| 000 | 32919cam a2207285 i 4500 | ||
|---|---|---|---|
| 001 | 160447 | ||
| 008 | 130705s20152015at a 001 0 eng | ||
| 020 |
_a1285165918 _q(paperback) |
||
| 020 |
_a9781285165912 _q(paperback) |
||
| 040 |
_aDLC _beng _erda _cDLC _dTR-IsMEF |
||
| 041 | 0 | _aeng | |
| 049 | _aTR-IsMEF | ||
| 050 | 0 | 0 |
_aHB172.5 _b.M356 2015 |
| 100 | 1 |
_aMankiw, N. Gregory, _eauthor |
|
| 245 | 1 | 0 |
_aPrinciples of Macroeconomics / _cN. Gregory Mankiw. |
| 250 | _aSeventh Edition. | ||
| 264 | 1 |
_aAustralia : _bCENTGAGE Learning, _c[2015] |
|
| 300 |
_axxiv, 551 pages : _billustrations ; _c26 cm |
||
| 336 |
_atext _btxt _2rdacontent |
||
| 337 |
_aunmediated _bn _2rdamedia |
||
| 338 |
_avolume _bnc _2rdacarrier |
||
| 500 | _aIncludes index. | ||
| 650 | 0 | _aMacroeconomics. | |
| 900 | _aMEF Üniversitesi Kütüphane katalog kayıtları RDA standartlarına uygun olarak üretilmektedir / MEF University Library Catalogue Records are Produced Compatible by RDA Rules | ||
| 910 | _aPandora | ||
| 942 |
_2lcc _cBKS _08 |
||
| 970 | 0 | 1 |
_aPreface: to the student, _pviii. |
| 970 | 0 | 1 |
_aAcknowledgments, _px. |
| 970 | 1 | 2 |
_tIntroduction, _p1. |
| 970 | 1 | 2 |
_tTen principles of economics, _p3. |
| 970 | 1 | 1 |
_tHow people make decisions, _p4. |
| 970 | 1 | 1 |
_tPeople face trade-offs, _p4. |
| 970 | 1 | 1 |
_tThe cost of something is what tou give up to get it, _p5. |
| 970 | 1 | 1 |
_tRational people think at the margin, _p6. |
| 970 | 1 | 1 |
_tPeople respond to incentives, _p7. |
| 970 | 1 | 1 |
_tThe incentive effects of gasoline prices, _p8. |
| 970 | 1 | 1 |
_tHow people interact, _p9. |
| 970 | 1 | 1 |
_tTrade can make everyone better off, _p9. |
| 970 | 1 | 1 |
_tMarkets are usually a good way to organize economic activity, _p10. |
| 970 | 1 | 1 |
_tGovernments can sometimes improve market outcomes, _p11. |
| 970 | 1 | 1 |
_tAdam Smith and the invisible hand, _p11. |
| 970 | 1 | 2 |
_tHow the economy as a whole works, _p13. |
| 970 | 1 | 1 |
_tA country's standard of living depends on its ability to produce goods and services, _p13. |
| 970 | 1 | 1 |
_tPrices rise when the government prints too much money, _p13. |
| 970 | 1 | 1 |
_tWhy you should study economics, _p14. |
| 970 | 1 | 1 |
_tSociety faces a short-run trade-off between inflation and unemployment, _p15. |
| 970 | 0 | 1 |
_aConclusion, _p16. |
| 970 | 0 | 1 |
_aSummary, _p16. |
| 970 | 0 | 1 |
_aKey concepts, _p17. |
| 970 | 0 | 1 |
_aQuestions for review, _p17. |
| 970 | 0 | 1 |
_aProblems and applications, _p18. |
| 970 | 1 | 2 |
_tThinking like and economist, _p19. |
| 970 | 1 | 1 |
_tThe economicst and scientist, _p20. |
| 970 | 1 | 1 |
_tThe scientific method: observation, theory and more observation, _p20. |
| 970 | 1 | 1 |
_tThe role of assumptions, _p21. |
| 970 | 1 | 1 |
_tEconomic models, _p22. |
| 970 | 1 | 1 |
_tOur first model: the circular-flow diagram, _p22. |
| 970 | 1 | 1 |
_tOur second model: the production possibilities frontier, _p24. |
| 970 | 1 | 1 |
_tMicroeconomics and macroeconomics, _p27. |
| 970 | 1 | 1 |
_tThe economist as policy adviser, _p27. |
| 970 | 1 | 1 |
_tPositive versus normative analysis, _p28. |
| 970 | 1 | 1 |
_tEconomists in Washington, _p28. |
| 970 | 1 | 1 |
_tWhy economists' advice is not always followed, _p29. |
| 970 | 1 | 1 |
_tDifferences in scientific judgements, _p30. |
| 970 | 1 | 1 |
_tDifferences in values, _p31. |
| 970 | 1 | 1 |
_tPerception versus reality, _p31. |
| 970 | 1 | 1 |
_tactual economists and virtual realities, _p33. |
| 970 | 0 | 1 |
_a2-4 let's get going, _p34. |
| 970 | 0 | 1 |
_aSummary, _p34. |
| 970 | 0 | 1 |
_aKey concepts, _p34. |
| 970 | 0 | 1 |
_aQuestions for review, _p35. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p35. |
| 970 | 0 | 1 |
_aProblems and applications, _p35. |
| 970 | 0 | 1 |
_aAppendix Graphing: A brief review, _p37. |
| 970 | 1 | 1 |
_tGraphs of a single variable, _p37. |
| 970 | 1 | 1 |
_tGraphs of two variables: the coordinate system, _p38. |
| 970 | 1 | 1 |
_tCurves in the coordinate system, _p39. |
| 970 | 1 | 1 |
_tSlope, _p41. |
| 970 | 1 | 1 |
_tCause and effect, _p43. |
| 970 | 1 | 2 |
_tInterpredence and the gains from trade, _p47. |
| 970 | 1 | 1 |
_tA parable for the modern economy, _p48. |
| 970 | 1 | 1 |
_tProduction possibilities, _p48. |
| 970 | 1 | 1 |
_tSpecialization and trade, _p50. |
| 970 | 1 | 1 |
_tComparative advantage: the driving force of specilization, _p52. |
| 970 | 1 | 1 |
_tAbsolute advantage, _p52. |
