About the book

Foundations of Macroeconomics, 8th Edition introduces students to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts.

The text does four core things to help students grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, students will have the foundational knowledge of how the economy works and can apply it to their lives going forward.

Content:

PART 1: INTRODUCTION

1. Getting Started

2. The U.S. and Global Economies

3. The Economic Problem

4. Demand and Supply

PART 2: MONITORING THE MACROECONOMY

5. GDP: A Measure of Total Production Income

6. Jobs and Unemployment

7. The CPI and the Cost of Living

PART 3: THE REAL ECONOMY

8. Potential GDP and the Natural Unemployment Rate

9. Economic Growth

10. Finance, Saving, and Investment

PART 4: THE MONEY ECONOMY

11. The Monetary System

12. Money, Interest, and Inflation

PART 5: ECONOMIC FLUCTUATIONS

13. Aggregate Supply and Aggregate Demand

14. Aggregate Expenditure Multiplier

15. The Short-Run Policy Tradeoff

PART 6: PRICES, PROFITS, AND INDUSTRY PERFORAMANCE

16. Fiscal Policy

17. Monetary Policy

18. International Trade Policy

19. International Finance