Macroeconomics: Private & Public Choice 17th Edition James Gwartney

Macroeconomics: Private & Public Choice – Ebook Instant Download/Delivery ISBN(s): 9780357134009,0357134001, 9798214347967

Product details:

• ISBN 13: 9798214347967
• Author: James Gwartney

Teach students to apply macroeconomics as Gwartney/Stroup/Sobel/Macpherson’s MACROECONOMICS: PRIVATE AND PUBLIC CHOICE, 17E places more emphasis than other text of its kind on the role of entrepreneurship in a market economy and the importance of public choice analysis in understanding the political process. New content shows entrepreneurship as key to understanding how the competitive market uses innovations to improve living standards. The authors also demonstrate how public choice analysis helps clarify voter, politician and bureaucrat incentives and their impact on political outcomes – which is particularly important since about 40 percent of national income is allocated through politics. Introductory chapters cover basic economic thinking while stressing how incentives influence individual choices under constraints imposed by scarcity and while highlighting how government attempts to alter incentives often create secondary effects. Content also shows how wealth is created as the “invisible hand” of market prices coordinates exchanges between consumers and producer-entrepreneurs.

Table contents:

Chapter 1. The Economic Approach

Chapter 2. Some Tools of the Economist

Chapter 3. Demand, Supply, and the Market Process

Chapter 4. Demand and Supply: Applications and Extensions

Chapter 5. Difficult Cases for the Market, and the Role of Government

Chapter 6. The Economics of Political Action

Chapter 7. Taking the Nation’s Economic Pulse

Chapter 8. Economic Fluctuations, Unemployment, and Inflation

Chapter 9. An Introduction to Basic Macroeconomic Markets

Chapter 10. Dynamic Change, Economic Fluctuations, and the AD–AS Model

Chapter 11. Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics

Chapter 12. Fiscal Policy, Incentives, and Secondary Effects

Chapter 13. Money and the Banking System

Chapter 14. Modern Macroeconomics and Monetary Policy

Chapter 15. Macroeconomic Policy, Economic Stability, and the Federal Debt

Chapter 16. Creating an Environment for Growth and Prosperity

Chapter 17. The Economics of Development

Chapter 18. Gaining from International Trade

Chapter 19. International Finance and the Foreign Exchange Market

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