Buy Exploring Macroeconomics, 5th Edition PDF ebook by author Sexton, Fortura, Kovacs – published by Cengage Learning Canada Inc. in 2020 and save up to 80% compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also highlight, add text, underline add post-it notes, bookmarks to pages, instantly search for the major terms or chapter titles, etc.
You can search our site for other versions of the Exploring Macroeconomics, 5th Edition PDF ebook. You can also search for others PDF ebooks from publisher Cengage Learning Canada Inc., as well as from your favorite authors. We have thousands of online textbooks and course materials (mostly in PDF) that you can download immediately after purchase.
Note: e-textBooks do not come with access codes, CDs/DVDs, workbooks, and other supplemental items.
- Full title: Exploring Macroeconomics, 5th Edition
- Edition: 5th
- Copyright year: 2020
- Publisher: Cengage Learning Canada Inc.
- Author: Sexton, Fortura, Kovacs
- ISBN: 9780176877040, 9780176877217
- Format: PDF
Description of Exploring Macroeconomics, 5th Edition:
Exploring Macroeconomics, fifth Canadian edition, offers students a 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 helps students master and retain the principles of economics. In addition, the current-events focus and modular format of presenting information makes Exploring Macroeconomics a very student-accessible and user-friendly text. Driven by more than 70 years of combined experience teaching the economic principles course, the dedication and enthusiasm of Bob Sexton, Peter Fortura, and Colin Kovacs shine through in Exploring Macroeconomics.
Table of Contents of Exploring Macroeconomics, 5th Edition PDF ebook:
Brief ContentsDetailed ContentsAbout the AuthorsPrefaceAcknowledgmentsChapter 1: The Role and Method of Economics1.1 Economics: A Brief IntroductionWhat Is Economics?Why Study Economics?What Distinguishes Macroeconomics from Microeconomics?1.2 Economic TheoryWhat Are Economic Theories?Why Do We Need to Abstract?What Is a Hypothesis?What Is the Ceteris Paribus Assumption?Why Are Observations and Predictions Harder in the Social Sciences?What Distinguishes between Correlation and Causation?What Are Positive Analysis and Normative Analysis?1.3 ScarcityWhat Is Scarcity?What Are Goods and Services?Business Connection: Economics in Both Business and Life1.4 Opportunity CostWhy Do We Have to Make Choices?What Do We Give Up When We Have to Choose?Why Are “Free” Lunches Not Free?1.5 Marginal ThinkingWhat Do We Mean by Marginal Thinking?What Is the Rule of Rational Choice?Debate: Should Every New Politician Have to Be Educated in Economic Theory before Being Allowed to S1.6 Incentives MatterCan We Predict How People Will Respond to Changes in Incentives?What Are Positive and Negative Incentives?1.7 Specialization and TradeWhy Do People Specialize?How Do Specialization and Trade Lead to Greater Wealth and Prosperity?1.8 The Three Economic Questions Every Society FacesWhat Is to Be Produced?How Are the Goods and Services to Be Produced?Who Will Get the Goods and Services?For Your ReviewAppendix: Working with GraphsGraphs Are an Important Economic ToolUsing Graphs and ChartsUsing Graphs to Show the Relationship between Two VariablesThe Graph of a Demand CurveUsing Graphs to Show the Relationship among Three VariablesSlopeFor Your ReviewChapter 2: Scarcity, Trade-Offs, and Production Possibilities2.1 The Production Possibilities CurveWhat Is a Production Possibilities Curve?What Is Efficiency?How Is Opportunity Cost Measured?What Is the Law of Increasing Opportunity Costs?Business Connection: What Can the PPC Offer Managers?2.2 Economic Growth and the Production Possibilities CurveHow Do We Show Economic Growth on the Production Possibilities Curve?How Can We Summarize the Production Possibilities Curve?Debate: Costs and Benefits: Should Higher Education Be Fully Subsidized for the Consumer/Student?2.3 Market Prices Coordinate Economic ActivityWhat Is a Market?What Are the Roles of