Macroeconomics

Table of Content
I. INTRODUCTION
1. Introduction to Macroeconomics
II. LONG-RUN ECONOMIC PERFORMANCE
2. Productivity, Output, and Employment
3. Consumption, Saving, and Investment
4. Saving and Investment in the Open Economy
5. Long-Run Economic Growth
6. The Asset Market, Money, and Prices
III. BUSINESS CYCLES AND MACROECONOMIC POLICY
7. Business Cycles
8. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
9. Classical Business Cycle Analysis: Market-Clearing Macroeconomics
10. Keynesianism: The Macroeconomics of Wage and Price Rigidity
IV. MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS
11. Unemployment and Inflation
12. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy
13. Monetary Policy and the Federal Reserve System
14. Government Spending and Its Financing
Appendix A: Some Useful Analytical Tools
Glossary
Name Index
Subject Index

Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares students to analyze real macroeconomic data used by policy makers and researchers. With a balanced treatment of both classical and Keynesian economics, the comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi.


Students in this course often struggle to see how the macroeconomic models compare to one another, and fit into the big picture. This text uses a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions.


The main objective of the eighth edition is to keep the book fresh and up-to-date, especially in light of the recent crises in the United States and Europe and many new tools used by the Federal Reserve in response to the crisis. To reflect recent events and developments in the field, revisions have been made throughout the text, and additional new applications, boxes, and problems are included.