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20759nam a22002897a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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CITU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20240513141350.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210604b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
0072875577 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9780072875577 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
CITU LRAC |
| Language of cataloging |
eng |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
339 |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Preferred name for the person |
McConnell, Campbell R. |
| Relator term |
author |
| 245 ## - TITLE STATEMENT |
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| Title |
Macroeconomics : |
| Remainder of title |
principles, problems and policies / |
| 250 ## - EDITION STATEMENT |
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| Edition statement |
Sixteenth edition |
| 264 #1 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Boston : |
| Name of publisher, distributor, etc |
McGraw-Hill / Irwin, |
| Date of publication, distribution, etc |
[2005]. |
| 264 #4 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Date of publication, distribution, etc |
c2005. |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
xxiii, 399 [34] p. : |
| Other physical details |
color illustrations, maps ; |
| Dimensions |
25 cm. |
| 336 ## - CONTENT TYPE |
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| Content type term |
text |
| Content type code |
txt |
| Source |
rdcaontent |
| 337 ## - MEDIA TYPE |
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| Media type term |
unmediated |
| Media type code |
n |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
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| Carrier type term |
volume |
| Carrier type code |
nc |
| Source |
rdacarrier |
| 500 ## - GENERAL NOTE |
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| General note |
Includes glossary and index |
| 505 ## - CONTENTS |
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| Formatted contents note |
pt. 1. An introduction to economics and the economy --<br/>To the student --<br/>1. The nature and method of economics --<br/>The economic perspective --<br/>Scarcity and choice --<br/>Rational behavior --<br/>Marginalism : benefits and costs --<br/>Consider this : free for all? --<br/>Why study economics? --<br/>Economics for citizenship --<br/>Professional and personal applications --<br/>Economic methodology --<br/>Theoretical economics --<br/>Policy economics --<br/>Macroeconomics and microeconomics --<br/>Macroeconomics --<br/>Microeconomics --<br/>Positive and normative economics --<br/>Pitfalls to sound reasoning --<br/>Biases --<br/>Loaded terminology --<br/>Definitions --<br/>Fallacy of composition --<br/>Causation fallacies --<br/>A look ahead --<br/>Last word : fast-food lines : an economic perspective --<br/>Appendix chapter 1 : Graphs and their meaning --<br/>Construction of a graph --<br/>Direct and inverse relationships --<br/>Dependent and independent variables --<br/>Other things equal --<br/>Slope of a line --<br/>Vertical intercept --<br/>Equation of a linear relationship --<br/>Slope of a nonlinear curve --<br/>2. The economizing problem --<br/>The foundation of economics --<br/>Unlimited wants --<br/>Scarce resources --<br/>Economics : employment and efficiency --<br/>Full employment : using available resources --<br/>Full production : using resources efficiently --<br/>Production possibilities table --<br/>Production possibilities curve --<br/>Law of Increasing opportunity cost --<br/>Allocative efficiency revisited --<br/>Unemployment, growth, and the future --<br/>Unemployment and productive inefficiency --<br/>A growing economy --<br/>A qualification : international trade --<br/>Examples and applications --<br/>Consider this : a matter of degrees : is college worth the cost? --<br/>Economic systems --<br/>The market system --<br/>The command system --<br/>The circular flow model --<br/>Last