The economy today

Abstract

Economics - the core questions the US economy - a global view supply and demand the public sector. Part 1 Major problems: national income accounting unemployment inflation. Part 2 Cyclical instability: the business cycle aggregate spending self-adjustment or instability? Part 3 Fiscal policy options: fiscal policy deficits, surpluses and debt. Part 4 Monetary policy options: money and banks the federal reserve system monetary policy. Part 5 Supply side options: supply-side policy - short-run options growth and productivity - long-run possibilities. Part 6 Current policies: global macro theory and reality. Part 7 Product markets: the basics - the demand for goods the costs of production. Part 8 Market structure: the competitive firms competitive markets monopoly oligopoly monopolistic competition. Part 9 Regulatory issues: (de) regulation of business environmental protection agriculture. Part 10 Factor market: basic theory - the labour market labour unions uncertainty, risk, and financial markets - stock and bond markets. Part 11 Distributional issues: taxes - equity versus efficiency transfer payments - welfare and social security. Part 12 International economics and comparative systems: international trade international finance international development and economies in transition. Glossary. Problem sets.

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