| 970 | 1 | 1 |
_tOpportunity cost and comparative advantage, _p52. |
| 970 | 1 | 1 |
_tComparative advantage and trade, _p53. |
| 970 | 1 | 1 |
_tThe price of the trade, _p54. |
| 970 | 1 | 1 |
_tThe legacy of Adam Smith and David Ricardo, _p55. |
| 970 | 1 | 1 |
_tApplications of comparative advantage, _p55. |
| 970 | 1 | 1 |
_tShould Tom Brady mow his own lawn?, _p55. |
| 970 | 1 | 1 |
_tEconomics within a marriage, _p56. |
| 970 | 1 | 1 |
_tShould the United States Trade with other countries?, _p57. |
| 970 | 0 | 1 |
_a3-4 conclusion, _p58. |
| 970 | 0 | 1 |
_aSummary, _p59. |
| 970 | 0 | 1 |
_aKey concepts, _p59. |
| 970 | 0 | 1 |
_aQuestions for review, _p59. |
| 970 | 0 | 1 |
_aQuich check multiple choice, _p59. |
| 970 | 0 | 1 |
_aProblems and applications, _p60. |
| 970 | 1 | 2 |
_tHow Markets work, _p63. |
| 970 | 1 | 2 |
_tThe market forces of supply and demand, _p65. |
| 970 | 1 | 1 |
_tMarkets and competition, _p65. |
| 970 | 1 | 1 |
_tWhat is a market?, _p66. |
| 970 | 1 | 1 |
_tWhat is compeitition, _p66. |
| 970 | 1 | 1 |
_tDemand, _p67. |
| 970 | 1 | 1 |
_tThe demand curve: the relationship between price and quantity demanded, _p67. |
| 970 | 1 | 1 |
_tMarket demand versus individual demand, _p68. |
| 970 | 1 | 1 |
_tShifts in the demand curve, _p69. |
| 970 | 1 | 1 |
_tTwo ways to reduce the quantity of smoking demanded, _p71. |
| 970 | 1 | 1 |
_tSupply, _p73. |
| 970 | 1 | 1 |
_tThe supply curve: the relationship between price and quantity supplied, _p73. |
| 970 | 1 | 1 |
_tMarket supply versus individual supply, _p74. |
| 970 | 1 | 1 |
_tShifts in the demand curve, _p75. |
| 970 | 1 | 1 |
_tSupply and demand together, _p77. |
| 970 | 1 | 1 |
_tEquilibrium, _p77. |
| 970 | 1 | 1 |
_tThree steps to analyzing changes in equilibrium, _p79. |
| 970 | 1 | 1 |
_tConclusion: how price allocate resources, _p83. |
| 970 | 1 | 1 |
_tPrice increases after disasters, _p84. |
| 970 | 0 | 1 |
_aSummary, _p84. |
| 970 | 0 | 1 |
_aKey concepts, _p86. |
| 970 | 0 | 1 |
_aQuestions for review, _p86. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p86. |
| 970 | 0 | 1 |
_aProblems and applications, _p87. |
| 970 | 1 | 2 |
_tElasticity and its application, _p89. |
| 970 | 1 | 1 |
_tThe elasticity of demand, _p90. |
| 970 | 1 | 1 |
_tThe price elasticity of demand and its determinants, _p90. |
| 970 | 1 | 1 |
_tComputing the price elasticity of demand, _p91. |
| 970 | 1 | 1 |
_tThe midpoint method: a better way to calculate percentage changes and elasticities, _p91. |
| 970 | 1 | 1 |
_tThe variety of demand curves, _p92. |
| 970 | 1 | 1 |
_tTotal revenue and the price elasticity of demand, _p94. |
| 970 | 1 | 1 |
_tA few elasticities from the real world, _p94. |
| 970 | 1 | 1 |
_tElasticity and total revenue along a linear demand curve, _p96. |
| 970 | 1 | 1 |
_tOther demand elasticities, _p97. |
| 970 | 1 | 1 |
_tThe elasticity of supply, _p98. |
| 970 | 1 | 1 |
_tThe price elasticity of supply and its determinants, _p98. |
| 970 | 1 | 1 |
_tComputing the price elasticity of supply, _p99. |
| 970 | 1 | 1 |
_tThe variety of supply curves, _p99. |
| 970 | 1 | 1 |
_tThree applications of supply, demand, and elasticity, _p101. |
| 970 | 1 | 1 |
_tCan good news for farming be bad news for farmers?, _p102. |
| 970 | 1 | 1 |
_tWhy did OPEC fail to keep the price of oil high?, _p104. |
| 970 | 1 | 1 |
_tDoes drug interdiction increase of decrease drug-related crime?, _p105. |
| 970 | 0 | 1 |
_a5-4 conclusion, _p107. |
| 970 | 0 | 1 |
_aSummary, _p107. |
| 970 | 0 | 1 |
_aKey concepts, _p108. |
| 970 | 0 | 1 |
_aQuestions for review, _p108. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p108. |
| 970 | 0 | 1 |
_aProblems and applications, _p109. |
| 970 | 1 | 2 |
_tSupply, demand and government policies, _p111. |
| 970 | 1 | 1 |
_tControls and prices, _p112. |
| 970 | 1 | 1 |
_tHow price cellings affect market outcomes, _p112. |
| 970 | 1 | 1 |
_tLineas at the gas pump, _p114. |
| 970 | 1 | 1 |
_tRent control in the short run and the long run, _p115. |
| 970 | 1 | 1 |
_tHow price floors affect market outcomes, _p116. |
| 970 | 1 | 1 |
_tThe minimum wage, _p117. |
| 970 | 1 | 1 |
_tEvaluating price controls, _p119. |
| 970 | 1 | 1 |
_tVenezuela versus the market, _p120. |
| 970 | 1 | 1 |
_tTaxes, _p121. |
| 970 | 1 | 1 |
_tHow taxes on sellers affect market outcomes, _p122. |
| 970 | 1 | 1 |
_tHow taxes on buyers affect market outcomes, _p123. |
| 970 | 1 | 1 |
