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Preface
Bettina Berch
Table of Contents
1. Introduction
2. Economics is a Social Science: We Use Models to Analyze Real Life
3. How Markets Work: Supply and Demand and Equilibrium
4. Diving Deeper Into the Curves: Elasticity and Welfare Analysis and What They Offer
5. Roles of the Government in the Economy: Price Controls
6. Roles of the Government in the Economy: Market Failures (Public Goods and Externalities) and the Criminal Justice System
7. Roles of the Government in the Economy: Taxation and Reducing Inequality
8. GDP: What It Is...And What It Isn't
9. Evaluating GDP: Does It Measure What We Want It To?
10. Measuring the Price Level: The Consumer Price Index
11. Employment, Unemployment and How They Are Measured
12. The Future of Work
13. Production and Growth
14. Tools of Finance: Stocks, Bonds, Mutual Funds, Insurance
15. Investment: The Market for Loanable Funds Model and Alternatives
16. Money: What It Is and How It Works
17. The Federal Reserve
18. Monetary Policy and Inflation
19. The Future of Money
20. The Aggregate Model: Aggregate Demand, Long-Run Aggregate Supply, and Short-Run Aggregate Supply
21. The Aggregate Model: Equilibrium and automatic stabilizers
22. The Aggregate Model: Discretionary (Monetary and Fiscal) Policy
23. The World Economy: International Trade in Theory and Reality
24. The World Economy: Globalization and Its Problems
25. The World Economy: The Challenges of Development
Appendix: Sample Syllabus and Sample Panel Assignment Page
Appendix: Summary of Course Topics
Appendix: Resources for teachers
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Macroeconomics: The Big Picture Copyright © 2024 by Bettina Berch is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.