Macroeconomics 1e

A Modern Approach, International Edition Robert J. Barro, Harvard University 512pp Published by Cengage Learning, ©2008 £58.99

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Offering a uniquely modern presentation of macroeconomics, this brand-new text makes it easy for instructors to emphasize a solid microfoundations, real-business cycle approach. In the all-new MACROECONOMICS: A MODERN APPROACH, leading economist and proven author Robert J. Barro couples his extraordinary command of growth, equilibrium, and business cycles with a focus on microfoundations to create a groundbreaking new macroeconomics textbook steeped in real-world application. Accessibly written and extremely student friendly, the book is packed with current policy and data examples, reflecting the author’s extensive research in the field. The book also includes captivating boxed features, challenging exercises, and innovative online resources like CengageNOW, which enables students to create personalized learning paths and equips instructors with tools to easily assign, grade, and record homework and quizzes. Covering growth theory more completely than any other text, MACROECONOMICS delivers a unified model of macroeconomics that serves well for economics majors and nonmajors alike.

Features

• Comprehensive Coverage: With MACROECONOMICS, instructors who prefer to cover growth with solid attention to theory, thorough coverage, and real-world and historical examples no longer have to supplement their text. Likewise, those who emphasize microfoundations will find complete coverage in this book. Rather than detailing each of the various models -- IS/LM, AD/AS, growth, real business cycles -- Barro formulates a unified model of macroeconomics that serves as an excellent building block for those who go on to major in economics as well as students who pursue other fields of study.
• Real-World Emphasis: Three exciting boxed features support the book?s modern, accessible approach to macro theory. ?Do the Math? boxes ensure students fully grasp the algebra used. ?By the Numbers? illustrates empirical data and how it is used in real-world practice by actual macroeconomists. ?Back to Reality? features spotlight theory in action through intriguing historical and policy examples.
• Hands-On Application: Throughout the text, students are challenged to apply what they?ve learned. End-of-chapter review questions and problems for discussion reinforce the key concepts and spark lively discussions, while figures, graphs, and data demonstrate how theoretical models are built and tested. There are myriad online activities as well.
• CengageNOW: This optional powerhouse of online resources delivers the ideal tutorial and assessment environment for students. Diagnostic pretests and post-tests create self-paced customized learning paths, while multimedia graphing tutorials, ABC News segments, Tomlinson Videos, interactive exercises, hands-on exploration and analysis of the latest economic news stories, policy debates, and data, and much more offer exciting opportunities for further enrichment. In addition, innovative homework and course management tools help instructors easily create and grade assignments and quizzes -- saving them valuable time and offering ultimate flexibility.
• InfoTrac College Edition: Anytime, anywhere access to more than 10 million full-text articles from nearly 4,000 scholarly and popular sources! In addition to the latest news reported in the popular business press, students also have access to The Economist, U.S. American Economist, Economic Review, Quarterly Journal of Economics, and countless other journals.

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 Growth Model.
5. Conditional Convergence and 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.
17. World Markets in Goods and Credit.
18. Exchange Rates.
Bibliography.
Glossary.
Index.

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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 recently 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.