Nelson Higher Education

Higher Education

Intermediate MACRO, 1st Edition

  • includes Product Web Site Printed Access Card and Review Cards
  • Robert J. Barro
  • ISBN-10: 1439040095
  • ISBN-13: 9781439040096
  • 336 Pages | Paperback
  • Previous Editions: 2008
  • COPYRIGHT: 2010 Published
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Overview

About the Product

Immediately engage your students with MACRO, a unique modern presentation of macroeconomics that makes it easy for you to emphasize a solid microfoundations and real-business cycle approach in a presentation unlike any other intermediate macroeconomics text. Student engineered and faculty approved, Robert J. Barro's MACRO demonstrates an extraordinary command of growth, equilibrium, and business cycle theory with a focus on microfoundations. Captivating features range from rocker Bono's perspective on debt relief to the hidden costs of multiple shifts and overtime hours. MACRO delivers a unified model of macroeconomics ideal for both economics majors and general business majors. The distinctive, magazine-style pages of Barro's MACRO were inspired by feedback from students and refined by input from more than seventy of your teaching peers, who helped shape teaching solutions that would work best in today's classroom. The result is a brief paperback packed with current policy and data examples that reflect the author's extensive research in the field, as well as a suite of learning aids to accommodate the busy, diverse lifestyles of today's learners. Outstanding online resources, including downloadable flash cards, videos, and interactive graphing practice, are closely integrated with the book. Students can also access the Cengage Global Economic Watch, which connects readers to thousands of journal and news articles and videos using a simple search engine. Draw your students into intermediate macroeconomics as it happens today with the powerful, appealing presentation and resources found only in MACRO.

Features

  • Instructor Prep Cards save you time: Detachable Instructor Prep Cards for each chapter make it simple for you to prepare effective lectures. Each Chapter Prep Cards provides a brief chapter outline and complete list of media resources available on the book's website for you to use in class or assign to your students. Student Chapter-in-Review cards provide a portable study tool for your students to prepare.

  • "Back to Reality" features exemplify macro theory at work in policy and history: Now you can make theory memorable and meaningful for your students as "Back to Reality" features present theory at work in the real world using historical and policy examples. Chapter 2, for instance, discusses controversy with the consumer price index and its ramifications (with entitlement programs, such as Social Security tied to CPI). Chapter 5 presents the author meeting U2's Bono and the rock star's perspective on debt relief and foreign aid.

  • "Extending the Model" builds on chapter concepts: This effective learning feature helps to clarify and build on concepts presented in the chapter. For instance, "Extending the Model" shows how supply and demand curves are functions (Chapter 2) and explores endogenous population growth (Chapter 4).

  • "Do the Math" helps ensure students grasp algebra steps: Now you can ensure your students understand the algebra behind the models as this helpful feature leads readers through the algebra required in careful, manageable steps. For example, when Chapter 4 explores working with the Solow Growth Model, numerous "Do the Math" boxes help students grasp concepts and work through the model as the theory is explained.

  • "By the Numbers" clearly demonstrates how macroeconomists use empirical data: Show students the value and importance of empirical data as they clearly see how it is used in business by macroeconomists. For example, one "By the Numbers" box shows an overview of Gross State Products for the United States and examines how each state contributes to GDP (Chapter 2). Another box studies empirical evidence for the response of consumption to anticipated income changes (Chapter 7).

About the Author

Robert J. Barro

Born in New York City, Robert Barro moved to Los Angeles, where he studied undergraduate physics at Caltech, including classes from the famous Richard Feynman. He changed his focus to economics for graduate school at Harvard University. Dr. Barro returned to Harvard as a professor in 1987. He served as president of the Western Economic Association and vice president of the American Economic Association. In addition to academic research, Professor Barro is an accomplished writer for the popular press. He worked as a viewpoint columnist for BUSINESSWEEK from 1998 to 2006 and contributing editor of THE WALL STREET JOURNAL from 1991 to 1998.

Table of Contents

Part I: INTRODUCTION.
1. Thinking about Macroeconomics.
2. National-Income Accounting: Gross Domestic Product and the Price Level.
Part II: ECONOMIC GROWTH.
3. Introduction to Economic Growth.
4. Working with the Solow Model.
5. Conditional Convergence; Long-Run Economic Growth.
Part III: ECONOMIC FLUCTUATIONS.
6. Markets, Prices, Supply and Demand.
7. Consumption, Saving, and Investment.
8. An Equilibrium Business-Cycle Model.
9. Capital Utilization and Unemployment.
Part IV: MONEY AND PRICES.
10. The Demand for Money and the Price Level.
11. Inflation, Money Growth, and Interest Rates.
Part V: THE GOVERNMENT SECTOR.
12. Government Expenditure.
13. Taxes.
14. The Public Debt.
Part VI: MONEY AND BUSINESS CYCLES.
15. Money and Business Cycles I: The Price-Misperceptions Model.
16. Money and Business Cycles II: Sticky Prices and Nominal Wage Rates.
Part VII: INTERNATIONAL MACROECONOMICS (Online Chapter).
17. World Markets in Goods and Credit (Online Chapter).
18. Exchange Rates (Online Chapter).