With over 20 years experience teaching the economics principles course, Bob SextonÆs dedication and enthusiasm shines through in Exploring Macroeconomics, Second Edition. This text offers students lively, back-to-the-basics approach designed to take the intimidation out of economics. With its short, self-contained learning units and its carefully chosen pedagogy, graphs, and photos, this text will help studentsÆ master and retain the principles of economics.
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A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released EXPLORING ECONOMICS and Survey of ECON published by South-Western/Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.Review:
Part I: INTRODUCTION. 1. The Role and Method of Economics. 2. Economics: Eight Powerful Ideas. 3. Scarcity, Trade-Off, and Production Possibilities. Part II: SUPPLY AND DEMAND. 4. Demand, Supply and Market Equilibrium. 5. Markets in Motion and Price Controls. 6. Elasticity. Part III: Market Efficiency, Market Failure, and the Public System. 7. Market Efficiency and Welfare. 8. Market Failure. 9. Public Finance and Public Choice. Part IV: MACROECONOMICS FOUNDATIONS. 10. Introduction of Macroeconomics: Unemployment, Inflation, and Economic Fluctuations. 11. Measuring Economic Performance. 12. Economic Growth in the Global Economy. 13. Financial Markets, Savings, and Investment. Part V: THE MACROECONOMIC MODELS. 14. Aggregate Demand and Aggregate Supply. 15. The Aggregate Expenditure Model. Part VI: MACROECONOMIC POLICY. 16. Fiscal Policy. 17. Monetary Institutions. 18. The Federal Reserve System and Monetary Policy. 19. Issues in Macroeconomic Theory and Policy. Part VII: THE GLOBAL ECONOMY. 20. International Trade. 21. International Finance.
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