Buyers and Sellers in a Market?How Does a Market System Allocate Scarce Resources?What Is a Market Failure?2.4 The Circular Flow ModelWhat Are Product Markets?What Are Factor Markets?What Is the Goods and Services Flow?What Is the Income Flow?What Is the Circular Flow Model?For Your ReviewChapter 3: Supply and Demand3.1 DemandWhat Is the Law of Demand?What Is an Individual Demand Schedule and Curve?What Is a Market Demand Curve?3.2 Shifts in the Demand CurveWhat Is the Difference between a Change in Demand and a Change in Quantity Demanded?What Are the Determinants of Demand?Can We Review the Distinction between Changes in Demand and Changes in Quantity Demanded?3.3 SupplyWhat Is the Law of Supply?What Is an Individual Supply Curve?What Is a Market Supply Curve?3.4 Shifts in the Supply CurveWhat Is the Difference between a Change in Supply and a Change in Quantity Supplied?What Are the Determinants of Supply?Business Connection: Using Demand and SupplyDebate: Is It Ethical to Grow Corn for Fuel?Can We Review the Distinction between a Change in Supply and a Change in Quantity Supplied?For Your ReviewChapter 4: Bringing Supply and Demand Together4.1 Market Equilibrium Price and QuantityWhat Are the Equilibrium Price and the Equilibrium Quantity?What Is a Shortage and What Is a Surplus?Debate: Where There’s a Market, Should People Be Allowed to Trade Freely, without State Limitation4.2 Changes in Equilibrium Price and QuantityWhat Happens to Equilibrium Price and Equilibrium Quantity When the Demand Curve Shifts?What Happens to Equilibrium Price and Equilibrium Quantity When the Supply Curve Shifts?What Happens When Both Supply and Demand Shift in the Same Time Period?Business Connection: Equilibrium Determines Price4.3 Price ControlsWhat Are Price Controls?What Are Price Ceilings?What Are Price Floors?For Your ReviewChapter 5: Introduction to the Macroeconomy5.1 Macroeconomic GoalsWhat Are the Three Major Macroeconomic Goals in Canada?Are These Macroeconomic Goals Universal?5.2 Employment and UnemploymentWhat Is the Unemployment Rate?Are Unemployment Statistics Accurate Reflections of the Labour Market?How Long is Someone Typically Unemployed?What Is the Labour Force Participation Rate?5.3 Different Types of UnemploymentWhat Is Frictional Unemployment?What Is Structural Unemployment?What Is Cyclical Unemployment?What Is the Natural Rate of Unemployment?5.4 InflationWhy Is the Overall Price Level Important?How Is Inflation Measured Using the Consumer Price Index (CPI)?Is the CPI Accurate?Who Are the Winners and Losers during Inflation?What Are the Costs of Inflation?What Is the Relationship between Inflation and Interest Rates?Debate: Should the Government Stay Focused on Inflation Rather than Unemployment Rates?5.5 Economic FluctuationsWhat Are Short-Term Economic Fluctuations?What Are the Four Phases of a Business Cycle?How Long Does a Business Cycle Last?Business Connection: Revisiting the Production Possibilities Curve from a Macroeconomic PerspectiveFor Your ReviewChapter 6: Measuring Economic Performance6.1 National Income Accounting: Measuring Economic PerformanceWhy Do We Measure Our Economy’s Performance?What Is Gross Domestic Product (GDP)?6.2 The Expenditure Approach to Measuring GDPWhat Is the Expenditure Approach to Measuring GDP?What Is Consumption (C?)?What Is Investment (I?)?What Are Government Purchases (G?)?What Are Net Exports (X?2?M?)?Business Connection: Has GDP Run Its Time?6.3 The Income Approach to Measuring GDPWhat Is the Income Approach to Measuring GDP?What Do Personal Income and Disposable Income Measure?6.4 Issues with Calculating an Accurate GDPWhat Are the Problems with GDP in Measuring Output?How Is Real GDP Calculated?What Is Real GDP per Capita?6.5 Problems with GDP as a Measure of Economic WelfareWhat Are Some of the Deficiencies of GDP as a Measure of Economic Welfare?Debate: Should We Switch to Another Means of Measuring Macroeconomic Performance That Captures a MorFor Your ReviewChapter 7: Economic Growth in