Section 15: Opening Story
Module 45: Introduction to Macroeconomics
Module 46: The Circular-Flow Diagram and the National Accounts
Module 47: Gross Domestic Product (GDP)
Module 48: Interpreting Real Gross Domestic Product
Business Case
Summary
Key Terms
Problems
Section 16: Opening Story
Module 49: Defining Unemployment
Module 50: Categories of Unemployment
Module 51: The Costs of Inflation
Module 52: Measuring Inflation
Business Case
Summary
Key Terms
Problems
Section 17: Opening Story
Module 53: Sources of Long-Run Economic Growth
Module 54: Productivity and Growth
Module 55: Long-Run Growth Policy
Business Case
Summary
Key Terms
Problems
Section 18: Opening Story
Module 56: Savings and Investment Spending
Module 57: The Market for Loanable Funds
Module 58: The Time Value of Money
Module 59: The Financial System
Summary
Key Terms
Problems
Section 19: Opening Story
Module 60: The Multiplier
Module 61: Consumption and Investment Spending
Module 62: The Income–Expenditure Model
Business Case
Summary
Key Terms
Problems
Section 20: Opening Story
Module 63: Aggregate Demand
Module 64: Aggregate Supply
Module 65: The AD–AS Model
Business Case
Summary
Key Terms
Problems
Section 21: Opening Story
Module 66: Fiscal Policy Basics
Module 67: Fiscal Policy and the Multiplier
Module 68: Budget Deficits and Public Debt
Business Case
Summary
Key Terms
Problems
Section 22: Opening Story
Module 69: Defining and Measuring Money
Module 70: Banking and Money Creation
Module 71: The Federal Reserve System
Business Case
Summary
Key Terms
Problems
Section 23: Opening Story
Module 72: The Federal Reserve and Monetary Policy
Module 73: The Money Market
Module 74: Monetary Policy and the Interest Rate
Module 75: Money, Output, and Prices in the Long Run
Business Case
Summary
Key Terms
Problems
Section 24: Opening Story
Module 76: Inflation, Disinflation, and Deflation
Module 77: The Phillips Curve
Module 78: Crises and Consequences
Business Case
Summary
Key Terms
Problems
Section 25: Opening Story
Module 79: Capital Flows and the Balance of Payments
Module 80: The Foreign Exchange Market
Module 81: Exchange Rate Policy
Module 82: Exchange Rates and Macroeconomic Policy
Business Case
Summary
Key Terms
Problems
Section 26: Opening Story
Module 83: History and Alternative Views of Macroeconomics
Module 84: The Modern Macroeconomic Consensus
Summary
Key Terms
Problems