_tCan congress distribute the burden of a payroll tax?, _p125. |
| 970 | 1 | 1 |
_tElasticity and tax incidence, _p126. |
| 970 | 1 | 1 |
_tWho pays the luxury tax?, _p128. |
| 970 | 0 | 1 |
_a6-3 conclusion, _p128. |
| 970 | 0 | 1 |
_aSummary, _p129. |
| 970 | 0 | 1 |
_aKey concepts, _p129. |
| 970 | 0 | 1 |
_aQuestions for review, _p129. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p129. |
| 970 | 0 | 1 |
_aProblems and applications, _p130. |
| 970 | 1 | 2 |
_tMarkets and welfare, _p133. |
| 970 | 1 | 2 |
_tConsumers, procuders and the efficiency of markets, _p135. |
| 970 | 1 | 1 |
_tConsumer surplus, _p136. |
| 970 | 1 | 1 |
_tWillingness to pay, _p136. |
| 970 | 1 | 1 |
_tUsing the demand curve to measure consumer surplus, _p137. |
| 970 | 1 | 1 |
_tHow a lower price raises consumer surplus, _p138. |
| 970 | 1 | 1 |
_tWhat does consumer surplus measure?, _p139. |
| 970 | 1 | 1 |
_tProcuder surplus, _p141. |
| 970 | 1 | 1 |
_tCost and the willingness to sell, _p141. |
| 970 | 1 | 1 |
_tUsing the supply curve to measure producer surplus, _p142. |
| 970 | 1 | 1 |
_tHow a higher price raises producer surplus, _p143. |
| 970 | 1 | 1 |
_tMarket efficiency, _p144. |
| 970 | 1 | 1 |
_tThe benevolent social planner, _p145. |
| 970 | 1 | 1 |
_tEvaluating the market equilibrium, _p146. |
| 970 | 1 | 1 |
_tThe invisible hand can park your car, _p148. |
| 970 | 1 | 1 |
_tShould there be a market in organs?, _p148. |
| 970 | 0 | 1 |
_a7-4 conclusions: market effciency and market failure, _p150. |
| 970 | 0 | 1 |
_aSummary, _p151. |
| 970 | 0 | 1 |
_aKey concepts, _p151. |
| 970 | 0 | 1 |
_aQuestions for review, _p151. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p151. |
| 970 | 0 | 1 |
_aProblems and applications, _p152. |
| 970 | 1 | 2 |
_tApplication: the cost of taxation, _p156. |
| 970 | 1 | 1 |
_tThe deadweight loss of taxation, _p156. |
| 970 | 1 | 1 |
_tHow a tax affects market participants, _p157. |
| 970 | 1 | 1 |
_tDeadweight lossses and the gains from trade, _p159. |
| 970 | 1 | 1 |
_tThe determinants of the deadweight lost, _p160. |
| 970 | 1 | 1 |
_tThe deadweight loss debate, _p162. |
| 970 | 1 | 1 |
_tLoss and tax revenue as taxes vary, _p163. |
| 970 | 1 | 1 |
_tThe laffer curve and supply-side economics, _p164. |
| 970 | 1 | 1 |
_tThe tax debate, _p166. |
| 970 | 0 | 1 |
_a8-4 conclusion, _p168. |
| 970 | 0 | 1 |
_aSummary, _p168. |
| 970 | 0 | 1 |
_aKey concept, _p168. |
| 970 | 0 | 1 |
_aQuestions for review, _p168. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p169. |
| 970 | 0 | 1 |
_aProblems and applications, _p169. |
| 970 | 1 | 2 |
_tApplication: international trade, _p171. |
| 970 | 1 | 1 |
_tThe determinants of trade, _p172. |
| 970 | 1 | 1 |
_tThe equilibrium without trade, _p172. |
| 970 | 1 | 1 |
_tThe world price and comparative advantage, _p173. |
| 970 | 1 | 1 |
_tThe winners and losers from trade, _p174. |
| 970 | 1 | 1 |
_tThe gains and losses of an exporting country, _p174. |
| 970 | 1 | 1 |
_tThe gains and losses of an importing country, _p175. |
| 970 | 1 | 1 |
_tThe effects of a tariff, _p177. |
| 970 | 1 | 1 |
_tImport quotas: another way to restrict trade, _p179. |
| 970 | 1 | 1 |
_tThe lessons for trade policy, _p179. |
| 970 | 1 | 1 |
_tOther benefits of international trade, _p180. |
| 970 | 1 | 1 |
_tThreats to free trade, _p181. |
| 970 | 1 | 1 |
_tThe arguments for restricting trade, _p182. |
| 970 | 1 | 1 |
_tShould the winners from free trade compensate the losers?, _p183. |
| 970 | 1 | 1 |
_tSecond thoughts about free trade, _p184. |
| 970 | 1 | 1 |
_tThe infant-industry argument, _p185. |
| 970 | 1 | 1 |
_tThe unfair-competition argument, _p186. |
| 970 | 1 | 1 |
_tThe protection-as-a bargaing-chip argument, _p186. |
| 970 | 1 | 1 |
_tTrade agreements and the world trade organization, _p187. |
| 970 | 0 | 1 |
_a9-4 conclusion, _p188. |
| 970 | 0 | 1 |
_aSummary, _p189. |
| 970 | 0 | 1 |
_aKey concepts, _p189. |
| 970 | 0 | 1 |
_aQuestions for review, _p189. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p189. |
| 970 | 0 | 1 |
_aProblems and applications, _p190. |
| 970 | 1 | 2 |
_tThe data of macroeconomics, _p193. |
| 970 | 1 | 2 |
_tMeasuring a nation's income, _p195. |
| 970 | 1 | 1 |
_tThe economy's income and expenditure, _p196. |
| 970 | 1 | 1 |
_tThe measurement of gdp, _p198. |
| 970 | 1 | 1 |
_t"GDP is the market value", _p198. |
| 970 | 1 | 1 |
_t"...of all...", _p198. |
| 970 | 1 | 1 |
_t"...final...", _p199. |
| 970 | 1 | 1 |
_t"...goods and services...", _p199. |
| 970 | 1 | 1 |
_t"...produced...", _p199. |
| 970 | 1 | 1 |
_t"...within a country...", _p199. |
| 970 | 1 | 1 |
_t"...in a given period of time...", _p199. |
| 970 | 1 | 1 |
_tThe components of GDP, _p200. |
| 970 | 1 | 1 |
_tOther measures of income, _p201. |
| 970 | 1 | 1 |
_tConsumption, _p201. |
| 970 | 1 | 1 |
_tInvestment, _p201. |
| 970 | 1 | 1 |
_tGovernment purchases, _p202. |
| 970 | 1 | 1 |
_tNet exports, _p202. |
| 970 | 1 | 1 |
_tThe components of U.S. GDP, _p203. |
| 970 | 1 | 1 |
_tReal versus nominal GDP, _p203. |
| 970 | 1 | 1 |
_tThe BEA changes the definitions of investment and GDP, _p204. |
| 970 | 1 | 1 |
_tA numerical example, _p204. |
| 970 | 1 | 1 |
_tThe GDP deflator, _p206. |
| 970 | 1 | 1 |
_tReal GDP over recent history, _p207. |
| 970 | 1 | 1 |
_tIs GDP a good measure of economic well-being?, _p208. |
| 970 | 1 | 1 |
_tInternational differences in GDP and the quality of life, _p209. |
| 970 | 1 | 1 |
_tThe underground economy, _p210. |
| 970 | 1 | 1 |
_tMeasuring macroeconomic well-being, _p212. |
| 970 | 0 | 1 |
_a10-6 conclusion, _p212. |
| 970 | 0 | 1 |
_aSummary, _p214. |
| 970 | 0 | 1 |
_aKey concepts, _p214. |
| 970 | 0 | 1 |
_aQuestions for review, _p214. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p214. |
| 970 | 0 | 1 |
_aProblems and applications, _p215. |
| 970 | 1 | 2 |
_tMeasuring the cost of living, _p217. |
| 970 | 1 | 1 |
_tThe consumer price index, _p218. |
| 970 | 1 | 1 |
_tHow the CPI is calculated, _p218. |
| 970 | 1 | 1 |
_tWhat is in the CPI's basket?, _p220. |
| 970 | 1 | 1 |
_tProblems in measuring the cost of living, _p221. |
| 970 | 1 | 1 |
_tMonitoring inflation in the internet age, _p222. |
| 970 | 1 | 1 |
_tThe GDP deflator versus the consumer price index, _p224. |
| 970 | 1 | 1 |
_tCorrecting economic variables for the effects of inflation, _p225. |
| 970 | 1 | 1 |
_tDollar figures from different times, _p226. |
| 970 | 1 | 1 |
_tIndexation, _p226. |
| 970 | 1 | 1 |
_tMr. Index goes to Hollywood, _p227. |
| 970 | 1 | 1 |
_tReal and nominal interest rates, _p227. |
| 970 | 1 | 1 |
_tInterest rates in the U.S. economy, _p229. |
| 970 | 0 | 1 |
_a11-3 conclusion, _p230. |
| 970 | 0 | 1 |
_aSummary, _p230. |
| 970 | 0 | 1 |
_aKey concepts, _p231. |
| 970 | 0 | 1 |
_aQuestions for review, _p231. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p231. |
| 970 | 0 | 1 |
_aProblems and applications, _p231. |
| 970 | 1 | 2 |
_tThe real economy in the long run, _p233. |
| 970 | 1 | 2 |
_tProduction and growth, _p235. |
| 970 | 1 | 1 |
_tEconomic growth around the world, _p236. |
| 970 | 1 | 1 |
_tProductivity: its role and determinants, _p238. |
| 970 | 1 | 1 |
_tAre you richer than the richest American?, _p238. |
| 970 | 1 | 1 |
_tWhy productivity is so important, _p239. |
| 970 | 1 | 1 |
_tHow productivity is determined, _p239. |
| 970 | 1 | 1 |
_tA picture is worth a thousand statistics, _p240. |
| 970 | 1 | 1 |
_tThe production function, _p243. |
| 970 | 1 | 1 |
_tAre natural resources a limit to growth?, _p244. |
| 970 | 1 | 1 |
_tEconomic growth and public policy, _p244. |
| 970 | 1 | 1 |
_tSaving and investment, _p245. |
| 970 | 1 | 1 |
_tDiminishing returns and the catch-up effect, _p245. |
| 970 | 1 | 1 |
_tInvestment from Abroad, _p247. |
| 970 | 1 | 1 |
_tEducation, _p247. |
| 970 | 1 | 1 |
_tHealth and nutrition, _p248. |
| 970 | 1 | 1 |
_tProperty rights and political stability?, _p249. |
| 970 | 1 | 1 |
_tDoes food aid help or hurt?, _p250. |
| 970 | 1 | 1 |
_tFree trade, _p251. |
| 970 | 1 | 1 |
_tResearch and development, _p252. |
| 970 | 1 | 1 |
_tPopulation growth, _p252. |
| 970 | 1 | 1 |
_tOne economist's answer, _p254. |
| 970 | 0 | 1 |
_a12-4 conclusion: the importance of long-run growth, _p256. |
| 970 | 0 | 1 |
_aSummary, _p257. |
| 970 | 0 | 1 |
_aKey concepts, _p257. |
| 970 | 0 | 1 |
_aQuestions for review, _p257. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p257. |
| 970 | 0 | 1 |
_aProblems and applications, _p258. |
| 970 | 1 | 2 |
_tSaving, investment and the financial system, _p259. |
| 970 | 1 | 1 |
_tFinancial institutions in the U.S. economy, _p260. |
| 970 | 1 | 1 |
_tFinancial markets, _p260. |
| 970 | 1 | 1 |
_tFinancial intermediates, _p262. |
| 970 | 1 | 1 |
_tKey numbers for stock watchers, _p263. |
| 970 | 1 | 1 |
_tSumming up?, _p264. |
| 970 | 1 | 1 |
_tShould students sell equity in themselves?, _p265. |
| 970 | 1 | 1 |
_tSaving and investment in the national income accounts, _p266. |
