Macroeconomics: Economic Growth, Fluctuations, and Policy
by Robert E. Hall
- 6
- New York W. W. Norton & Company 2015
- xxxi, 521pages; Illustrations: 25 cm.
Part I - Introduction • Chapter 1: Economic Growth, Fluctuation, and Policty • Macroeconomics and Its Uses • Recent Macroeconomic Performance • Explaining Economic Growth and Fluctuations: A Preview • A Core of Practical Macroeconomics • The Macroeconomic Model Used in This Book • Review and Practice • Chapter 2: Measuring Economic Performace • Gross Domestic Product • Measuring GDP Through Spending • Measuring GDP Through Production: Value Added • Measuring GDP Through Income • Saving and Investment • Transactions with the Rest of the World: The Balance of Payment Accounts and the Exchange Rate • Measuring Inflation • Measuring Exployment and Wages • Review and Practice • Chapter 3: Employment, Job Creation and Job Destruction • Measuring Unemployment • Flows Into and Out of Unemployment • The Natural Unemployment Rate • Unemployment in Recessions and Booms • Analysis of Unemployment in the Framework of Supply and Demand • Review and Practice • Part 3: Economic Growth • Chapter 4: Long-Run Economic Growth • The Determinants of Economic Growth • Full Employment and Potential GDP • Malthusian Stagnation and the Demographic Transition • The Slow Growth Model • Review and Practice • Chapter 5: Technology and Economic Growth • The Growth Accounting Formula • Endogenous Growth Theory • Policies to Stimulate Growth • The Neoclassical Growth Revival • Real Wages and Labor Productivity • Productivity and the New Economy • Review and Practice
The Sixth Edition of Macroeconomics: Economic Growth, Fluctuations, and Policy teaches students the basic tools of macroeconomics. In addition to being completely updated and including generous material on growth theory and international economics, the new edition features: