eBook Macroeconomics, Canadian Edition By Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneeb
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- 593
- File size
- 85.44 MB
- Format
- Digital PDF
- Course
- Macroeconomics
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- eBook[PDF]
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About this ebook
The Macroeconomics, Canadian Edition by Andrew B. Abel, Ben S. Bernanke, Dean Croushore, and Ronald D. Kneebone uses a balanced Keynesian and Classical approach unified around a single underlying economic model. [1, 2]
1. Introduction and Measurement
- Introduction to Macroeconomics: What macroeconomics studies, the role of economic theory, and the core debate between classical and Keynesian schools. [1]
- The Measurement and Structure of the Canadian Economy: National income accounting, Gross Domestic Product (GDP), price indexes, inflation, and the balance of payments. [1]
2. Long-Run Economic Performance
- Productivity, Output, and Employment: The production function, labor demand and supply, and labor market equilibrium.
- Consumption, Saving, and Investment: Individual and government choices regarding consumption and saving, and the determinants of capital investment.
- Saving and Investment in the Open Economy: Balance of payments, current accounts, and how international lending and borrowing affect an open economy like Canada.
- Long-Run Economic Growth: The Solow growth model, total factor productivity, and policies designed to foster long-term growth.
- The Asset Market, Money, and Prices: The definition of money, portfolio allocation, money demand, and monetary neutrality. [1, 2]
3. Business Cycles and Macroeconomic Policy
- Business Cycles: The characteristics, history, and cyclical behavior of key economic variables.
- The IS–LM–FE Model: A general framework analyzing the interaction of the goods market (IS), asset market (LM), and full-employment labor market (FE).
- Exchange Rates, Business Cycles, and Policy in the Open Economy: Nominal and real exchange rates, the international transmission of business cycles, and macroeconomic policy under fixed vs. flexible exchange rate regimes.
- Classical Business Cycle Analysis: Market-clearing macroeconomics, real business cycle theory, and the effects of fiscal shocks.
- Keynesian Business Cycle Analysis: Non-market-clearing macroeconomics, wage and price rigidity, and the role of aggregate demand shocks. [1]
4. Macroeconomic Variables and Policy Institutions
- Unemployment and Inflation: The trade-off between inflation and unemployment, the Phillips curve, and the costs of inflation.
- Monetary Policy and the Bank of Canada: The institutional structure of Canada’s central bank, monetary policy transmission channels, and targeting rules.
- Government Spending and Its Financing: Fiscal policy, government deficits, national debt, and the concept of Ricardian equivalence. [1]
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eBook-PDF-Macroeconomics-Canadian-Edition-By-Andrew-B.-Abel-Ben-S.-Bernanke-Dean-Croushore-Ronald-D.-Kneeb.pdf
85.44 MB
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