Some people would rather perform root canal surgery on a rabid wolverine than sit through a discussion of Federal Reserve policies.
Jack A. Chambless' An Applied Approach to Macroeconomics prepares readers to become economically literate human beings by presenting real world issues in a somewhat controversial and humorous manner. The book is organized with a story in mind. The story takes the reader from the basic foundation of economic-thought through the market process and into the forces that shape the economic conditions we face every day.
An Applied Approach to Macroeconomics fills a niche in the economics textbook market by openly promoting the concept of free markets, economic liberty, and limited government. This does not mean that the book fails to point out the shortcomings and costs of free markets. Far from it. You will find ample material that examines the risks associated with economic liberty.
Virtually every chapter includes one or more topics devoted to current events like the post-Recession economic sluggishness, immigration issues, global warming, the controversial health care legislation, the 2016 election, oil prices and more.
An Applied Approach to Macroeconomics includes the following features:
- Concept Checks – questions created to make the reader think critically about issues that are central to the study of economics.
- Classroom Debates – current event topics that can be added to classroom discussions to enhance the reader's analytical tools.
- An Online Course Website with links to lectures, speeches, videos, audio essays, and more.
- Preface
About the Author
Acknowledgments
Dedication - CHAPTER ONE Introduction to Economics
- CHAPTER TWO The Economics of International Trade
- CHAPTER THREE The Economics of Capitalism
- CHAPTER FOUR The Economics of Socialism
- CHAPTER FIVE Economics as a Science
- CHAPTER SIX The Market Equilibrium Process
- CHAPTER SEVEN Changes in Supply and Demand
- CHAPTER EIGHT Government Interference in the Market
- CHAPTER NINE Health Care Economics
- CHAPTER TEN GDP, Unemployment, and Inflation
- CHAPTER ELEVEN Aggregate Demand and Aggregate Supply Analysis
- CHAPTER TWELVE Hayek, Keynes, and the Monetarists
- CHAPTER THIRTEEN Supply-Side Economics
- The United States Constitution
- Index