the Global Economy7.1 Economic GrowthHow Does Economic Growth Differ from the Business Cycle?What Is Economic Growth?What Is the Rule of 70?7.2 Determinants of Economic GrowthWhat Factors Contribute to Economic Growth?7.3 Public Policy and Economic GrowthWhat Policies Can a Nation Pursue to Increase Economic Growth?Business Connection: Slow(er) Growth Economy AheadCan Rates of Economic Growth between Different Economies Converge?7.4 Population and Economic GrowthWhat Is the Effect of Population Growth on per Capita Economic Growth?What Is the Malthusian Prediction?Debate: Should Sustainable Growth Be the Goal or Maximum Growth?For Your ReviewChapter 8: Aggregate Demand8.1 The Determinants of Aggregate DemandWhat Is Aggregate Demand?What Is Consumption?Debate: Should There Be a Guaranteed Annual Income Benefit?What Is Investment?What Are Government Purchases?What Are Net Exports?8.2 The Investment and Saving MarketWhat Is the Investment Demand Curve?What Is the Saving Supply Curve?How Is Equilibrium Determined in the Investment and Saving Market?What Effect Do Budget Surpluses and Budget Deficits Have on the Investment and Saving Market?8.3 The Aggregate Demand CurveHow Is the Quantity of Real GDP Demanded Affected by the Price Level?Why Is the Aggregate Demand Curve Negatively Sloped?8.4 Shifts in the Aggregate Demand CurveWhat Variables Cause the Aggregate Demand Curve to Shift?Business Connection: Changes in GDP: The Long and the Short of ItCan We Review the Determinants That Change Aggregate Demand?For Your ReviewChapter 9: Aggregate Supply and Macroeconomic Equilibrium9.1 The Aggregate Supply CurveWhat Is the Aggregate Supply Curve?Why Is the Short-Run Aggregate Supply Curve Positively Sloped?Why Is the Long-Run Aggregate Supply Curve Vertical at the Natural Rate of Output?9.2 Shifts in the Aggregate Supply CurveWhat Factors of Production Affect the Short-Run and Long-Run Aggregate Supply Curves?What Factors Exclusively Shift the Short-Run Aggregate Supply Curve?Can We Review the Determinants That Change Aggregate Supply?9.3 Macroeconomic EquilibriumHow Is Macroeconomic Equilibrium Determined?What Are Recessionary and Inflationary Gaps?How Can the Economy Self-Correct to a Recessionary Gap?How Can the Economy Self-Correct to an Inflationary Gap?Price Level and RGDP Over TimeBusiness Connection: Facing the Storm Clouds: Low Inflation and DeflationFor Your ReviewAppendix: The Keynesian Aggregate Expenditure ModelThe Simple Keynesian Aggregate Expenditure ModelConsumption in the Keynesian ModelEquilibrium in the Keynesian ModelDisequilibrium in the Keynesian ModelAdding Investment, Government Purchases, and Net ExportsFor Your ReviewChapter 10: Fiscal Policy10.1 Fiscal PolicyWhat Is Fiscal Policy?How Does Fiscal Policy Affect the Government’s Budget?10.2 Government: Spending and TaxationWhat Are the Major Categories of Government Spending?Business Connection: Corporate Navigation for a Change in Long-Term Fiscal GoalsWhat Are the Major Sources of Government Revenue?Debate: Should Canada Raise Corporate Taxes?10.3 The Multiplier EffectWhat Is the Multiplier Effect?What Impact Does the Multiplier Effect Have on the Aggregate Demand Curve?What Impact Does the Multiplier Effect Have on Tax Cuts?What Factors Can Potentially Reduce the Size of the Multiplier?10.4 Fiscal Policy and the AD/AS ModelHow Can Fiscal Policy Alleviate a Recessionary Gap?How Can Fiscal Policy Alleviate an Inflationary Gap?10.5 Automatic StabilizersWhat Are Automatic Stabilizers?How Does the Tax System Stabilize the Economy?10.6 Possible Obstacles to Effective Fiscal PolicyHow Does the Crowding-Out Effect Limit the Economic Impact of Expansionary Fiscal Policy?How Do Time Lags in Fiscal Policy Implementation Affect Policy Effectiveness?10.7 The Federal Government DebtHow Is the Budget Deficit Financed?What Has Happened to the Federal Budget Balance?What Is the Impact of Reducing a Budget Deficit?How Much Is the Burden of Government Debt in Canada?For Your ReviewChapter 