AP_Krugman_Textbook

Macroeconomics

Section 1

Basic Economic Concepts 1

Module 1 The Study of Economics 2

Module 2 Introduction to Macroeconomics 10

Module 3 The Production Possibilities Curve Model 16

Module 4 Comparative Advantage and Trade 23

Appendix Graphs in Economics 34

Section 2

Supply and Demand 47

Module 5 Supply and Demand: Introduction and Demand 48

Module 6 Supply and Demand: Supply and Equilibrium 59

Module 7 Supply and Demand: Changes in Equilibrium 71

Module 8 Supply and Demand: Price Controls (Ceilings

and Floors) 77

Module 9 Supply and Demand: Quantity Controls 88

Section 3

Measurement of Economic Performance 101

Module 10 The Circular Flow and Gross Domestic

Product 102

Module 11 Interpreting Real Gross Domestic Product 112

of Payments Module 41Capital Flows and the Balance

Unemployment 118

Module 13 The Causes and Categories of Unemployment 126

Module 14 Inflation: An Overview 134

Module 15 The Measurement and Calculation of Inflation 142

Section 4

National Income and Price Determination 157

Module 16 Income and Expenditure 158

Module 17 Aggregate Demand: Introduction and

Determinants 172

Module 18 Aggregate Supply: Introduction and

Determinants 179

Module 19 Equilibrium in the Aggregate Demand—

Aggregate Supply Model 190

Module 20 Economic Policy and the Aggregate

Demand—Aggregate Supply Model 199

Module 21 Fiscal Policy and the Multiplier 209

Section 5

Financial Sector 221

Module 22 Saving, Investment, and the Financial System 222

Module 23 Definition and Measurement of Money 231

Module 24 The Time Value of Money 237

Module 25 Banking and Money Creation 243

Module 26 The Federal Reserve System—History and

Structure 253

Module 27 The Federal Reserve System—Monetary

Policy 262

Module 42 The Foreign Exchange Market

Module 29 The Market for Loanable Funds 277

Section 6

Inflation, Unemployment, and Stabilization

Policies 295

Module 30 Long-run Implications of Fiscal Policy:

Deficits and the Public Debt 296

Module 31 Monetary Policy and the Interest Rate 307

Module 32 Money, Output, and Prices in the Long Run 315

Module 33 Types of Inflation, Disinflation, and

Deflation 321

Module 34 Inflation and Unemployment:

The Phillips Curve 331

Module 35 History and Alternative Views of

Macroeconomics 343

Module 36 The Modern Macroeconomic Consensus 355

Section 7

Economic Growth and Productivity 367

Module 37 Long-run Economic Growth 368

Module 38 Productivity and Growth 376

Module 39 Growth Policy: Why Economic Growth

Rates Differ 387

Module 40 Economic Growth in Macroeconomic

Models 398

Brief Contents

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