Macroeconomics 1e

by Martin Medeiros

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This macroeconomics textbook distills the subject to its essential concepts, providing a clear and focused framework for understanding the workings of the overall economy. It is designed to complement the author’s microeconomics textbook (Microeconomics 1e) and to address a major gap in existing instructional materials: the treatment of modern U.S. monetary policy.

Description from LibreTexts.

Publisher
Chabot College
Subjects
Social Sciences, Economics
Licence
CC BY-NC-SA 4.0, as LibreTexts states it. Non-commercial use only.
Who can read
Teens profiles and older, judged from its title and subjects

Contents

LibreTexts writes equations in TeX, and here they show as TeX; the PDF has them typeset.

  1. Front Matter
  2. TitlePage
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. Acknowledgments
  7. About the Book
  8. About the Author
  9. 1: Overview
  10. 1.1: What is Economics?
  11. 1.2: Scarcity and Choices
  12. 1.3: The Economy
  13. 1.4: Production Possibilities
  14. 1.5: Reality Shot
  15. 2: Supply and Demand
  16. 2.1: Free Markets and Efficiency
  17. 2.2: Free Markets - Sustainability
  18. 2.3: Free Markets – Enhanced Growth
  19. 2.4: Supply and Demand – A Form of Communication
  20. 2.5: Demand
  21. 2.6: Supply
  22. 2.7: Equilibrium
  23. 3: TBD
  24. 4: TBD
  25. 5: Gross Domestic Product
  26. 5.1: Making Sense of the Data
  27. 5.2: Gross Domestic Product
  28. 5.3: Missing Output
  29. 5.4: GDP and Spending
  30. 5.5: The Relationship between Expenditure Components and Economic Indicators
  31. 5.6: Real GDP vs Nominal GDP
  32. 6: Employment
  33. 6.1: Labor
  34. 6.2: Reporting on Labor - Bureau of Labor Statistics
  35. 6.3: Labor Force
  36. 6.4: Unemployment Rate
  37. 6.5: Types of Unemployment
  38. 6.6: Reasons for Unemployment
  39. 6.7: Full Employment
  40. 6.8: Payroll Employment
  41. 7: Inflation
  42. 7.1: Introduction
  43. 7.2: Understanding Inflation
  44. 7.3: Focusing on the Rate of Change
  45. 7.4: Measures of Inflation
  46. 7.5: Some Principles of Inflation
  47. 7.6: How Inflation Affects the Economy
  48. 7.7: What Causes Inflation?
  49. 7.8: Consumer Price Index- Introduction
  50. 7.9: Market Basket
  51. 7.10: Expenditure Weight versus Relative Importance Weight
  52. 7.11: Limitations
  53. 7.12: The Market's Reaction
  54. 8: Business Cycle
  55. 8.1: Economic Activity
  56. 8.2: Failure of the Classical Theory
  57. 8.3: Business Cycle Stages
  58. 8.4: Measuring The Business Cycle
  59. 8.5: Leading, Coincident, and Lagging Economic Indicators
  60. 9: Aggregate Demand
  61. 9.1: The Great Depression
  62. 9.2: Depressions, Recessions and the AS/AD
  63. 9.3: Aggregate Demand
  64. 9.4: John Maynard Keynes
  65. 9.5: AD Shortfall
  66. 9.6: Consumption Function
  67. 9.7: Shifts in the Consumption Function vs Shifts in Aggregate Demand
  68. 10: Deficits and Debt
  69. 10.1: Macroeconomics Policy
  70. 10.2: Understanding Fiscal Policy and Deficits
  71. 10.3: Budget and Fiscal Responsibility
  72. 10.4: Discretionary vs Automatic Government Spending
  73. 10.5: Cyclical vs. Structural Deficits
  74. 10.6: Debt Burden
  75. 11: Fiscal Policy
  76. 11.1: The Economy is in Recession – What to do?
  77. 11.2: How much Stimulus?
  78. 11.3: How big is the Multiplier?
  79. 11.4: Government Spending vs. Tax Cuts
  80. 12: Money and Banks
  81. 12.1: How Monetary Policy Has Changed
  82. 12.2: Money and its Role Within the Income Circular-Flow
  83. 12.3: Money Classification (Aggregates)
  84. 12.4: Money Creation- Introduction
  85. 12.5: Money Creation- Banking Limits
  86. 13: The Federal Reserve
  87. 13.1: Central Banks
  88. 13.2: Creation of the Federal Reserve System
  89. 13.3: Structure of the Federal Reserve System
  90. 14: Modern Monetary Policy Implementation
  91. 14.1: The Role of Money in Monetary Policy
  92. 14.2: The Role of Banks in the Financial System
  93. 14.3: Administered Rates and the Fed's Monetary Policy Tools
  94. 14.4: From Policy Decision to Economic Outcome- The Transmission Mechanism
  95. Back Matter
  96. Index
  97. Glossary
  98. Detailed Licensing
  99. Detailed Licensing