Macroeconomics

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He learned the subject on the job at the University of Essex, England's most exciting new university of the 1960s, and at the age of 30 became one of the youngest full professors. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. He is author of the best-selling textbook, Economics (Pearson). Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the Ph.D. program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record. Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then.

Part 1: Introduction
1. Getting Started
2. The Australian and Global Economies
3. The Economic Problem
4. Demand and Supply
Part 2: Monitoring the Macroeconomy
5. GDP: A Measure of Total Production and Income
6. Jobs and Unemployment
7. The CPI and Cost of Living
Part 3: Understanding the Macroeconomy
8. Economic Growth
9. Finance, Saving and Investment
10. Money, the Price Level and Inflation
11. Aggregate Supply and Aggregate Demand
12. Aggregate Expenditure Multiplier
13. The Short-Run Policy Tradeoff
Part 4: Macroeconomic Policy
14. Fiscal Policy
15. Monetary Policy
16. International Trade Policy
17. International Finance

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