| 970 | 1 | 1 |
_tSome important identities, _p266. |
| 970 | 1 | 1 |
_tThe meaning of saving and investment, _p268. |
| 970 | 1 | 1 |
_tThe market for loanable funds, _p268. |
| 970 | 1 | 1 |
_tSupply and demand for loanable funds, _p269. |
| 970 | 1 | 1 |
_tPolicy 1: saving incentives, _p270. |
| 970 | 1 | 1 |
_tPolicy 2: investment incentives, _p272. |
| 970 | 1 | 1 |
_tPolicy 3: government budget deficits and surpluses, _p273. |
| 970 | 1 | 1 |
_tThe history of U.S. government debt, _p275. |
| 970 | 1 | 1 |
_tFinancial crises, _p277. |
| 970 | 0 | 1 |
_a13-4 conclusion, _p277. |
| 970 | 0 | 1 |
_aSummary, _p278. |
| 970 | 0 | 1 |
_aKey concepts, _p278. |
| 970 | 0 | 1 |
_aQuestions for review, _p278. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p279. |
| 970 | 0 | 1 |
_aProblems and applications, _p279. |
| 970 | 1 | 2 |
_tThe basic tools of finance, _p281. |
| 970 | 1 | 1 |
_tPresent value: measuring the time value of money, _p282. |
| 970 | 1 | 1 |
_tThe magic of compouding and the rule of 70, _p284. |
| 970 | 1 | 1 |
_tManaging risk, _p284. |
| 970 | 1 | 1 |
_tRisk aversion, _p284. |
| 970 | 1 | 1 |
_tThe markets for insurance, _p285. |
| 970 | 1 | 1 |
_tDiversitification of firm-specific risk, _p286. |
| 970 | 1 | 1 |
_tThe trade-off between risk and return, _p287. |
| 970 | 1 | 1 |
_tAsset valuation, _p288. |
| 970 | 1 | 1 |
_tFundamental analysis, _p289. |
| 970 | 1 | 1 |
_tThe efficient markets hypothesis, _p289. |
| 970 | 1 | 1 |
_tRandom walks and index funds, _p290. |
| 970 | 1 | 1 |
_tMarket irrationality, _p291. |
| 970 | 1 | 1 |
_tIs the efficient markets hypothesis kaput?, _p292. |
| 970 | 0 | 1 |
_a14-4 conclusion, _p293. |
| 970 | 0 | 1 |
_aSummary, _p293. |
| 970 | 0 | 1 |
_aKey concepts, _p293. |
| 970 | 0 | 1 |
_aQuestions for review, _p293. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p294. |
| 970 | 0 | 1 |
_aProblems and applications, _p294. |
| 970 | 1 | 2 |
_tUnemployment, _p297. |
| 970 | 1 | 1 |
_tIdentifiying unemployment, _p298. |
| 970 | 1 | 1 |
_tHow is unemployment measured?, _p298. |
| 970 | 1 | 1 |
_tLabor-force participation of men and women in the U.S. economy, _p301. |
| 970 | 1 | 1 |
_tDoes the unemployment rate measre what we want it to?, _p302. |
| 970 | 1 | 1 |
_tHow long are the unemployed without work?, _p304. |
| 970 | 1 | 1 |
_tThe jobs number, _p305. |
| 970 | 1 | 1 |
_tJob search, _p305. |
| 970 | 1 | 1 |
_tWhy some frictional unemployment is ineviable, _p306. |
| 970 | 1 | 1 |
_tPuclic policy and job search, _p306. |
| 970 | 1 | 1 |
_tUnemployment insurance, _p307. |
| 970 | 1 | 1 |
_tWhy has employment declined?, _p308. |
| 970 | 1 | 1 |
_tMinimum-wage laws, _p308. |
| 970 | 1 | 1 |
_tUpions and collective bargaining, _p310. |
| 970 | 1 | 1 |
_tWho earns the minimum wage?, _p311. |
| 970 | 1 | 1 |
_tThe economics of unions, _p311. |
| 970 | 1 | 1 |
_tAre unions good or bad for the economy?, _p312. |
| 970 | 1 | 1 |
_tThe theory of efficency wages, _p313. |
| 970 | 1 | 1 |
_tWorker health, _p313. |
| 970 | 1 | 1 |
_tWorker turnover, _p314. |
| 970 | 1 | 1 |
_tWorker quality, _p314. |
| 970 | 1 | 1 |
_tWorker effort, _p315. |
| 970 | 1 | 1 |
_tHenry Ford and the very generous $5-a-day wage, _p315. |
| 970 | 0 | 1 |
_a15-6 conclusion, _p316. |
| 970 | 0 | 1 |
_aSummary, _p316. |
| 970 | 0 | 1 |
_aKey concepts, _p316. |
| 970 | 0 | 1 |
_aQuestions for review, _p317. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p317. |
| 970 | 0 | 1 |
_aProblems and applications, _p317. |
| 970 | 1 | 2 |
_tMoney and prices in the long run, _p319. |
| 970 | 1 | 2 |
_tThe monetary system, _p321. |
| 970 | 1 | 1 |
_tThe meaning of money, _p322. |
| 970 | 1 | 1 |
_tThe functions of money, _p323. |
| 970 | 1 | 1 |
_tThe kinds of money, _p323. |
| 970 | 1 | 1 |
_tWhy goldy?, _p324. |
| 970 | 1 | 1 |
_tMoney in the U.S. economy, _p325. |
| 970 | 1 | 1 |
_tWhy credit cards aren't money, _p326. |
| 970 | 1 | 1 |
_tWhere is all the currency?, _p327. |
| 970 | 1 | 1 |
_tThe federal reserve system, _p327. |
| 970 | 1 | 1 |
_tThe fed's organization, _p327. |
| 970 | 1 | 1 |
_tThe federal open market committee, _p328. |
| 970 | 1 | 1 |
_tBanks and the money supply, _p329. |
| 970 | 1 | 1 |
_tThe simple case of 100-percent-reserve banking, _p329. |
| 970 | 1 | 1 |
_tMoney creation with fractional-reserve banking, _p330. |
| 970 | 1 | 1 |
_tThe money multiplier, _p331. |
| 970 | 1 | 1 |
_tBank capital, leverage and the financial crisis of 2008-2009, _p332. |
