Incluye glosario.

Incluye bibliografía.

Pte. 1. The context for economic analysis -- 0. Macroeconomics and well-being -- GDP per capita -- Recent growth rate of GDP per capita -- Net national savings -- Government debt -- Labor productivity -- Average annual hours worked -- Unemployment rate -- Inflation -- Total tax revenue -- Trade balance -- Income inequality -- Absolute poverty -- Foreign aid -- Internet users -- Educational performance -- Life expectancy -- Subjective well-being -- Carbon dioxide emissions per capita -- Local air quality -- 1. Economic activity in context -- What is macroeconomics about? -- Macroeconomic goals -- Macroeconomics in context -- 2. Useful tools and concepts -- Our tools for understanding -- Empirical investigation -- Theoretical investigation -- Historical investigation -- Economic tradeoffs -- The role of markets -- The basic neoclassical model -- 3. What economies do -- Introducing the four essential economic activities -- Resource maintenance -- Production -- Distribution -- Consumption -- Resource maintenance : attending to the asset base of the macroeconomy -- Stocks versus flows -- Investment and depreciation -- Renewable resources, non-renewable resources and sustainability -- Distribution : who gets, what, and how? -- Labor and capital incomes -- Transfers and taxes -- The distribution of income -- Measuring inequality -- Income inequality over time -- Wealth inequality -- The three spheres of economic activity -- Supply and demand -- Markets and macroeconomics -- Classical and Keynesian views of markets -- The theory of supply -- The theory of demand -- The theory of market adjustment -- Surplus, shortage, and equilibrium -- Shifts in supply and demand -- Elasticity -- Macroeconomics and the dynamics of real-world markets -- From microeconomics to macroeconomics -- Pte. 2. macroeconomic basics -- 5. Macroeconomic measurement : the current approach -- An overview of national accounting -- Defining gross domestic product -- Measuring gross domestic product Growth, price changes, and real GDP -- Savings, investment, and trade -- Appendix : chained dollar real GDP -- 6. Macroeconomic measurement : environmental and social dimensions -- A broader view of national income accounting -- Why GDP is not a measure of well-being -- Alternative approaches to representing well-being -- The Genuine Progress INdicator (GPI) -- The Better Life Index (BLI) -- The Human Development Index (HDI) -- Measuring household production -- Time-use surveys -- Methods of valuing household production -- Accounting for the environment -- Conclusion : measuring economic well-being -- 7. The structure of the U.S. economy -- The three major productive sectors in an economy -- The primary sector in the United States -- The food system -- Water -- The energy system -- The secondary (industrial) sector in the United States -- Construction and housing -- Manufacturing -- Where have all the manufacturing jobs gone? -- The tertiary (service) sector -- Retail services -- Finance and financialization -- Human services : health -- Human services : education -- 8. Employment, unemployment, and wages -- Employment and unemployment -- The unemployment rate -- A closer look at unemployment -- Theories of employment, unemployment, and wages -- The classical theory -- Alternative perspectives on labor markets -- Longer term issues : productivity, resources, and technology.
Pte. 3. Macroeconomic theory and policy -- 9. Aggregate demand and economic fluctuations -- The business cycle -- Macroeconomic modeling and aggregate demand -- Output, income, and aggregate demand -- The problem of leakages -- The Keynesian model -- consumption -- Investment -- The aggregate demand schedule -- The possibility of unintended investment -- Movement to equilibrium in the Keynesian model -- The problem of persistent unemployment -- Fiscal policy -- The role of government spending and taxes -- The Federal Budget -- Policy issues -- Crowding out and crowding in -- Different multiplier effects -- Applying fiscal policy -- Appendix A1. An algebraic approach to the multiplier, with a lump-sum tax -- Appendix A2. An algebraic approach to the multiplier, with a proportional tax -- to the multiplier -- 11. Money, banking, and finance -- Why money? -- What is money? -- The banking system -- Money and finance --12. The Federal Reserve and monetary policy -- The Federal Reserve System -- Monetary policy -- How the Fed creates money and credit -- The theory of money, interest rates, and aggregate demand -- The Federal Funds Rate and other interest rates -- Interest rates and investment -- Monetary policy and aggregate demand -- Monetary policies in practice -- The Fed and investment, 2000-2012 -- The liquidity trap and credit rationing -- The theory of money, prices, and inflation -- The Quantity Equation -- Complications and policy controversies -- Appendix A1. Bond prices and interest rates -- Appendix A2. Short- versus long-run and real versus nominal interest rates -- 13. Aggregate supply, aggregate demand, and inflation : putting it all together -- Aggregate demand and inflation -- Aggregate Demand (AD) curve -- Capacity and the aggregate supply (AS) curve -- Putting the AD/AS to work -- An economy in recession -- An overheated economy -- Stagflation -- Inflation -- Technology and globalization -- Competing theories -- Classical macroeconomics -- Keynesian macroeconomics -- Appendix A1. New classical economics -- Appendix A.2. The neoclassical synthesis and new Keynesian macroeconomics -- Appendix A3. Post-Keynesian macroeconomics -- 14. The global economy and policy -- Macroeconomics in a global context -- The trade balance : completing the picture -- International finance -- Macroeconomics in an open economy -- Fiscal policy -- Monetary policy -- Manged versus flexible foreign exchange -- Appendix : an algebraic approach to the multiplier, in a model with trade -- pt, IV. Macroeconomic issues and applications -- 15. The financial crisis and the great recession -- Prelude to a crisis -- The housing bubble -- The subprime crisis -- Economic impacts of the crisis -- Unemployment and the vicious recessionary spiral -- The Great Depression and the great recession compared -- Underlying causes of the financial crisis -- Inequality -- Bank size and deregulation -- Misguided corporate incentive structure -- Globalization and long-term economic trends -- Remedies and ideas for averting future crises -- Fiscal and monetary responses -- The Dodd-Frank Bill -- Political economy of the debt -- The balance budge debate -- Imposed austerity : the case of the European Union -- Deficit projections and potential policy responses -- Budgetary reforms : the Simpson-Bowles Plan -- Budgetary reforms : Congressional Budget Office -- Debt and deficits in context -- 17. How economies grow and develop -- Development and economic growth -- Country growth experiences -- Growth comparison across countries -- Understanding poverty -- GDP growth and poverty reduction -- The Multidimensional Poverty Index -- Growth, inequality, and the Kuznets Curve -- Economic development and human development -- 18. Growth and sustainability in the twenty-first century -- Macroeconomic goals : looking forward -- Macroeconomics and ecological sustainability -- Climate change -- Greenhouse emissions and global temperature change -- Economic growth and the environment -- The Environmental Kuznets Curve Hypothesis -- Policies for sustainable development -- Sustainability and consumption -- sustainability and investment -- Are stabilization and sustainability in conflict? -- Concluding thoughts -- Appendix : demographic challenges -- Appendix A1. Basic demographic terms and history -- Appendix A2. Global population patterns and policies -- Appendix A3. The issue of aging populations -- Appendix A4. Demographic challenges ahead.

Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Microeconomics in Context, the book is attuned to economic realities--and it has a bargain price. The in Context books offer affordability, engaging treatment of high-interest topics from sustainability to financial crisis and rising inequality, and clear, straightforward presentation of economic theory. Policy issues are presented in context--historical, institutional, social, political, and ethical--and always with reference to human well-being.