Macroeconomics: A Version of Economics

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McGraw-Hill, 1989 - Počet stran: 573

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BASIC PROBLEMS OF ECONOMIC ORGANIZATION
23
MARKETS AND COMMAND IN A MODERN ECONOMY
37
THE ELEMENTS OF SUPPLY AND DEMAND
55
PART TWO FUNDAMENTAL CONCEPTS
73
Concepts for Review 100 Questions for Discussion
100
MEASUREMENT OF NATIONAL OUTPUT AND INCOME
102
Concepts for Review 121 Questions for Discussion
122
CONSUMPTION AND INVESTMENT
123
Concepts for Review 320 Questions for Discussion
320
INFLATION AND UNEMPLOYMENT
322
Concepts for Review 342 Questions for Discussion
342
THE EFFECTS OF MONEY ON OUTPUT AND PRICES
345
B Issues in Monetary Policy
355
Concepts for Review 369 Questions for Discussion
370
Summary to Appendix 381 Concepts for Review 382 Questions
382
FISCAL POLICY DEFICITS AND THE GOVERNMENT DEBT
384

B The Determinants of Investment
136
Policy Channels on Investment The Investment Demand Curve Shifts in the Investment
144
THE THEORY OF OUTPUT DETERMINATION
148
The Multiplier Model
162
Using the Consumption and Savings Schedules How Output Is Determined at the Level
170
FISCAL POLICY
174
A Fiscal Policy in the Multiplier Model
176
B Output Determination in Open Economies
186
Impact of Trade on GNP The Marginal Propensity to Import and the Spending Line
196
AGGREGATE SUPPLY AND BUSINESS CYCLES
201
B Business Cycles
211
Accelerator Principle Interaction of Multiplier and Accelerator Forecasting Business
218
MONEY AND COMMERCIAL BANKING
224
B The Demand for Money
230
THE FEDERAL RESERVE AND CENTRAL BANK
257
PART THREE MACROECONOMIC POLICY
281
Concepts for Review 303 Questions for Discussion
303
DEFINITIONS AND COSTS
305
B The Interaction of Monetary and Fiscal Policies
392
Meaning and History of Government Debt 398 Definitions Historical Trends Some
406
PART FOUR ECONOMIC GROWTH
419
Concepts for Review 438 Questions for Discussion
438
THE ECONOMICS OF DEVELOPING COUNTRIES
447
The Process of Economic Development
455
The Four Elements in Development 455 Human Resources Natural Resources Capital
465
INTERNATIONAL TRADE AND THE THEORY OF COMPARATIVE
467
Trends in Foreign Trade The Sources of International Trade 469 Diversity in Conditions
475
BalanceofPayment Accounts 480 Debits and Credits Details of the Balance
483
PROTECTIONISM AND FREE TRADE
489
Concepts for Review 504 Questions for Discussion
504
EXCHANGE RATES AND THE INTERNATIONAL
507
B Evolution of the International Monetary System
515
Concepts for Review 527 Questions for Discussion
528
EPILOGUE
531
GLOSSARY
535
INDEX
555

O autorovi (1989)

Paul Samuelson was the first American recipient of the Nobel Prize in economics. Born in Indiana, he did his undergraduate work at the University of Chicago and earned a Ph.D. at Harvard University, where he studied with Alvin Hansen. He taught for several decades at M.I.T. Samuelson's first major work was Foundations of Economic Analysis (1947), a mathematical treatment of economic theory and principles. Later he made extensive contributions to professional journals in virtually all areas of economic theory. Often he would be the first to offer a mathematical proof of a proposition when most other economists could sense it only intuitively. In 1948 he published the first edition of Economics, one of the most successful and influential college texts of our time. It provided an extremely comprehensive treatment of Keynesian economics and microeconomic principles, and played an important part in educating a generation of economists. Despite Samuelson's role in providing mathematical refinements for economic theory, he has always maintained a public posture, welcoming opportunities to share his views. He was an economic adviser to President John F. Kennedy and wrote a popular column for Newsweek from 1966 to 1981. He has generally favored an interventionist approach in policy matters, especially when it has involved using the tax system to battle poverty, fight inflation, or balance the budget. One of the world's most respected economists, Samuelson is responsible for rewriting considerable parts of economic theory. He has, in several areas, achieved results that rank among the classic theorems in economics.

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