Macroeconomics: A Modern Approach
Cengage Learning, 03/01/2007 - 512 páginas
Offering a uniquely modern presentation of macroeconomics, this brand-new text makes it easy for instructors to emphasize a solid microfoundations, real-business cycle approach. In the all-new MACROECONOMICS: A MODERN APPROACH, leading economist and proven author Robert J. Barro couples his extraordinary command of growth, equilibrium, and business cycles with a focus on microfoundations to create a groundbreaking new macroeconomics textbook steeped in real-world application. Accessibly written and extremely student friendly, the book is packed with current policy and data examples, reflecting the author’s extensive research in the field. The book also includes captivating boxed features, challenging exercises, and innovative online resources like CengageNOW, which enables students to create personalized learning paths and equips instructors with tools to easily assign, grade, and record homework and quizzes. Covering growth theory more completely than any other text, MACROECONOMICS delivers a unified model of macroeconomics that serves well for economics majors and nonmajors alike.
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2008 Thomson Learning assume bonds budget constraint budget deficit capital per worker capital services Chapter conditional convergence consumption Copyright 2008 Thomson countercyclical currency current-account balance cyclical economy employment equals equilibrium business-cycle model example Figure GDP deflator GDP per person GDP per worker government purchases government’s graph gross domestic product higher household income effect increase inflation rate investment labor input labor supply marginal product market-clearing monetary money demanded nominal exchange rate nominal interest rate nominal quantity nominal wage rate predict present value price level procyclical product of capital production function quantity of capital quantity of labor quantity of money raises rate of real rate of return ratio real GDP real income real interest rate real rental price real saving real taxes real wage rate right-hand side Rights Reserved rise Solow model steady-state tax rate technology level U.S. dollar United variables