11: Money and the Banking System11.1 What Is Money?What Is Money?What Are the Four Functions of Money?11.2 Measuring MoneyWhat Is Currency?What Are Demand and Savings Deposits?What Is Liquidity?How Is the Money Supply Measured?What Backs the Money Supply?11.3 How Banks Create MoneyWhat Types of Financial Institutions Exist in Canada?How Do Banks Create Money?What Does a Bank Balance Sheet Look Like?What Is a Desired Reserve Ratio?Business Connection: Dancing with Debt and the Money Supply11.4 The Money MultiplierHow Does the Multiple Expansion of the Money Supply Process Work?What Is the Money Multiplier?Why Is It Only “Potential” Money Creation?Debate: Should Canada Become a Cashless Society?For Your ReviewChapter 12: The Bank of Canada12.1 The Bank of CanadaWhat Is the Bank of Canada?What Are the Main Responsibilities of the Bank of Canada?Debate: Should Canada, the United States, and Mexico Share a Common Currency?12.2 Tools of the Bank of CanadaWhat Are the Tools of the Bank of Canada?What Is the Bank of Canada’s Approach to Monetary Policy?Business Connection: When the Bank Rate Increases, Beware!12.3 Money and InflationWhat Is the Equation of Exchange?What Is the Quantity Theory of Money and Prices?For Your ReviewChapter 13: Monetary Policy13.1 Money, Interest Rates, and Aggregate DemandWhat Determines the Money Market?How Does the Bank of Canada Affect RGDP in the Short Run?Does the Bank of Canada Target the Money Supply or the Interest Rate?Which Interest Rate Does the Bank of Canada Target?Does the Bank of Canada Influence the Real Interest Rate in the Short Run?13.2 Expansionary and Contractionary Monetary PolicyHow Does Expansionary Monetary Policy Work in a Recessionary Gap?How Does Contractionary Monetary Policy Work in an Inflationary Gap?How Does Monetary Policy Work in the Open Economy?Debate: Should Bank of Canada Appointments Remain out of Voters’ Hands?13.3 Problems in Implementing Monetary and Fiscal PolicyWhat Problems Exist in Implementing Monetary and Fiscal Policy?13.4 The Phillips CurveWhat Is the Phillips Curve?How Does the Phillips Curve Relate to the Aggregate Supply and Demand Model?Business Connection: Getting a Jump on Inflation in Modern TimesFor Your ReviewChapter 14: International Trade14.1 Canada’s Merchandise TradeWho Are Canada’s Trading Partners?What Does Canada Import and Export?Business Connection: What a Difference a Few Years Make in Business and Politics14.2 International Trade AgreementsWhat Has Been the Impact of International Trade on Canada?What International Trade Agreements Is Canada Involved In?Debate: Should Canada Cut Back on Trade with China?14.3 Comparative Advantage and Gains from TradeWhy Do Economies Trade?What Is the Principle of Comparative Advantage?14.4 Supply and Demand in International TradeWhat Are Consumer Surplus and Producer Surplus?Who Benefits and Who Loses When a Country Becomes an Exporter?Who Benefits and Who Loses When a Country Becomes an Importer?14.5 Tariffs, Import Quotas, and SubsidiesWhat Is a Tariff?What Is the Impact of Tariffs on the Domestic Economy?What Are Some Arguments in Favour of Tariffs?What Are Import Quotas?What Is the Impact of Import Quotas on the Domestic Economy?What Is the Economic Impact of Subsidies?For Your ReviewChapter 15: International Finance15.1 The Balance of PaymentsWhat Is the Balance of Payments?What Is the Current Account?What Is the Capital Account?What Is the Statistical Discrepancy?15.2 Exchange RatesWhat Are Exchange Rates?Debate: Is a Low Loonie Good for Canada’s Economy?How Are Exchange Rates Determined?Business Connection: Managing Transaction Risks15.3 Equilibrium Changes in the Foreign Exchange MarketWhat Are the Major Determinants in the Foreign Exchange Market?15.4 Flexible Exchange RatesHow Are Exchange Rates Determined Today?What Are the Advantages of a Flexible Exchange Rate System?What Are the Disadvantages of a Flexible Exchange Rate System?For Your ReviewAnswers to Odd-Numbered ProblemsGlossaryIndexChapter in Review