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Macroeconomics: 2024 Release
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The 2024 Release of Macroeconomics by Dean Karlan and Jonathan Morduch is a transformative update to empower students in reshaping their world. It features a fresh print release, updated eBook/SmartBook, and enriched digital content in Connect® to allow students a seamless transition from page to screen. Karlan and Morduch’s product is a champion for personal and public change, redefining economics as a tool not just for personal gain but for public and business policy betterment.
It challenges students to reach conclusions on how they will improve the world, cultivating a mindset that thinks like economists.
Macroeconomics isn’t just a textbook; it’s an experience allowing students to learn how to use the power of economics to shape a world that's not just better but THEIRS. Erase boundaries between classroom and reality, with content grounded in updated empirical evidence, data, and research. Highlights include fresh insights from diverse voices to offer a broadened perspective, topics include overhauled Monetary Policy, development econ, public choice, choice architecture, ADA-compliant figures redrawn to ensure accessibility for all learners and more.
PART 1: THE POWER OF ECONOMICS
1 Economics and Life
2 Specialization and Exchange
PART 2: SUPPLY AND DEMAND
3 Markets
4 Elasticity
5 Efficiency
6 Government Intervention
MACROECONOMICS THINKING LIKE A MACROECONOMIST
PART 3: THE DATA OF MACROECONOMICS
7 Measuring GDP
8 The Cost of Living
PART 4: LABOR MARKETS AND ECONOMIC GROWTH
9 Unemployment and the Labor Market
10 Economic Growth
PART 5: THE ECONOMY IN THE SHORT AND LONG RUN
11 Aggregate Expenditure
12 Aggregate Demand and Aggregate Supply
13 Fiscal Policy
PART 6: THE FINANCIAL SYSTEM AND INSTITUTIONS
14 The Basics of Finance
15 Money and the Monetary System
16 Inflation
17 Financial Crisis
PART 7: INTERNATIONAL POLICY ISSUES
18 Open-Market Macroeconomics
19 Development Economics
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About the Author
Dean Karlan
Dean Karlan is Professor of Economics and Finance at Northwestern University and President and Founder of Innovations for Poverty Action (IPA). Dean started IPA in 2002 with two aims: to help learn what works and what does not in the fight against poverty and other social problems around the world, and then to implement successful ideas at scale. IPA has worked in over 50 countries, with 1,000 employees around the world. Dean’s personal research focuses on using field experiments to learn more about the effectiveness of financial services for low-income households, with a focus on using behavioral economics approaches to improve financial products and services. His research includes related areas, such as building income for those in extreme poverty, charitable fund-raising, voting, health, and education. Dean is also co founder of stickK.com, a start-up that helps people use commitment contracts to achieve personal goals, such as losing weight or completing a problem set on time, and in 2015 he founded Impact Matters, an organization that helps assess whether charitable organizations are using and producing appropriate evidence of impact. Dean is a Sloan Foundation Research Fellow, a Guggenheim Fellow, and an Executive Committee member of the Board of the M.I.T. Jameel Poverty Action Lab. In 2007 he was awarded a Presidential Early Career Award for Scientists and Engineers. He is co editor of the Journal of Development Economics and on the editorial board of American Economic Journal: Applied Economics. He holds a BA from University of Virginia, an MPP and MBA from University of Chicago, and a PhD in Economics from MIT. In 2016 he coauthored Failing in the Field, and in 2011 he coauthored More Than Good Intentions:Improving the Ways the World’s Poor Borrow, Save, Farm, Learn, and Stay Healthy.
Jonathan Morduch
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