Principles of macroeconomics /
Robert H. Frank ...[et al.].
- 6th ed.
- New York, McGraw-Hill Education, 2016.
- xxviii, 430 p. : ill. ; 28 cm.
Thinking like an economist -- Comparative advantage -- Supply and demand -- Spending, income, and GDP -- Inflation and the price level -- Wages and unemployment -- Economic growth -- Saving, capital formation, and financial markets -- Money, prices, and financial intermediaries -- Short-term economic fluctuations -- Spending, output, and fiscal policy -- Monetary policy and the federal reserve -- Aggregate demand, aggregate supply, and business cycles -- Macroeconomic policy -- Exchange rates, international trade, and capital flows Table of contents
With questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. They encourage students to become "economic naturalists:" people who employ basic economic principles to explain what they observe in the world around them.