Principles of macroeconomics. 2nd ed.
Опубликовано на портале: 04-09-2003
Boston: Irwin, 2003, 576 с.
This brand-new principles of macroeconomics text is the most exciting new entry in years. Written by two well-known and well-respected economists, Bob Frank and Ben Bernanke, the text seeks to teach introductory students the core economic concepts-the essence of economics-without overwhelming them with details. Principles of Macroeconomics presents the material in an intuitive way that avoids excessive math. The authors introduce a well-articulated short list of core principles, reinforce them by illustrating and applying each principle in several contexts, and then ask students to work exercises to see what they’ve learned.
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. Although recent editions of a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best thought out and best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforcing them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles to answer related questions, exercises, and problems.
The text also encourages students to become Economic Naturalists, people who employ basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.
The Second Edition of Frank/Bernanke follows the successful First Edition with several pedagogical improvements. Based on reviewer feedback, this edition offers:
Part 1 Introduction
1. Thinking Like an Economist
2. Comparative Advantage: The Basis for Exchange
3. Supply and Demand: An Introduction
Part 2 Macroeconomics: Issues and Data
4. Macroeconomics: The Birds-Eye View of the Economy
5. Measuring Economic Activity: GDP and Unemployment
6. Measuring the Price Level and Inflation
Part 3 The Long Run
7. Economic Growth, Productivity, and Living Standards
8. Workers, Wages, and Unemployment in the Modern Economy
9. Saving and Capital Formation
10. Money, Prices, and the Federal Reserve
11. Financial Markets and International Capital Flows
Part 4 The Short Run
12. Short-term Economic Fluctuations: An Introduction
13. Spending and Output in the Short Run
14. Stabilizing the Economy: The Role of the Fed
15. Inflation and Aggregate Supply
Part 5 The International Economy
16. International Trade and Trade Policy
17. Exchange Rates and the Open Economy
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economic activity economic growth financial market GDP international capital flows introductory macroeconomics measuring money price productivity unemployment
Treasury Working Papers. 2003. No. 01/13.