Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Discuss …
By the end of this section, you will be able to:
Discuss the components of economic growth, including physical capital, human capital, and technology Explain capital deepening and its significance Analyze the methods employed in economic growth accounting studies Identify factors that contribute to a healthy climate for economic growth
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze the growth policies of low-income countries seeking to improve standards of living Analyze the growth policies of middle-income countries, particularly the East Asian Tigers with their focus on technology and market-oriented incentives Analyze the struggles facing economically-challenged countries wishing to enact growth policies Evaluate the success of sending aid to low-income countries
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain crowding out and its effect on physical capital investment Explain the relationship between budget deficits and interest rates Identify why economic growth is tied to investments in physical capital, human capital, and technology
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