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Principles of Macroeconomics

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Principles of Macroeconomics

Principles of Macroeconomics 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

EconomicsSocial Sciences
Author
Douglas Curtis and Ian Irvine
Publisher
Trent University & Concordia University
Source
LibreTexts
License
CC BY-NC-SA
Language
EN
Category
Economics
Read online Download PDF (open licence)
Contents· 121 sections
  1. 01: Introduction to key ideas
  2. 1.01: Whats it all about
  3. 1.02: Understanding through the use of models
  4. 1.03: Opportunity cost and the market
  5. 1.04: A model of exchange and specialization
  6. 1.05: Economy-wide production possibilities
  7. 1.06: Aggregate output growth and business cycles
  8. 1.07: Conclusion
  9. 1.08: Key Concepts
  10. 1.09: Exercises for Chapter 1
  11. 02: Theories data and beliefs
  12. 2.01: Data analysis
  13. 2.02: Data theory and economic models
  14. 2.03: Ethics efficiency and beliefs
  15. 2.04: Key Concepts
  16. 2.05: Exercises for Chapter 2
  17. 03: The classical marketplace demand and supply
  18. 3.01: The marketplace trading
  19. 3.02: The markets building blocks
  20. 3.03: Demand and supply curves
  21. 3.04: Non-price influences on demand
  22. 3.05: Non-price influences on supply
  23. 3.06: Simultaneous supply and demand impacts
  24. 3.07: Market interventions governments and interest groups
  25. 3.08: Individual and market functions
  26. 3.09: Useful techniques demand and supply equations
  27. 3.10: Conclusion
  28. 3.11: Key Concepts
  29. 3.12: Exercises for Chapter 3
  30. 04: Economic activity and performance
  31. 4.01: Macroeconomic performance
  32. 4.02: Canadian economic performance
  33. 4.03: National accounts
  34. 4.04: Measuring GDP
  35. 4.05: Nominal GDP real GDP and the GDP deflator
  36. 4.06: Per capita real GDP
  37. 4.07: Conclusion
  38. 4.09: Exercises for Chapter 4
  39. 05: Output business cycles growth and employment
  40. 5.01: Aggregate demand and aggregate supply
  41. 5.02: Equilibrium output and potential output
  42. 5.03: Growth in potential output
  43. 5.04: Business cycles and output gaps
  44. 5.05: Output gaps and unemployment rates
  45. 5.06: Adjustments to output gaps
  46. 5.07: The role of macroeconomic policy
  47. 5.08: Key Concepts
  48. 5.09: Exercises for Chapter 5
  49. 06: Aggregate expenditure and aggregate demand
  50. 6.01: Short-run aggregate demand and output
  51. 6.02: Aggregate expenditure
  52. 6.03: Aggregate expenditure and equilibrium output in the short run
  53. 6.04: The multiplier - Changes in aggregate expenditure and equilibrium output
  54. 6.05: Key Concepts
  55. 6.06: Exercises for Chapter 6
  56. 6.6: Key Concepts
  57. 07: The government sector
  58. 7.01: Government in Canada
  59. 7.02: Government expenditure and taxes
  60. 7.03: The governments budget function
  61. 7.04: Fiscal policy and government budget balances
  62. 7.05: Automatic and discretionary fiscal policy
  63. 7.06: The public debt and the budget balance
  64. 7.07: Aggregate demand and equilibrium output
  65. 7.08: Key Concepts
  66. 7.09: Exercises for Chapter 7
  67. 08: Money banking and money supply
  68. 8.01: Money and the functions of money
  69. 8.02: Measures of the Canadian money supply
  70. 8.03: Banking in Canada today
  71. 8.04: Money created by banks
  72. 8.05: The monetary base and the money supply
  73. 8.06: Key Concepts
  74. 8.07: Exercises for Chapter 8
  75. 09: Financial markets interest rates foreign exchange rates and AD
  76. 9.01: Portfolio choices between money and other assets
  77. 9.02: The demand for money balances
  78. 9.03: Financial market equilibrium and interest rates
  79. 9.04: Interest rates and foreign exchange rates
  80. 9.05: Interest rates exchange rates and aggregate demand
  81. 9.06: The transmission mechanism
  82. 9.07: Key Concepts
  83. 9.08: Exercises for Chapter 9
  84. 10: Central Banking and Monetary Policy
  85. 10.01: Central banking and the Bank of Canada
  86. 10.02: Central bank operating techniques
  87. 10.03: Monetary policy objectives and instruments targets
  88. 10.04: Monetary policy rules
  89. 10.05: Monetary policy indicators
  90. 10.06: Key Concepts
  91. 10.07: Exercises for Chapter 10
  92. 11: Inflation real GDP monetary policy and fiscal policy
  93. 11.01: Inflation and aggregate demand
  94. 11.02: Aggregate supply
  95. 11.03: The equilibrium inflation rate
  96. 11.04: Adjustments to output gaps
  97. 11.05: Monetary and fiscal policies
  98. 11.06: Recession disinflation and deflation
  99. 11.07: Key Concepts
  100. 11.08: Exercises for Chapter 11
  101. 12: Exchange rates monetary policy and fiscal policy
  102. 12.01: The balance of payments
  103. 12.02: The foreign exchange market
  104. 12.03: Flexible exchange rates and fixed exchange rates
  105. 12.04: Monetary and fiscal policy with flexible exchange rates
  106. 12.05: Monetary and fiscal policy with fixed exchange rates
  107. 12.06: Key Concepts
  108. 12.07: Exercises for Chapter 12
  109. 13: Economic growth
  110. 13.01: Patterns of economic growth
  111. 13.02: Growth in potential output
  112. 13.03: Growth in per capita GDP
  113. 13.04: Technology and growth in per capita output
  114. 13.05: Recent growth studies and policy issues
  115. 13.06: Conclusion
  116. 13.07: Key Concepts
  117. 13.08: Exercises for Chapter 13
  118. 14: The Building Blocks
  119. 15: Introduction to Macroeconomics
  120. 16: Financial Markets and Economic Activity
  121. 17: Real GDP Business Cycles Policy and Growth