By Daron Acemoglu
For courses in Principles of Macroeconomics.
Acemoglu, Laibson, List: An evidence-based approach to economics
Throughout Macroconomics, 2nd Edition, Global Edition authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them.
Taking a fresh approach, the authors use the themes of optimization, equilibrium, and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students learn to apply economic principles to guide the decisions they make in their own lives.
PART I: INTRODUCTION TO ECONOMICS
1. The Principles and Practice of Economics
2. Economic Methods and Economic Questions
3. Optimization: Doing the Best You Can
4. Demand, Supply, and Equilibrium
PART II: INTRODUCTION TO MACROECONOMICS
5. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
6. Aggregate Incomes
PART III: LONG-RUN GROWTH AND DEVELOPMENT
7. Economic Growth
8. Why Isn’t the Whole World Developed?
PART IV: EQUILIBRIUM IN THE MACROECONOMY
9. Employment and Unemployment
10. Credit Markets
11. The Monetary System
PART V: SHORT-RUN FLUCTUATIONS AND MACROECONOMICS POLICY
12. Short-Run Fluctuations
13. Countercyclical Macroeconomic Policy
PART VI: MACROECONOMICS IN A GLOBAL ECONOMY
14. Macroeconomics and International Trade
15. Open Economy Macroeconomics
CHAPTERS ON THE WEB
1. Financial Decision Making
2. Economics of Life, Health, and the Environment
3. Political Economy