Model
Digital Document
Description
The textbook begins by looking at basic economic concepts and models, such as scarcity, choice, model-building, opportunity cost, production possibilities curves, comparative advantage, and supply and demand analysis. After a chapter exploring the relationships between markets and government, the text then delves into a rigorous analysis of the theory and practice of macroeconomics. Topics include the measurement of macroeconomic variables, macroeconomic models, and fiscal and monetary policy. The text emphasizes the connections between theory and policy in exploring the field of macroeconomics.
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