| 970 | 1 | 1 |
_tThe fed's tools of monetary control, _p334. |
| 970 | 1 | 1 |
_tHow the fed influences the quantity of reserves, _p334. |
| 970 | 1 | 1 |
_tHow the fed influences the reserve ratio, _p335. |
| 970 | 1 | 1 |
_tProblems in controlling the money supply, _p336. |
| 970 | 1 | 1 |
_tBank runs and the money supply, _p337. |
| 970 | 1 | 1 |
_tBernanke on the fed's toolbox, _p338. |
| 970 | 1 | 1 |
_tThe federal funds rate, _p340. |
| 970 | 0 | 1 |
_a16-5 conclusion, _p341. |
| 970 | 0 | 1 |
_aSummary, _p341. |
| 970 | 0 | 1 |
_aKey concepts, _p341. |
| 970 | 0 | 1 |
_aQuestions for review, _p342. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p342. |
| 970 | 0 | 1 |
_aProblems and applications, _p342. |
| 970 | 1 | 2 |
_tMoney growth and inflation, _p345. |
| 970 | 1 | 1 |
_tThe classical theory of inflation, _p346. |
| 970 | 1 | 1 |
_tThe level of prices and the value of money, _p347. |
| 970 | 1 | 1 |
_tMoney supply, money demand, monetary equilibrium, _p347. |
| 970 | 1 | 1 |
_tThe effects of a monetary injection, _p349. |
| 970 | 1 | 1 |
_tA brief look at the adjustment process, _p350. |
| 970 | 1 | 1 |
_tThe classical dichotomy and monetary neutrality, _p351. |
| 970 | 1 | 1 |
_tVelocity and the quantity equation, _p352. |
| 970 | 1 | 1 |
_tMoney and prices during four hyperinflations, _p354. |
| 970 | 1 | 1 |
_tThe inflation tax, _p354. |
| 970 | 1 | 1 |
_tThe fisher effect, _p356. |
| 970 | 1 | 1 |
_tHyperinflation in Zimbabwe, _p256. |
| 970 | 1 | 1 |
_tThe cost of inflation, _p358. |
| 970 | 1 | 1 |
_tA fall in purchasing power? The inflation fallacy, _p359. |
| 970 | 1 | 1 |
_tShoeleather costs, _p359. |
| 970 | 1 | 1 |
_tMenu costs, _p360. |
| 970 | 1 | 1 |
_tRelative-price variability and the misallocation of resources, _p360. |
| 970 | 1 | 1 |
_tInflation-induced tax distortions, _p361. |
| 970 | 1 | 1 |
_tConfussion and inconvenince, _p362. |
| 970 | 1 | 1 |
_tA special cost of unexpected inflation: arbitary redistributions of wealth, _p363. |
| 970 | 1 | 1 |
_tInflation is bad, but defination may be worse, _p364. |
| 970 | 1 | 1 |
_tThe wizard of Oz and the free-silver debate, _p364. |
| 970 | 0 | 1 |
_a17-3 conclusion, _p366. |
| 970 | 0 | 1 |
_aSummary, _p366. |
| 970 | 0 | 1 |
_aKey concepts, _p366. |
| 970 | 0 | 1 |
_aQuestions for review, _p367. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p367. |
| 970 | 0 | 1 |
_aProblem and applications, _p367. |
| 970 | 1 | 2 |
_tThe macroeconomics of open economies, _p369. |
| 970 | 1 | 2 |
_tOpen economy macroeconomics: basic concepts, _p371. |
| 970 | 1 | 1 |
_tThe international flows of goods and capital, _p372. |
| 970 | 1 | 1 |
_tThe flow of goods: exports, imports and net exports, _p372. |
| 970 | 1 | 1 |
_tThe increasing opennes of the U.S. economy, _p373. |
| 970 | 1 | 1 |
_tThe changing nature of U.S. exports, _p374. |
| 970 | 1 | 1 |
_tThe flow of financial resources: net capital ouflow, _p376. |
| 970 | 1 | 1 |
_tThe equality of net exports and net capital outflow, _p377. |
| 970 | 1 | 1 |
_tSaving investment, and their relationship to the international flows, _p378. |
| 970 | 1 | 1 |
_tSumming up, _p379. |
| 970 | 1 | 1 |
_ts the U.S. trade deficit a national problem?, _p380. |
| 970 | 1 | 1 |
_tThe prices for international transactions: real and nominal exchange rates, _p382. |
| 970 | 1 | 1 |
_tNominal exchange rates, _p382. |
| 970 | 1 | 1 |
_tThe euro, _p383. |
| 970 | 1 | 1 |
_tReal exchange rates, _p384. |
| 970 | 1 | 1 |
_tA first theory of exchange-rate determination: purchasing-power parity, _p385. |
| 970 | 1 | 1 |
_ttThe basic logic of purchasing-power parity, _p386. |
| 970 | 1 | 1 |
_tImplications of purchasing-power parity, _p386. |
| 970 | 1 | 1 |
_tThe nominal exhange rate during a hyperinfiation, _p388. |
| 970 | 1 | 1 |
_tLimitations of purchasing-power parity, _p389. |
| 970 | 1 | 1 |
_tThe hamburger standard, _p389. |
| 970 | 0 | 1 |
_a18-4 conclusion, _p390. |
| 970 | 0 | 1 |
_aSummary, _p391. |
| 970 | 0 | 1 |
_aKey concepts, _p391. |
| 970 | 0 | 1 |
_aQuestions for review, _p391. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p391. |
| 970 | 0 | 1 |
_aProblems and applications, _p392. |
| 970 | 1 | 2 |
_tA macroeconomic theory of the open economy, _p395. |
| 970 | 1 | 1 |
_tSupply and demand for loanable funds and for foreign-currency echange, _p396. |
| 970 | 1 | 1 |
_tThe market for loanable funds, _p396. |
| 970 | 1 | 1 |
_tThe market for foreign-currency exchange, _p398. |
