Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course.
Examples are domestic and international in their subject matter and are of the modern era - financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included.
This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks.
This open book is licensed under a Creative Commons License (CC BY-NC-SA). You can download Principles of Macroeconomics ebook for free in PDF format (2.4 MB).
Table of Contents
The Building Blocks
Introduction to key ideas
Theories, data and beliefs
The classical marketplace - demand and supply
Introduction to Macroeconomics
Economic activity & performance
Output, business cycles, growth & employment
Aggregate expenditure & aggregate demand
The government sector
Financial Markets & Economic Activity
Money, banking & money supply
Financial markets, interest rates, foreign exchange rates & AD
Central banking and monetary policy
Real GDP, Business Cycles, Policy and Growth
Inflation, real GDP, monetary policy & fiscal policy
Exchange rates, monetary policy, and fiscal policy