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Macroeconomics 1e

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Macroeconomics 1e

This macroeconomics textbook distills the subject to its essential concepts, providing a clear and focused framework for understanding the workings of the overall economy. It is designed to complement the author’s microeconomics textbook (Microeconomics 1e) and to address a major gap in existing instructional materials: the treatment of modern U.S. monetary policy.

EconomicsSocial Sciences
Author
Martin Medeiros
Publisher
Chabot College
Source
LibreTexts
License
CC BY-NC-SA
Language
EN
Category
Economics
Read online Download PDF (open licence)
Contents· 86 sections
  1. 01: Overview
  2. 1.01: What is Economics
  3. 1.02: Scarcity and Choices
  4. 1.03: The Economy
  5. 1.04: Production Possibilities
  6. 1.05: Reality Shot
  7. 02: Supply and Demand
  8. 2.01: Free Markets and Efficiency
  9. 2.02: Free Markets - Sustainability
  10. 2.03: Free Markets Enhanced Growth
  11. 2.04: Supply and Demand A Form of Communication
  12. 2.05: Demand
  13. 2.06: Supply
  14. 2.07: Equilibrium
  15. 03: New Page
  16. 04: New Page
  17. 05: Gross Domestic Product
  18. 5.01: Making Sense of the Data
  19. 5.02: Gross Domestic Product
  20. 5.03: Missing Output
  21. 5.04: GDP and Spending
  22. 5.05: The Relationship between Expenditure Components and Economic Indicators
  23. 5.06: Real GDP vs Nominal GDP
  24. 06: Employment
  25. 6.01: Labor
  26. 6.02: Reporting on Labor - Bureau of Labor Statistics
  27. 6.03: Labor Force
  28. 6.04: Unemployment Rate
  29. 6.05: Types of Unemployment
  30. 6.06: Reasons for Unemployment
  31. 6.07: Full Employment
  32. 6.08: Payroll Employment
  33. 07: Inflation
  34. 7.01: Introduction
  35. 7.02: Understanding Inflation
  36. 7.03: Focusing on the Rate of Change
  37. 7.04: Measures of Inflation
  38. 7.05: Some Principles of Inflation
  39. 7.06: How Inflation Affects the Economy
  40. 7.07: What Causes Inflation
  41. 7.08: Consumer Price Index- Introduction
  42. 7.09: Market Basket
  43. 7.10: Expenditure Weight versus Relative Importance Weight
  44. 7.11: Limitations
  45. 7.12: The Market's Reaction
  46. 08: Business Cycle
  47. 8.01: Economic Activity
  48. 8.02: Failure of the Classical Theory
  49. 8.03: Business Cycle Stages
  50. 8.04: Measuring The Business Cycle
  51. 8.05: Leading Coincident and Lagging Economic Indicators
  52. 09: Aggregate Demand
  53. 9.01: The Great Depression
  54. 9.02: Depressions Recessions and the AS AD
  55. 9.03: Aggregate Demand
  56. 9.04: John Maynard Keynes
  57. 9.05: AD Shortfall
  58. 9.06: Consumption Function
  59. 9.07: Shifts in the Consumption Function vs Shifts in Aggregate Demand
  60. 10: Deficits and Debt
  61. 10.01: Macroeconomics Policy
  62. 10.02: Understanding Fiscal Policy and Deficits
  63. 10.03: Budget and Fiscal Responsibility
  64. 10.04: Discretionary vs Automatic Government Spending
  65. 10.05: Cyclical vs. Structural Deficits
  66. 10.06: Debt Burden
  67. 11: Fiscal Policy
  68. 11.01: The Economy is in Recession What to do
  69. 11.02: How much Stimulus
  70. 11.03: How big is the Multiplier
  71. 11.04: Government Spending vs. Tax Cuts
  72. 12: Money and Banks
  73. 12.01: How Monetary Policy Has Changed
  74. 12.02: Money and its Role Within the Income Circular-Flow
  75. 12.03: Money Classification (Aggregates)
  76. 12.04: Money Creation- Introduction
  77. 12.05: Money Creation- Banking Limits
  78. 13: The Federal Reserve
  79. 13.01: Central Banks
  80. 13.02: Creation of the Federal Reserve System
  81. 13.03: Structure of the Federal Reserve System
  82. 14: Modern Monetary Policy Implementation
  83. 14.01: The Role of Money in Monetary Policy
  84. 14.02: The Role of Banks in the Financial System
  85. 14.03: Administered Rates and the Fed's Monetary Policy Tools
  86. 14.04: From Policy Decision to Economic Outcome- The Transmission Mechanism