| 970 | 1 | 1 |
_tPurchasing-power parity as a special case, _p400. |
| 970 | 1 | 1 |
_tEqulibrium in the open economy, _p401. |
| 970 | 1 | 1 |
_tNet capital outflow: the link between the two markets, _p401. |
| 970 | 1 | 1 |
_tSimultaneous equlibrium in two markets, _p402. |
| 970 | 1 | 1 |
_tDisentangling supply and demand, _p404. |
| 970 | 1 | 1 |
_tHow policies and events affect an open economy, _p404. |
| 970 | 1 | 1 |
_tGovernment budget deficits, _p404. |
| 970 | 1 | 1 |
_tTrade policy, _p406. |
| 970 | 1 | 1 |
_tPolitical instability and capital flight, _p409. |
| 970 | 1 | 1 |
_tCapital flows from China, _p411. |
| 970 | 1 | 1 |
_tIs a strong currency always in a nation's interest?, _p412. |
| 970 | 0 | 1 |
_a19-4 conclusion, _p412. |
| 970 | 0 | 1 |
_aSummary, _p414. |
| 970 | 0 | 1 |
_aKey concepts, _p414. |
| 970 | 0 | 1 |
_aQuestions for review, _p414. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p414. |
| 970 | 0 | 1 |
_aProblems and applications, _p415. |
| 970 | 1 | 2 |
_tShort-run economic fluctuations, _p417. |
| 970 | 1 | 2 |
_tAggregate demand and aggregate supply, _p419. |
| 970 | 1 | 1 |
_tThree key facts about economic fluctuations, _p420. |
| 970 | 1 | 1 |
_tFact 1: economic fluctations are irregular and unpredictable, _p420. |
| 970 | 1 | 1 |
_tFact 2: most macroeconomic quantaties fluctuate together, _p422. |
| 970 | 1 | 1 |
_tFact 3: as output falls, unemployment rises, _p422. |
| 970 | 1 | 1 |
_tExplaining short-run economic fluctuations, _p422. |
| 970 | 1 | 1 |
_tThe assumptions of classical economics, _p422. |
| 970 | 1 | 1 |
_tThe reality of short-run fluctuations, _p423. |
| 970 | 1 | 1 |
_tThe social influences of economic downturns, _p424. |
| 970 | 1 | 1 |
_tThe model of aggregate demand and aggregate supply, _p424. |
| 970 | 1 | 1 |
_tThe aggregate-demand curve, _p426. |
| 970 | 1 | 1 |
_tWhy the aggregate-demand curve slopes downward, _p426. |
| 970 | 1 | 1 |
_tWhy the aggregate-demand curve might shift, _p429. |
| 970 | 1 | 1 |
_tThe aggregate-supply curve, _p431. |
| 970 | 1 | 1 |
_tWhy the aggregate-supply curve is vertical in the long run, _p432. |
| 970 | 1 | 1 |
_tWhy the long-run aggregate-supply curve is vertical in the long run, _p432. |
| 970 | 1 | 1 |
_tWhy the long-run aggregate-supply curve might shift, _p433. |
| 970 | 1 | 1 |
_tUsing aggregate demand and aggregat supply to depict long-run growth and inflation, _p434. |
| 970 | 1 | 1 |
_tWhy the aggregate-supply curve slopes upward in the short run, _p435. |
| 970 | 1 | 1 |
_tWhy the short-run aggregate-supply curve might shift, _p439. |
| 970 | 1 | 1 |
_tTwo causes of economic fluctuations, _p440. |
| 970 | 1 | 1 |
_tThe effects of a shift in aggregate demand, _p441. |
| 970 | 1 | 1 |
_tMonetary neutrality revisited, _p443. |
| 970 | 1 | 1 |
_tTwo big shifts in aggregate demand: the great depression and world war II, _p444. |
| 970 | 1 | 1 |
_tThe recession of 2008-2009, _p445. |
| 970 | 1 | 1 |
_tWhat have we learned?, _p446. |
| 970 | 1 | 1 |
_tThe effects of a shift in aggregate supply, _p448. |
| 970 | 1 | 1 |
_tOil and the economy, _p450. |
| 970 | 1 | 1 |
_tThe origins of the model of aggregate demand and aggregate supply, _p451. |
| 970 | 0 | 1 |
_a20-6 conclusion, _p452. |
| 970 | 0 | 1 |
_aSummary, _p452. |
| 970 | 0 | 1 |
_aKey concepts, _p453. |
| 970 | 0 | 1 |
_aQuestion for review, _p453. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p454. |
| 970 | 0 | 1 |
_aProblems and applications, _p454. |
| 970 | 1 | 2 |
_tThe influence of monetary and fiscal policy on aggregate demand, _p457. |
| 970 | 1 | 1 |
_tHow monetary policy influences aggregate demand, _p458. |
| 970 | 1 | 1 |
_tThe theory of liquidity preference, _p459. |
| 970 | 1 | 1 |
_tThe downward slope of the aggregate demand curve, _p461. |
| 970 | 1 | 1 |
_tInterest rates in the long run and the short run, _p462. |
| 970 | 1 | 1 |
_tChanges in the money supply, _p463. |
| 970 | 1 | 1 |
_tThe role of interest-role targets in Fed policy, _p465. |
| 970 | 1 | 1 |
_tThe zero lower bound, _p465. |
| 970 | 1 | 1 |
_tWhy the fed watches the stock market (and vice versa), _p466. |
| 970 | 1 | 1 |
_tHow fiscal policy influences aggregate demand, _p467. |
| 970 | 1 | 1 |
_tChanges in government purchases, _p467. |
| 970 | 1 | 1 |
_tThe multiplier effect, _p468. |
| 970 | 1 | 1 |
_tA formula for the spending multiplier, _p469. |
| 970 | 1 | 1 |
_tOther applications of the multiplier effect, _p470. |
| 970 | 1 | 1 |