word : September 11, 2001, and the war on terrorism --<br/>3. Individual markets : demand and supply --<br/>Markets --<br/>Demand --<br/>Law of demand --<br/>The demand curve --<br/>Market demand --<br/>Change in demand --<br/>Changes in quantity demanded --<br/>Supply --<br/>Law of supply --<br/>The supply curve --<br/>Determinants of supply --<br/>Changes in supply --<br/>Changes in quantity supplied --<br/>Supply and demand : market equilibrium --<br/>Surpluses --<br/>Shortages --<br/>Equilibrium price and quantity --<br/>Rationing function of prices --<br/>Changes in supply, demand, and equilibrium --<br/>A reminder : "other things equal" --<br/>Consider this : the cutting edge --<br/>Application : government-set prices --<br/>Price ceilings and shortages --<br/>Price floors and surpluses --<br/>Last word : ticket scalping : a bum rap? --<br/>3Web. Applications and extensions of supply and demand analysis (Web chapter, www.mcconnell16.com) --<br/>Changes in supply and demand --<br/>Lettuce --<br/>American flags --<br/>Pink salmon --<br/>Gasoline --<br/>Sushi --<br/>Preset prices --<br/>Olympic figure skating finals --<br/>Olympic curling preliminaries --<br/>Consider this : taking back a "gift" --<br/>Nonpriced goods :the American bison --<br/>Consumer and producer surplus --<br/>Consumer surplus --<br/>Producer surplus --<br/>Efficiency revisited --<br/>Efficiency losses --<br/>Last word : efficiency gains from generic drugs --<br/>4. The market system --<br/>Characteristics of the market system --<br/>Private property --<br/>Freedom of enterprise and choice --<br/>Self-interest --<br/>Competition --<br/>Markets and prices --<br/>Reliance on technology and capital goods --<br/>Specialization --<br/>Use of money --<br/>Active, but limited, government --<br/>The market system at work --<br/>What will be produced? --<br/>How will the goods and services be produced? --<br/>Who will get the goods and services? --<br/>How will the system accommodate change? --<br/>Consider this : McHits and McMisses --<br/>Competition and the "invisible hand" --<br/>Last word : shuffling the deck --<br/>5. The U.S. economy : private and public sectors --<br/>Households as income receivers --<br/>The functional distribution of income --<br/>The personal distribution of income --<br/>Households as spenders --<br/>Personal taxes --<br/>Personal saving --<br/>Personal consumption expenditures --<br/>The business population --<br/>Legal forms of businesses --<br/>Advantages and disadvantages --<br/>The principal-agent problem --<br/>The public sector : government's role --<br/>Providing the legal structure --<br/>Maintaining competition --<br/>Redistributing income --<br/>Reallocating Resources --<br/>Promoting stability --<br/>Government's role : a qualification --<br/>Consider this : street entertainers --<br/>The circular flow revisited --<br/>Government finance --<br/>Government purchases and transfers --<br/>Federal finance --<br/>Federal expenditures --<br/>Federal tax revenues --<br/>State and local finance --<br/>State finances --<br/>Local finances --<br/>Fiscal federalism --<br/>Last word : the financing of corporations --<br/>6. The United States in the global economy --<br/>International linkages --<br/>The United States and world trade --<br/>Volume and pattern --<br/>Rapid trade growth --<br/>Participants in international trade --<br/>Specialization and comparative advantage --<br/>Basic principle --<br/>Comparative costs --<br/>Terms of trade --<br/>Gains from specialization and trade --<br/>The foreign exchange market --<br/>Dollar-yen market --<br/>Changing rates : depreciation and appreciation --<br/>Consider this : a ticket to ride --<br/>Government and trade --<br/>Trade impediments and subsidies --<br/>Why government trade interventions? --<br/>Costs to society --<br/>Multilateral trade agreements and free-trade zones --<br/>Reciprocal Trade Agreements Act --<br/>General agreement on tariffs and trade --<br/>World Trade Organization --<br/>The European Union --<br/>North American Free Trade Agreement --<br/>Global competition --<br/>Last word : petition of the candlemakers, 