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Principles Of Macroeconomics - Text Only

Principles Of Macroeconomics - Text Only - 2nd edition

ISBN13: 978-0538868198

Cover of Principles Of Macroeconomics - Text Only 2ND 99 (ISBN 978-0538868198)
ISBN13: 978-0538868198
ISBN10: 0538868198
Cover type:
Edition/Copyright: 2ND 99
Publisher: South-Western Publishing Co.
Published: 1999
International: No

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Principles Of Macroeconomics - Text Only - 2ND 99 edition

ISBN13: 978-0538868198

Fred Gottheil

ISBN13: 978-0538868198
ISBN10: 0538868198
Cover type:
Edition/Copyright: 2ND 99
Publisher: South-Western Publishing Co.

Published: 1999
International: No
Summary

This text conveys the principles of macroeconomics in a superb conversational style through a series of extended examples that students relate and respond to. Students are discouraged from simply memorizing facts and engaged in active learning. Maintains a focus on presenting basic concepts in depth and developing the analysis step-by-step, rather than covering hundreds of topics superficially.

ECONOMICS ON THE 'NET margin notes show where to find and how to use the best economic resources on the Internet. A Gottheil Web site supports all in-text Internet features as well as providing additional teaching and learning resources.

ECONOMIC CONSULTANTS features place students in the role of the economist for a hypothetical economic research and analysis firm. These features require economic thinking and analysis, asking students to prepare a report addressing fundamental economic issues. Useful Internet addresses are included to help with research and analysis.

CHECK YOUR UNDERSTANDING features raise questions at key junctures in the text for students to assess their comprehension as they read. Arrows then point to the portion of the text that contains the explanation.

PRACTICE TESTS at the end of each chapter present 8-10 multiple choice problems like those typically found on an exam, addressing the key principles in the chapter. Students can quickly assess their understanding of the chapter before moving on to the Questions and Problems, as well as practice for taking exams. Answers are found in a text-ending appendix.

End-of-chapter QUESTIONS tests students' understanding of qualitative concepts covered in the chapter, while new PRACTICE PROBLEMS test their ability with quantitative or graphical techniques.

Exhibits illustrate key graphical concepts in a clear, efficient manner. New KEY GRAPHS highlight those exhibits which demonstrate crucial principles.

ECONOMICS CHAT part openers capture real-life student conversations about economics, demonstrating why the chapters that follow are important.

Focuses on only the key economic principles that students need to understand, and conveys these principles through stories, conversations, explanations, and powerful examples that students relate to and will therefore remember.

ADDED PERSPECTIVE boxes show how the economic principles introduced in the chapter relate to real-world events. Many of them are illustrations of the social science foundations of economics. Most ADDED PERSPECTIVES feature a question for further consideration and Internet addresses for further exploration.

Other pedagogy includes chapter-opening LEARNING OBJECTIVES, in-chapter MARGIN DEFINITIONS, and end-of-chapter CHAPTER REVIEW and KEY TERMS.

"I found the text very easy to understand and relate to the real world. It's the most student-oriented text so far in my education!"

Student, Wittenberg University

"The author...engages students on an almost personal basis...it should certainly stir the student's interest. The anecdotes and many examples should make for an effective learning experience, and makes the teacher's job that much easier."

Alan Kessler, Providence College

"Too many textbook writers can't write, but Gottheil's prose is refreshing and unpretentious, sure to engage students and get them involved in the material."

Bruce K. Johnson, Centre College

"I especially like the frequent use of what I would describe as almost a dialogue format. It is as if the author is carrying on a conversation with the reader...I think this is a style that helps to keep students' attention."

Peter Pedroni, Indiana University

Author Bio

Gottheil, Fred : University of Illinois at Urbana-Champaign

Fred M. Gottheil is a professor economics at the University of Illinois in Urbana-Champaign. He came to Illinois in 1960, planning to spend one year before returning to his native Canada. But he fell in love with the campus, the community, and the Midwest, and has been at Illinois ever since. He earned his undergraduate degree at McGill University in Montreal, Canada and his Ph.D. at Duke University. His primary teaching is the principles of economics, and on occasion, he has taught the histroy of economic thought, Marxian economics, and the economics of the Middle East. He is the author of Marx's Economic Predictions and numerous articles that have appeared in scholarly journals, among them the "American Economic Review", the "Canadian Journal of Economics", the "Journal of Post-Keynesian Economics" and the "Middle East Reviews." He has also contributed articles to several edited books on the Middle East. Although he enjoys research, his labor of love is teaching the principles course. His classes have been as large as 1,800 students. He has won the department's annual excellence-in-teaching award in economics 12 times during the past dozen years and, along with his college and university-wide teaching awards, holds the distinction of having won the most teaching awards on the Urbana campus. Aside from his research and publications as a professor of economics, Professor Gottheil is also the university's medical faculty, co-teaching the College of Medicine's course on medicine and society. As well, he is director of the University of Illinois's Center of Economic Education. In this capacity, he organizes and team-teaches minicourses and workshops on the principles of economics. He was a White House consultant on the Middle East during the Carter Administration and offered expert testimony to several congressional committees. Professor Gottheil was a visiting professor at Northwester University and at a Hebrew University in Jerusalem, Israel.

Table of Contents

PART I. THE BASICS OF ECONOMIC ANALYSIS.

1. Introduction.
2. Production Possibilities and Opportunity Costs.
3. Demand and Supply.

PART II. EMPLOYMENT, INFLATION, AND FISCAL POLICY.

4. Aggregate Demand and Aggregate Supply.
5. Gross Domestic Product Accounting.
6. Consumption and Investment.
7. Equilibrium National Income.
8. Fiscal Policy: Coping with Inflation and Unemployment.
9. Economic Growth, Business Cycles, and Countercyclical Fiscal Policy.

PART III. MONEY, BANKING, AND MONETARY POLICY.

10. Money.
11. Money Creation and the Banking System.
12. The Federal Reserve System and Monetary Policy.

PART IV. GOVERNMENT AND THE MACROECONOMY.

13. Can Government Really Stabilize the Economy?
14. Government Spending.
15. Financing Government: Taxes and Debt.

PART V. THE WORLD ECONOMY.

16. International Trade.
17. Exchange Rates, Balance of Payments, and International Debt.
18. Economic Problems of Less-Developed Economics.

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