_tThe crowding-out effect, _p470. |
| 970 | 1 | 1 |
_tChanges in taxes, _p471. |
| 970 | 1 | 1 |
_tHow fiscal policy might affect aggregate supply, _p472. |
| 970 | 1 | 1 |
_tUsing policy to stabilize the economy, _p472. |
| 970 | 1 | 1 |
_tThe case for active stabilization policy, _p473. |
| 970 | 1 | 1 |
_tKeynesians in the white house, _p474. |
| 970 | 1 | 1 |
_tHow large is the fiscal policy multiplier?, _p474. |
| 970 | 1 | 1 |
_tThe case against active stabilization policy, _p476. |
| 970 | 1 | 1 |
_tAutomatic stabilizers, _p476. |
| 970 | 0 | 1 |
_a21-4 conclusion, _p477. |
| 970 | 0 | 1 |
_aSummary, _p478. |
| 970 | 0 | 1 |
_aKey concepts, _p478. |
| 970 | 0 | 1 |
_aQuestions for review, _p478. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p479. |
| 970 | 0 | 1 |
_aProblems and applications, _p479. |
| 970 | 1 | 2 |
_tThe short-run trade-off between inflation and unemployment, _p481. |
| 970 | 1 | 1 |
_tThe philips curve, _p482. |
| 970 | 1 | 1 |
_tOrigins of the Phillip curve, _p482. |
| 970 | 1 | 1 |
_tAggregate demand, aggregate supply and the philips curve, _p483. |
| 970 | 1 | 1 |
_tShifts in the philips curve: the role of expectations, _p485. |
| 970 | 1 | 1 |
_tThe long-run philips curve, _p485. |
| 970 | 1 | 1 |
_tThe meaning of "Natural", _p487. |
| 970 | 1 | 1 |
_tReconciling theory and evidence, _p488. |
| 970 | 1 | 1 |
_tThe short-run philips curve, _p489. |
| 970 | 1 | 1 |
_tThe natural experiment for the natural-rate hypothesis, _p490. |
| 970 | 1 | 1 |
_tShifts in the philip curve: the role of supply shocks, _p492. |
| 970 | 1 | 1 |
_tThe cost of reducing inflation, _p494. |
| 970 | 1 | 1 |
_tThe sacrifice ratio, _p495. |
| 970 | 1 | 1 |
_tRational expectations and the possibility of costsless disniflation, _p496. |
| 970 | 1 | 1 |
_tThe volcker disniflation, _p497. |
| 970 | 1 | 1 |
_tThe greenspan era, _p499. |
| 970 | 1 | 1 |
_tA financial crisis takes us for a ride along the phillips curve, _p500. |
| 970 | 0 | 1 |
_a22-5 conclusion, _p501. |
| 970 | 0 | 1 |
_aSummary, _p502. |
| 970 | 0 | 1 |
_aKey concepts, _p502. |
| 970 | 0 | 1 |
_aQuestions for review, _p502. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p502. |
| 970 | 0 | 1 |
_aProblems and applications, _p503. |
| 970 | 1 | 2 |
_tFinal thoughts, _p505. |
| 970 | 1 | 2 |
_tSix debates over macroeconomic policy, _p507. |
| 970 | 1 | 1 |
_tShould monetary and fiscal policymakers try to stabilize the economy?, _p508. |
| 970 | 1 | 1 |
_tPro: policymakers should try to stabilize the economy, _p508. |
| 970 | 1 | 1 |
_tCon: policymakers should not try to stabilize the economy, _p508. |
| 970 | 1 | 1 |
_tHow long will the fed keep interest rates at zero?, _p510. |
| 970 | 1 | 1 |
_tShould the government fight recessions with spending hikes rather than tax cuts?, _p510. |
| 970 | 1 | 1 |
_tPro: the government should fight recessions with spending hikes, _p510. |
| 970 | 1 | 1 |
_tCon: the government should fight recessions with tax cuts, _p512. |
| 970 | 1 | 1 |
_tShould monetary policy be made by rule rather than by discretion?, _p514. |
| 970 | 1 | 1 |
_tPro: monetary policy should be made by rule, _p514. |
| 970 | 1 | 1 |
_tCon: monetary policy should not be made by rule, _p515. |
| 970 | 1 | 1 |
_tInflation targeting, _p516. |
| 970 | 1 | 1 |
_tShould the central bank aim for zero inflation?, _p516. |
| 970 | 1 | 1 |
_tPro: the central bank should aim for zero inflation, _p517. |
| 970 | 1 | 1 |
_tCon: the cenral bank should not aim for zero inflation, _p518. |
| 970 | 1 | 1 |
_tWhat is the optimal inflation rate?, _p519. |
| 970 | 1 | 1 |
_tShould the government balance its budget?, _p520. |
| 970 | 1 | 1 |
_tPro: the government should balance its budget, _p520. |
| 970 | 1 | 1 |
_tCon: the government should not balance its budget, _p521. |
| 970 | 1 | 1 |
_tWhat would an American fiscal crisis look like?, _p522. |
| 970 | 1 | 1 |
_tShould the tax laws be reformed to encourage saving?, _p524. |
| 970 | 1 | 1 |
_tPro: the tax laws should be reformed to encourage saving, _p524. |
| 970 | 1 | 1 |
_tCon: the tax laws should not be reformed to encourage saving, _p525. |
| 970 | 0 | 1 |
_a23-7 conclusion, _p526. |
| 970 | 0 | 1 |
_aSummary, _p527. |
| 970 | 0 | 1 |
_aQuestions for review, _p527. |
| 970 | 0 | 1 |
_aQuick check multiple choice, _p527. |
| 970 | 0 | 1 |
_aProblems and applications, _p528. |
| 970 | 0 | 1 |
_aGlossary, _p529. |
| 970 | 0 | 1 |
_aIndex, _p535. |
| 999 |
_c4621 _d4621 |
||
| 003 | KOHA | ||