careers in Finance
9.06: Markets and Participants
9.07: Microeconomic and Macroeconomic Matters
9.08: Financial Instruments
9.09: Concepts of Time and Value
9.10: Summary
9.11: Key Terms
10: Unemployment
10.01: Introduction to Unemployment
10.02: How Economists Define and Compute Unemployment Rate
10.03: Patterns of Unemployment
10.04: What Causes Changes in Unemployment over the Short Run
10.05: What Causes Changes in Unemployment over the Long Run
10.06: Key Terms
10.07: Key Concepts and Summary
11: Money and Banking
11.01: Introduction to Money and Banking
11.02: Defining Money by Its Functions
11.03: Measuring Money- Currency M1 and M2
11.04: The Role of Banks
11.05: How Banks Create Money
11.06: Key Terms
11.07: Key Concepts and Summary
12: Monetary Policy and Bank Regulation
12.01: Introduction to Monetary Policy and Bank Regulation
12.02: The Federal Reserve Banking System and Central Banks
12.03: Bank Regulation
12.04: How a Central Bank Executes Monetary Policy
12.05: Monetary Policy and Economic Outcomes
12.06: Pitfalls for Monetary Policy
12.07: Key Terms
12.08: Key Concepts and Summary
13: Government Budgets and Fiscal Policy
13.01: Introduction to Government Budgets and Fiscal Policy
13.02: Government Spending
13.03: Taxation
13.04: Federal Deficits and the National Debt
13.05: Using Fiscal Policy to Fight Recession Unemployment and Inflation
13.06: Automatic Stabilizers
13.07: Practical Problems with Discretionary Fiscal Policy
13.08: The Question of a Balanced Budget
13.09: Key Terms
13.10: Key Concepts and Summary
14: The Aggregate Demand Aggregate Supply Model
14.01: Introduction to the Aggregate Demand Aggregate Supply Model
14.02: Macroeconomic Perspectives on Demand and Supply
14.03: Building a Model of Aggregate Demand and Aggregate Supply
14.04: Shifts in Aggregate Supply
14.05: Shifts in Aggregate Demand
14.06: How the AD AS Model Incorporates Growth Unemployment and Inflation
14.07: Keynes Law and Says Law in the AD AS Model
14.08: Key Terms
14.09: Key Concepts and Summary
15: Exchange Rates and International Capital Flows
15.01: Introduction to Exchange Rates and International Capital Flows
15.02: How the Foreign Exchange Market Works
15.03: Demand and Supply Shifts in Foreign Exchange Markets
15.04: Macroeconomic Effects of Exchange Rates
15.05: Exchange Rate Policies
15.06: Key Terms
15.07: Key Concepts and Summary
16: International Trade
16.01: Introduction to International Trade
16.02: Absolute and Comparative Advantage
16.03: What Happens When a Country Has an Absolute Advantage in All Goods
16.04: Intra-industry Trade between Similar Economies
16.05: The Benefits of Reducing Barriers to International Trade
16.06: Key Terms
16.07: Key Concepts and Summary