1845. pt. 2. Macroeconomic measurement and basic concepts --<br/>7. Measuring domestic output and national income --<br/>Assessing the economy's performance --<br/>Gross domestic product --<br/>A monetary measure --<br/>Avoiding multiple counting --<br/>GDP excludes nonproduction transactions --<br/>Two ways of looking at GDP : spending and income --<br/>The expenditures approach --<br/>Personal consumption expenditures (C) --<br/>Gross private domestic investment (Ig) --<br/>Government purchases (G) --<br/>Net exports (Xn) --<br/>Putting it all together : GDP = C + Ig + G + Xn --<br/>Consider this : stock answers about flows --<br/>The income approach --<br/>Compensation of employees --<br/>Rents --<br/>Interest --<br/>Proprietors' income --<br/>Corporate profits --<br/>From national income to GDP --<br/>Other national accounts --<br/>Net domestic product --<br/>National income --<br/>Personal income --<br/>Disposable income --<br/>The circular flow revisited --<br/>Nominal GDP versus real GDP --<br/>Adjustment process in a one-product economy --<br/>An alternative method --<br/>Real-world considerations and data --<br/>Shortcomings of GDP --<br/>Nonmarket activities --<br/>Leisure --<br/>Improved product quality --<br/>The underground economy --<br/>GDP and the environment --<br/>Composition and distribution of output --<br/>Noneconomic sources of well-being --<br/>Last word : feeding the GDP accounts --<br/>8. Introduction to economic growth and instability --<br/>Economic growth --<br/>Growth as a goal --<br/>Arithmetic of growth --<br/>Main sources of growth --<br/>Growth in the United States --<br/>Relative growth rates --<br/>The business cycle --<br/>Phases of the business cycle --<br/>Causation : a first glance --<br/>Cyclical impact : Durables and nondurables --<br/>Unemployment --<br/>Measurement of unemployment --<br/>Types of unemployment --<br/>Definition of full employment --<br/>Economic cost of unemployment --<br/>Noneconomic costs --<br/>International comparisons --<br/>Inflation --<br/>Meaning of inflation --<br/>Measurement of inflation --<br/>Facts of inflation --<br/>Types of inflation --<br/>Complexities --<br/>Consider this : clipping coins --<br/>Redistribution effects of inflation --<br/>Who is hurt by inflation? --<br/>Who is unaffected or helped by inflation? --<br/>Anticipated inflation --<br/>Addenda --<br/>Effects of inflation on output --<br/>Cost-push inflation and real output --<br/>Demand-pull inflation and real output --<br/>Hyperinflation and breakdown --<br/>Last word : the stock market and the economy --<br/>9. Basic macroeconomic relationships --<br/>The income-consumption and income-saving relationships --<br/>The consumption schedule --<br/>The saving schedule --<br/>Average and marginal propensities --<br/>Nonincome determinants of consumption and saving --<br/>Terminology, shifts, and stability --<br/>Consider this : what wealth effect? --<br/>The interest-rate, investment --<br/>Relationship --<br/>Expected rate of return --<br/>The real interest rate --<br/>Investment demand curve --<br/>Shifts of the investment demand curve --<br/>Instability of investment --<br/>The multiplier effect --<br/>Rationale --<br/>The multiplier and the marginal propensities --<br/>How large is the actual multiplier effect? --<br/>Last word : squaring the economic circle. pt. 3. Macroeconomic models and fiscal policy --<br/>10. The aggregate expenditures model --<br/>Simplifications --<br/>Consumption and investment schedules --<br/>Equilibrium GDP : C + Ig = GDP --<br/>Tabular analysis --<br/>Graphical analysis --<br/>Other features of equilibrium GDP --<br/>Saving equals planned investment --<br/>No unplanned changes in inventories --<br/>Changes in equilibrium GDP and the multiplier --<br/>Adding international trade --<br/>Net exports and aggregate expenditures --<br/>The net export schedule --<br/>Net exports and equilibrium GDP --<br/>International economic linkages --<br/>Adding the public sector --<br/>Government purchases and equilibrium GDP --<br/>Taxation and equilibrium GDP --<br/>Equilibrium versus full-employment GDP --<br/>Recessionary