Index
1 Introduction to Macroeconomics
This section provides an overview of macroeconomics, including the study of the economy as a whole, the role of government, and the major macroeconomic issues.
2 National Income Accounting
In this chapter, you will learn about national income accounting, including how to measure gross domestic product (GDP), the components of GDP, and the limitations of GDP as a measure of economic well-being.
3 Inflation and Unemployment
This section explores the concepts of inflation and unemployment, including how they are measured, their causes, and their effects on the economy.
4 Economic Growth
Economic growth is the focus of this chapter, including the factors that contribute to economic growth, the role of technology, and the relationship between economic growth and living standards.
5 Monetary and Fiscal Policy
This section covers monetary and fiscal policy, including the tools used by the government to stabilize the economy, the role of the Federal Reserve, and the impact of government spending and taxation on the economy.
6 International Trade and the Global Economy
The final chapter explores the role of international trade in the economy, including the benefits and costs of trade, the impact of globalization, and the role of international organizations such as the World Trade Organization.