About this app
Principles of Macroeconomics covers the scope and sequence requirements of most introductory macroeconomics courses.The text also includes many current examples, which are handled in a politically equitable way.
The outcome is a balanced approach to both Keynesian and classical views, and to the theory and application of economics concepts.
* Complete Textbook by OpenStax
* Multiple Choices Questions (MCQ)
* Essay Questions Flash Cards
* Key-Terms Flash Cards
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1. Welcome to Economics!
t1.1. What Economics Is and Why It's Important
t1.2. Microeconomics and Macroeconomics
t1.3. How Economists Use Theories and Models to Understand Economic Issues
t1.4. How Economies Can Be Organized: An Overview of Economic Systems
2. Choice in a World of Scarcity
t2.1. How Individuals Make Choices Based on Their Budget Constraint
t2.2. The Production Possibilities Frontier and Social Choices
t2.3. Confronting Objections to the Economic Approach
3. Demand and Supply
t3.1. Demand, Supply, and Equilibrium in Markets for Goods and Services
t3.2. Shifts in Demand and Supply for Goods and Services
t3.3. Changes in Equilibrium Price and Quantity: The Four-Step Process
t3.4. Price Ceilings and Price Floors
t3.5. Demand, Supply, and Efficiency
4. Labor and Financial Markets
t4.1. Demand and Supply at Work in Labor Markets
t4.2. Demand and Supply in Financial Markets
t4.3. The Market System as an Efficient Mechanism for Information
5. Elasticity
t5.1. Price Elasticity of Demand and Price Elasticity of Supply
t5.2. Polar Cases of Elasticity and Constant Elasticity
t5.3. Elasticity and Pricing
t5.4. Elasticity in Areas Other Than Price
6. The Macroeconomic Perspective
t6.1. Measuring the Size of the Economy: Gross Domestic Product
t6.2. Adjusting Nominal Values to Real Values
t6.3. Tracking Real GDP over Time
t6.4. Comparing GDP among Countries
t6.5. How Well GDP Measures the Well-Being of Society
7. Economic Growth
t7.1. The Relatively Recent Arrival of Economic Growth
t7.2. Labor Productivity and Economic Growth
t7.3. Components of Economic Growth
t7.4. Economic Convergence
8. Unemployment
t8.1. How the Unemployment Rate is Defined and Computed
t8.2. Patterns of Unemployment
t8.3. What Causes Changes in Unemployment over the Short Run
t8.4. What Causes Changes in Unemployment over the Long Run
9. Inflation
t9.1. Tracking Inflation
t9.2. How Changes in the Cost of Living are Measured
t9.3. How the U.S. and Other Countries Experience Inflation
t9.4. The Confusion Over Inflation
t9.5. Indexing and Its Limitations
10. The International Trade and Capital Flows
t10.1. Measuring Trade Balances
t10.2. Trade Balances in Historical and International Context
t10.3. Trade Balances and Flows of Financial Capital
t10.4. The National Saving and Investment Identity
t10.5. The Pros and Cons of Trade Deficits and Surpluses
t10.6. The Difference between Level of Trade and the Trade Balance
11. The Aggregate Demand/Aggregate Supply Model
t11.1. Macroeconomic Perspectives on Demand and Supply
t11.2. Building a Model of Aggregate Demand and Aggregate Supply
t11.3. Shifts in Aggregate Supply
t11.4. Shifts in Aggregate Demand
t11.5. How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
t11.6. Keynes’ Law and Say’s Law in the AD/AS Model
12. The Keynesian Perspective
13. The Neoclassical Perspective
14. Money and Banking
15. Monetary Policy and Bank Regulation
16. Exchange Rates and International Capital Flows
17. Government Budgets and Fiscal Policy
18. The Impacts of Government Borrowing
19. Macroeconomic Policy Around the World
20. International Trade
21. Globalization and Protectionism
