Macroeconomics (The Mcgraw-Hill Series in Economics)

David Colander, an economics teacher at Middlebury College, provides college and university students with a user-friendly introductory text for purchase or rental in his book Macroeconomics (The Mcgraw-Hill Series in Economics), ISBN 9780077247171. A conversational writing approach is used to convey the most logical and historical framework to which economic models is applied. This textbook boasts an abundance of key features including current and modern coverage of significant concepts, emphasis on policy as well as the importance of institutions and history, and a tremendous focus on modeling. The most effective of instructional methodologies are integrated within this wonderful resource including chapter summaries, key terms, review questions, exercises, Web questions, and boxed readings on concepts and real-world applications. David Colander utilizes savvy organizational methods within the pages of Macroeconomics (The Mcgraw-Hill Series in Economics) dividing the text across 23 chapters. Topics discussed within this textbook include economic reasoning, supply and demand, U.S. economic institutions, world economy, economic growth, business cycles, unemployment, and inflation. Chapters also present information on national income accounting, the classical school and macroeconomic debate, the Keynesian Model of the aggregate economy, the complete Keynesian Multiplier Model, financial institutions, as well as money and banking. This text also investigates the federal reserve system and monetary policy, inflation and the Phillips Curve trade-off, international dimensions of monetary and fiscal policies, deficits and debts. Final chapters delve into such topics as social policy and economic reasoning, international trade and finance, growth and the economics of developing countries, and finally, socialist economies in transition.