Macroeconomics / / Daron Acemoglu, David Laibson, John List

• Autore: Acemoglu Daron
• Pubblicazione: Boston : , : Pearson, , [2016]; ©2016
• Edizione: Global edition.
• Descrizione fisica: 1 online resource (433 pages) : illustrations (some color)
• Disciplina: 339
• Soggetto topico: Macroeconomics
• Persona (resp. second.): LaibsonDavid; ListJohn <1925-2008, >
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title Page -- Copyright -- Contents -- PART I Introduction to Economics -- Chapter 1: The Principles and Practice of Economics -- 1.1 The Scope of Economics -- Economic Agents and Economic Resources -- Definition of Economics -- Positive Economics and Normative Economics -- Microeconomics and Macroeconomics -- 1.2 Three Principles of Economics -- 1.3 The First Principle of Economics: Optimization -- Trade-offs and Budget Constraints -- Opportunity Cost -- Cost-Benefit Analysis -- Evidence-Based Economics: Is Facebook free? -- 1.4 The Second Principle of Economics: Equilibrium -- The Free-Rider Problem -- 1.5 The Third Principle of Economics: Empiricism -- 1.6 Is Economics Good for You? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 2: Economic Methods and Economic Questions -- 2.1 The Scientific Method -- Models and Data -- An Economic Model -- Evidence-Based Economics: How much more do workers with a college education earn? -- Means -- Argument by Anecdote -- 2.2 Causation and Correlation -- The Red Ad Campaign Blues -- Causation versus Correlation -- Experimental Economics and Natural Experiments -- Evidence-Based Economics: How much do wages increase when an individual is compelled by law to get an extra year of schooling? -- 2.3 Economic Questions and Answers -- Summary -- Key Terms -- Questions -- Problems -- Appendix: Constructing and Interpreting Graphs -- A Study About Incentives -- Experimental Design -- Describing Variables -- Cause and Effect -- Appendix Key Terms -- Appendix Problems -- Chapter 3: Optimization: Doing the Best You Can -- 3.1 Two Kinds of Optimization: A Matter of Focus -- Choice & Consequence: Do People Really Optimize? -- 3.2 Optimization in Levels -- Comparative Statics -- 3.3 Optimization in Differences: Marginal Analysis -- Marginal Cost. ; Evidence-Based Economics: How does location affect the rental cost of housing? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 4: Demand, Supply, and Equilibrium -- 4.1 Markets -- Competitive Markets -- 4.2 How Do Buyers Behave? -- Demand Curves -- Willingness to Pay -- From Individual Demand Curves to Aggregated Demand Curves -- Building the Market Demand Curve -- Shifting the Demand Curve -- Evidence-Based Economics: How much more gasoline would people buy if its price were lower? -- 4.3 How Do Sellers Behave? -- Supply Curves -- Willingness to Accept -- From the Individual Supply Curve to the Market Supply Curve -- Shifting the Supply Curve -- 4.4 Supply and Demand in Equilibrium -- Curve Shifting in Competitive Equilibrium -- 4.5 What Would Happen If the Government Tried to Dictate the Price of Gasoline? -- Choice & Consequence: The Unintended Consequences of Fixing Market Prices -- Summary -- Key Terms -- Questions -- Problems -- PART II Introduction to Macroeconomics -- Chapter 5: The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates -- 5.1 Macroeconomic Questions -- 5.2 National Income Accounts: Production = Expenditure = Income -- Production -- Expenditure -- Income -- Circular Flows -- National Income Accounts: Production -- National Income Accounts: Expenditure -- Evidence-Based Economics: In the United States, what is the total market value of annual economic production? -- National Income Accounting: Income -- Letting The Data Speak: Saving vs. Investment -- 5.3 What Isn't Measured by GDP? -- Physical Capital Depreciation -- Home Production -- The Underground Economy -- Negative Externalities -- Gross Domestic Product vs. Gross National Product -- Leisure -- Does GDP Buy Happiness? -- 5.4 Real vs. Nominal -- The GDP Deflator -- The Consumer Price Index -- Inflation -- Adjusting Nominal Variables -- Summary. ; Key Terms -- Questions -- Problems -- Chapter 6: Aggregate Incomes -- 6.1 Inequality Around the World -- Measuring Differences in Income per Capita -- Letting The Data Speak: The Big Mac Index -- Inequality in Income per Capita -- Income per Worker -- Productivity -- Incomes and the Standard of Living -- Choice & Consequence: Dangers of Just Focusing on Income per Capita -- 6.2 Productivity and the Aggregate Production Function -- Productivity Differences -- The Aggregate Production Function -- Labor -- Physical Capital and Land -- Representing the Aggregate Production Function -- 6.3 The Role and Determinants of Technology -- Technology -- Dimensions of Technology -- Letting The Data Speak: Moore's Law -- Letting The Data Speak: Efficiency of Production and Productivity at the Company Level -- Entrepreneurship -- Letting The Data Speak: Monopoly and GDP -- Evidence-Based Economics: Why is the average American so much richer than the average Indian? -- Summary -- Key Terms -- Questions -- Problems -- Appendix: The Mathematics of Aggregate Production Functions -- PART III Long-Run Growth and Development -- Chapter 7: Economic Growth -- 7.1 The Power of Economic Growth -- A First Look at U.S. Growth -- Exponential Growth -- Choice & Consequence: The Power of Growth -- Patterns of Growth -- Letting The Data Speak: Levels versus Growth -- 7.2 How Does a Nation's Economy Grow? -- Optimization: The Choice Between Saving and Consumption -- What Brings Sustained Growth? -- Choice & Consequence: Is Increasing the Saving Rate Always a Good Idea? -- Knowledge, Technological Change, and Growth -- Evidence-Based Economics: Why are you so much more prosperous than your great-great-grandparents were? -- 7.3 The History of Growth and Technology -- Growth Before Modern Times -- Malthusian Limits to Growth -- The Industrial Revolution. ; Growth and Technology Since the Industrial Revolution -- 7.4 Growth, Inequality, and Poverty -- Growth and Inequality -- Letting The Data Speak: Income Inequality in the United States -- Choice & Consequence: Inequality versus Poverty -- Growth and Poverty -- How Can We Reduce Poverty? -- Letting The Data Speak: Life Expectancy and Innovation -- Summary -- Key Terms -- Questions -- Problems -- Appendix: The Solow Growth Model -- Appendix Key Terms -- Appendix Problems -- Chapter 8: Why Isn't the Whole World Developed? -- 8.1 Proximate Versus Fundamental Causes of Prosperity -- Geography -- Culture -- Institutions -- A Natural Experiment of History -- 8.2 Institutions and Economic Development -- Inclusive and Extractive Economic Institutions -- How Economic Institutions Affect Economic Outcomes -- Letting The Data Speak: Divergence and Convergence in Eastern Europe -- The Logic of Extractive Economic Institutions -- Inclusive Economic Institutions and the Industrial Revolution -- Letting The Data Speak: Blocking the Railways -- Evidence-Based Economics: Are tropical and semitropical areas condemned to poverty by their geographies? -- 8.3 Is Foreign Aid the Solution to World Poverty? -- Choice & Consequence: Foreign Aid and Corruption -- Summary -- Key Terms -- Questions -- Problems -- PART IV Equilibrium in the Macroeconomy -- Chapter 9: Employment and Unemployment -- 9.1 Measuring Employmentand Unemployment -- Classifying Potential Workers -- Calculating the Unemployment Rate -- Trends in the Unemployment Rate -- Who Is Unemployed? -- 9.2 Equilibrium in the Labor Market -- The Demand for Labor -- Shifts in the Labor Demand Curve -- The Supply of Labor -- Shifts in the Labor Supply Curve -- Equilibrium in a Competitive Labor Market -- 9.3 Why Is There Unemployment? -- 9.4 Job Search and Frictional Unemployment. ; 9.5 Wage Rigidity and Structural Unemployment -- Minimum Wage Laws -- Choice & Consequence: The Luddites -- Labor Unions and Collective Bargaining -- Efficiency Wages and Unemployment -- Downward Wage Rigidity and Unemployment Fluctuations -- The Natural Rate of Unemployment and Cyclical Unemployment -- Evidence-Based Economics: What happens to employment and unemployment if local employers go out of business? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 10: Credit Markets -- 10.1 What Is the Credit Market? -- Borrowers and the Demand for Loans -- Real and Nominal Interest Rates -- The Credit Demand Curve -- Saving Decisions -- The Credit Supply Curve -- Choice & Consequence: Why Do People Save? -- Equilibrium in the Credit Market -- Credit Markets and the Efficient Allocation of Resources -- 10.2 Banks and FinancialIntermediation: Putting Supply and Demand Together -- Assets and Liabilities on the Balance Sheet of a Bank -- 10.3 What Banks Do -- Identifying Profitable Lending Opportunities -- Maturity Transformation -- Management of Risk -- Bank Runs -- Bank Regulation and Bank Solvency -- Evidence-Based Economics: How often do banks fail? -- Choice & Consequence: Too Big to Fail -- Choice & Consequence: Asset Price Fluctuations and Bank Failures -- Summary -- Key Terms -- Questions -- Problems -- Chapter 11: The Monetary System -- 11.1 Money -- The Functions of Money -- Types of Money -- The Money Supply -- Choice & Consequence: Non-Convertible Currencies in U.S. History -- 11.2 Money, Prices, and GDP -- Nominal GDP, Real GDP, and Inflation -- The Quantity Theory of Money -- 11.3 Inflation -- What Causes Inflation? -- The Consequences of Inflation -- The Social Costs of Inflation -- The Social Benefits of Inflation -- Evidence-Based Economics: What caused the German hyperinflation of 1922-1923? -- 11.4 The Federal Reserve. ; The Central Bank and the Objectives of Monetary Policy.
• Sommario/riassunto: For courses in Principles of Macroeconomics Acemoglu, Laibson, List: An evidence-based approach to economics Throughout Macroeconomics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them. Taking a fresh approach, the authors use the themes of optimization, equilibrium and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the text's practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives. MyEconLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. Please note that the product you are purchasing does not include MyEconLab. MyEconLab Join over 11 million students benefiting from Pearson MyLabs. This title can be supported by MyEconLab, an online homework and tutorial system designed to test and build your understanding. Would you like to use the power of MyEconLab to accelerate your learning? You need both an access card and a course ID to access MyEconLab. These are the steps you need to take: 1. Make sure that your lecturer is already using the system Ask your lecturer before purchasing a MyLab product as you will need a course ID from them before you can gain access to the system. 2. Check whether an access card has been included with the book at a reduced; cost If it has, it will be on the inside back cover of the book. 3. If you have a course ID but no access code, you can benefit from MyEconLab at a reduced price by purchasing a pack containing a copy of the book and an access code for MyEconLab (ISBN:9781292080710) 4. If your lecturer is using the MyLab and you would like to purchase the product... Go to www.myeconlab.com to buy access to this interactive study programme. For educator access, contact your Pearson representative. To find out who your Pearson representative is, visit www.pearsoned.co.uk/replocator &nbsp.
• Titolo autorizzato: Macroeconomics
• ISBN: 1-292-08064-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910154767003321
• Lo trovi qui: Univ. Federico II
• Serie: Pearson series in economics.