gap --<br/>Application : the U.S. recession of 2001 --<br/>Inflationary gap --<br/>Application : U.S. inflation in the late 1980s --<br/>Limitations of the model --<br/>Last word : Say's law, the Great Depression, and Keynes --<br/>11. Aggregate demand and aggregate supply --<br/>Aggregate demand --<br/>Aggregate demand curve --<br/>Determinants of aggregate demand --<br/>Aggregate supply --<br/>Aggregate supply in the long run --<br/>Aggregate supply in the short run --<br/>Determinants of aggregate supply --<br/>Equilibrium and changes in equilibrium --<br/>Increases in AD : demand-pull inflation --<br/>Decreases in AD : recession and cyclical unemployment --<br/>Decreases in AS : cost-push inflation --<br/>Increases in AS : full employment with price-level stability --<br/>Consider this : ratchet effect --<br/>Last word : why is unemployment in Europe so high? --<br/>Appendix chapter 11 : the relationship of the aggregate demand curve to the aggregate expenditures model --<br/>Deriving the aggregate demand curve from the aggregate expenditures model --<br/>Aggregate demand shifts and the aggregate expenditures model --<br/>12. Fiscal policy --<br/>Legislative mandates --<br/>Fiscal policy and the AD-AS model --<br/>Expansionary fiscal policy --<br/>Contractionary fiscal policy --<br/>Financing of deficits and disposing of surpluses --<br/>Policy options : G or T --<br/>Built-in stability --<br/>Automatic or built-in stabilizers --<br/>Evaluating fiscal policy --<br/>Full-employment budget --<br/>Recent U.S. fiscal policy --<br/>Problems, criticisms, and complications --<br/>Problems of timing --<br/>Political considerations --<br/>Future policy reversals --<br/>Offsetting state and local finance --<br/>Crowding-out effect --<br/>Fiscal policy in the open economy --<br/>Last word : the leading indicators --<br/>Current thinking on fiscal policy. pt. 4. Money, banking, and monetary policy --<br/>13. Money and banking --<br/>The functions of money --<br/>The supply of money --<br/>Money definition M1 --<br/>Money definition M2 --<br/>Money definition M3 --<br/>Consider this : are credit cards money? --<br/>What "backs" the money supply? --<br/>Money as debt --<br/>Value of money --<br/>Money and prices --<br/>Stabilization of money's value --<br/>The demand for money --<br/>Transactions demand, Dt --<br/>Asset demand, Da --<br/>Total money demand, Dm --<br/>The money market --<br/>Adjustment to a decline in the money supply --<br/>Adjustment to an increase in the money supply --<br/>The Federal Reserve and the banking system --<br/>Historical background --<br/>Board of Governors --<br/>FOMC --<br/>The 12 Federal Reserve Banks --<br/>Commercial banks and thrifts --<br/>Fed functions and the money supply --<br/>Federal Reserve independence --<br/>Recent developments in money and banking --<br/>The relative decline of banks and thrifts --<br/>Consolidation among banks and thrifts --<br/>Convergence of services provided by financial institutions --<br/>Globalization of Financial Markets --<br/>Electronic Transactions --<br/>Last word : the global greenback --<br/>14. How banks and thrifts create money --<br/>The balance sheet of a commercial bank --<br/>Prologue : the goldsmiths --<br/>A single commercial bank --<br/>Formation of a commercial bank --<br/>Money-creating transactions of a commercial bank --<br/>Profits, liquidity, and the federal funds market --<br/>The banking system : multiple-deposit expansion --<br/>The banking system's lending potential --<br/>The monetary multiplier --<br/>Some modifications --<br/>Need for monetary control --<br/>Last word : the bank panics of 1930 to 1933 --<br/>15. Monetary policy --<br/>Consolidated balance sheet of the Federal Reserve Banks --<br/>Assets --<br/>Liabilities --<br/>Tools of monetary policy --<br/>Open-market operations --<br/>The reserve ratio --<br/>The discount rate --<br/>Easy money and tight Money --<br/>Relative importance --<br/>Monetary policy, real GDP, and the price level --<br/>Cause-effect chain --<br/>Effects of an easy money policy --<br/>Effects of a tight money policy --<br/>Monetary policy in action --<br/>The focus on the federal funds rate --<br/>Recent monetary policy --<br/>Problems and complications --<br/>"Artful management" or "inflation targeting"? --<br/>Monetary policy and the international economy --<br/>Consider this : pushing on a string --<br/>The "big picture" --<br/>Last word : for the fed, life is a metaphor. pt. 5. Long-run perspectives and macroeconomic debates --<br/>16. Extending the analysis of aggregate supply --<br/>From short run to long run --<br/>Short-run aggregate supply --<br/>Long-run aggregate supply --<br/>Equilibrium in the extended AD-AS model --<br/>Applying the extended AD-AS model --<br/>Demand-pull inflation in the extended AD-AS model --<br/>Cost-push inflation in the extended AD-AS model --<br/>Recession and the extended AD-AS model --<br/>The inflation-unemployment relationship --<br/>The Phillips curve --<br/>Aggregate supply shocks and the Phillips curve --<br/>The long-run Phillips curve --<br/>Short-run Phillips curve --<br/>Long-run vertical Phillips curve --<br/>Disinflation --<br/>Taxation and aggregate supply --<br/>Taxes and incentives to work --<br/>Incentives to save and invest --<br/>The Laffer curve --<br/>Criticisms of the Laffer curve --<br/>Rebuttal and evaluation --<br/>Consider this : Sherwood Forest --<br/>Last word : has the impact of oil prices diminished? --<br/>17. Economic growth --<br/>Ingredients of growth --<br/>Supply factors --<br/>Demand factor --<br/>Efficiency factor --<br/>Production possibilities analysis --<br/>Growth and production possibilities --<br/>Labor and productivity --<br/>Growth in the AD-AS model --<br/>U.S. economic growth rates --<br/>Accounting for growth --<br/>Labor inputs versus productivity --<br/>Technological advance --<br/>Quantity of capital --<br/>Education and training --<br/>Economies of scale and resource allocation --<br/>Other factors --<br/>Consider this : economic growth rates matter! --<br/>The productivity acceleration : a new economy? --<br/>Reasons for the productivity acceleration --<br/>Macroeconomic implications --<br/>Skepticism about permanence --<br/>What can we conclude? --<br/>Is growth desirable and sustainable? --<br/>The antigrowth view --<br/>In defense of economic growth --<br/>Last word : women and economic growth --<br/>18. Deficits, surpluses, and the public debt --<br/>Deficits, surpluses, and debt : definitions --<br/>Budget philosophies --<br/>Annually balanced budget --<br/>Cyclically balanced budget --<br/>Functional finance --<br/>The public debt : facts and figures --<br/>Causes --<br/>Quantitative aspects --<br/>Social Security considerations --<br/>False concerns --<br/>Bankruptcy --<br/>Burdening future generations --<br/>Substantive issues --<br/>Income distribution --<br/>Incentives --<br/>Foreign-owned public debt --<br/>Crowding out and the stock of capital --<br/>Deficits and surpluses : 1992-2012 --<br/>From deficits to surpluses --<br/>What to do with the surpluses? --<br/>Back to deficits in 2002 --<br/>The Tax cuts of 2003 --<br/>Last word : the long-run fiscal imbalance : Social Security --<br/>19. Disputes over macro theory and policy --<br/>Some history : classical economics and Keynes --<br/>The classical view --<br/>The Keynesian view --<br/>What causes macro instability? --<br/>Mainstream view --<br/>Monetarist view --<br/>Real-business-cycle view --<br/>Coordination failures --<br/>Does the economy "self-correct"? --<br/>New classical view of self-correction --<br/>Mainstream view of self-correction --<br/>Rules or discretion? --<br/>In support of policy rules --<br/>In defense of discretionary stabilization policy --<br/>Increased Macro stability --<br/>Consider this : on the road again --<br/>Summary of alternative views --<br/>Last word : the Taylor rule : could a robot replace Alan Greenspan? pt. 6. International economics and the world economy --<br/>20. International trade --<br/>Some key facts --<br/>The economic basis for trade --<br/>Comparative advantage : graphical analysis --<br/>Two isolated nations --<br/>Specializing based on comparative advantage --<br/>Terms of trade --<br/>Gains from trade --<br/>Trade with increasing costs --<br/>The case for free trade --<br/>Supply and demand analysis of exports and imports --<br/>Supply and demand in the United States --<br/>Supply and demand in Canada --<br/>Equilibrium world price, exports, and imports --<br/>Trade barriers --<br/>Economic impact of tariffs --<br/>Economic impact of quotas --<br/>Net costs of tariffs and quotas --<br/>Impact on income distribution --<br/>The case for protection : a critical review --<br/>Military self-sufficiency argument --<br/>Increased domestic employment argument --<br/>Diversification-for-stability argument --<br/>Infant industry argument --<br/>Protection-against-dumping argument --<br/>Cheap foreign labor argument --<br/>A summing up --<br/>Consider this : shooting yourself in the foot --<br/>Last word : the WTO protests --<br/>The World Trade Organization --<br/>21. Exchange rates, the balance of payments, and trade deficits --<br/>Financing international trade --<br/>U.S. export transaction --<br/>U.S. import transaction --<br/>The balance of payments --<br/>Current account --<br/>Capital account --<br/>Official reserves account --<br/>Payments, deficits, and surpluses --<br/>Flexible exchange rates --<br/>Depreciation and appreciation --<br/>Determinants of exchange rates --<br/>Flexible rates and the balance of payments --<br/>Disadvantages of flexible exchange rates --<br/>Consider this : the Big Mac index --<br/>Fixed exchange rates --<br/>Use of reserves --<br/>Trade policies --<br/>Exchange controls and rationing --<br/>Domestic macroeconomic adjustments --<br/>International exchange-rate systems --<br/>The gold standard : fixed exchange rates --<br/>The Bretton Woods system --<br/>The current system : the managed float --<br/>Recent U.S. trade deficits --<br/>Causes of the trade deficits --<br/>Implications of U.S. trade deficits --<br/>Last word : speculation in currency markets --<br/>22Web. The economics of developing countries (Web chapter, www.mcconnell16.com) --<br/>The rich and the poor --<br/>Classifications --<br/>Comparisons --<br/>Growth, decline, and income gaps --<br/>The human realities of poverty --<br/>Obstacles to economic development --<br/>Natural resources --<br/>Human resources --<br/>Capital accumulation --<br/>Technological advance --<br/>Sociocultural and institutional factors --<br/>The vicious circle --<br/>Role of government --<br/>A positive role --<br/>Public sector problems --<br/>Role of advanced nations --<br/>Expanding trade --<br/>Foreign aid : public loans and grants --<br/>Flows of private capital --<br/>Where from here? --<br/>DVC policies for promoting growth --<br/>IAC policies for fostering DVC growth --<br/>Last word : famine in Africa --<br/>23Web. Transition economies : Russia and China --<br/>(Web chapter, www.mcconnell16.com) --<br/>Ideology and institutions --<br/>State ownership and central planning --<br/>Planning goals and techniques --<br/>Problems with central planning --<br/>The coordination problem --<br/>The incentive problem --<br/>Collapse of the Soviet economy --<br/>Declining growth --<br/>Poor product quality --<br/>Lack of consumer goods --<br/>Large military burden --<br/>Agricultural drag --<br/>The Russian transition to a market system --<br/>Privatization --<br/>Price reform --<br/>Promotion of competition --<br/>Making the ruble fully convertible --<br/>Price-level stabilization --<br/>Other major problems --<br/>Recent revival --<br/>Market reforms in China --<br/>Agricultural and rural reform --<br/>Reform of urban industries --<br/>Special economic zones --<br/>Development of supporting institutions --<br/>Transformation of the SOEs --<br/>Outcomes and prospects --<br/>Positive outcomes of reform --<br/>Problems --<br/>Conclusion --<br/>Last word : police smash down Smirnov's doors --<br/>Glossary. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Macroeconomics. |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Brue, Stanley L. |
| Relator term |
author |
| 942 ## - ADDED ENTRY ELEMENTS |
|---|
| Source of classification or shelving scheme |
|
| Item type |
BOOK |
| Issues (borrowed), all copies |
1 |