Principles of Macroeconomics 3e
David Shapiro
This audiobook is narrated by a digital voice.
This audiobook recording was created from the July 2024 web version of Principles of Macroeconomics 3e by OpenStax. It may be more up-to-date than the textbook published in 2022.
Principles of Macroeconomics 3e covers the scope and sequence of most one-semester introductory macroeconomics courses. The third edition takes a balanced approach to the theory and application of macroeconomic concepts. The text uses conversational language and ample illustrations to explore economic theories and provides a wide array of examples using both fictional and real-world scenarios. The third edition has been carefully and thoroughly updated to reflect current data and understanding, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. Brief references and deeply explored socio-political examples have also been updated to showcase the critical – and sometimes unnoticed – ties between economic developments and topics relevant to students.
This audio textbook is produced by https://AudibleClassroom.com
This is an audio adaptation of Principles of Macroeconomics 3e by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better listening experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
Duration - 1h 32m.
Author - David Shapiro.
Narrator - Digital Voice Maxwell G.
Published Date - Monday, 20 January 2025.
Copyright - © 2024 Rice University ©.
Location:
United States
Description:
This audiobook is narrated by a digital voice. This audiobook recording was created from the July 2024 web version of Principles of Macroeconomics 3e by OpenStax. It may be more up-to-date than the textbook published in 2022. Principles of Macroeconomics 3e covers the scope and sequence of most one-semester introductory macroeconomics courses. The third edition takes a balanced approach to the theory and application of macroeconomic concepts. The text uses conversational language and ample illustrations to explore economic theories and provides a wide array of examples using both fictional and real-world scenarios. The third edition has been carefully and thoroughly updated to reflect current data and understanding, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. Brief references and deeply explored socio-political examples have also been updated to showcase the critical – and sometimes unnoticed – ties between economic developments and topics relevant to students. This audio textbook is produced by https://AudibleClassroom.com This is an audio adaptation of Principles of Macroeconomics 3e by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better listening experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. Duration - 1h 32m. Author - David Shapiro. Narrator - Digital Voice Maxwell G. Published Date - Monday, 20 January 2025. Copyright - © 2024 Rice University ©.
Language:
English
Opening Credits
Duration:00:00:24
Preface
Duration:00:01:29
Chapter 1: Welcome to Economics
Duration:00:02:51
1.1 What Is Economics, and Why Is It Important?
Duration:00:15:27
1.2 Microeconomics and Macroeconomics
Duration:00:05:53
1.3 How Economists Use Theories and Models to Understand Economic Issues
Duration:00:05:58
1.4 How To Organize Economies: An Overview of Economic Systems
Duration:00:13:28
Key Terms
Duration:00:03:30
Key Concepts and Summary
Duration:00:02:32
Self-Check Questions
Duration:00:01:51
Review Questions
Duration:00:01:12
Critical Thinking Questions
Duration:00:01:52
Chapter 2: Choice in a World of Scarcity
Duration:00:04:00
2.1 How Individuals Make Choices Based on Their Budget Constraint
Duration:00:15:57
2.2 The Production Possibilities Frontier and Social Choices
Duration:00:17:59
2.3 Confronting Objections to the Economic Approach
Duration:00:13:24
Problems
Duration:00:00:45
Chapter 3: Demand and Supply
Duration:00:03:40
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
Duration:00:13:10
3.2 Shifts in Demand and Supply for Goods and Services
Duration:00:21:25
3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process
Duration:00:17:02
3.4 Price Ceilings and Price Floors
Duration:00:09:58
3.5 Demand, Supply, and Efficiency
Duration:00:11:54
Chapter 4: Labor and Financial Markets
Duration:00:03:37
4.1 Demand and Supply at Work in Labor Markets
Duration:00:21:27
4.2 Demand and Supply in Financial Markets
Duration:00:14:04
4.3 The Market System as an Efficient Mechanism for Information
Duration:00:07:31
Chapter 5: Elasticity
Duration:00:05:17
5.1 Price Elasticity of Demand and Price Elasticity of Supply
Duration:00:04:21
5.2 Polar Cases of Elasticity and Constant Elasticity
Duration:00:05:05
5.3 Elasticity and Pricing
Duration:00:21:20
5.4 Elasticity in Areas Other Than Price
Duration:00:10:59
Chapter 6: The Macroeconomic Perspective
Duration:00:07:01
6.1 Measuring the Size of the Economy: Gross Domestic Product
Duration:00:19:27
6.2 Adjusting Nominal Values to Real Values
Duration:00:04:56
6.3 Tracking Real GDP over Time
Duration:00:03:27
6.4 Comparing GDP among Countries
Duration:00:05:44
6.5 How Well GDP Measures the Well-Being of Society
Duration:00:10:47
Chapter 7: Economic Growth
Duration:00:04:31
7.1 The Relatively Recent Arrival of Economic Growth
Duration:00:12:39
7.2 Labor Productivity and Economic Growth
Duration:00:14:57
7.3 Components of Economic Growth
Duration:00:17:15
7.4 Economic Convergence
Duration:00:15:41
Chapter 8: Unemployment
Duration:00:04:12
8.1 How Economists Define and Compute Unemployment Rate
Duration:00:11:35
8.2 Patterns of Unemployment
Duration:00:10:09
8.3 What Causes Changes in Unemployment over the Short Run
Duration:00:11:17
8.4 What Causes Changes in Unemployment over the Long Run
Duration:00:26:46
Chapter 9: Inflation
Duration:00:04:54
9.1 Tracking Inflation
Duration:00:11:31
9.2 How to Measure Changes in the Cost of Living
Duration:00:18:25
9.3 How the U.S. and Other Countries Experience Inflation
Duration:00:06:35
9.4 The Confusion Over Inflation
Duration:00:18:14
9.5 Indexing and Its Limitations
Duration:00:11:29
Chapter 10: The International Trade and Capital Flows
Duration:00:05:36
10.1 Measuring Trade Balances
Duration:00:06:39
10.2 Trade Balances in Historical and International Context
Duration:00:02:46
10.3 Trade Balances and Flows of Financial Capital
Duration:00:03:51
10.4 The National Saving and Investment Identity
Duration:00:12:30
10.5 The Pros and Cons of Trade Deficits and Surpluses
Duration:00:09:20
10.6 The Difference between Level of Trade and the Trade Balance
Duration:00:08:01
Chapter 11: The Aggregate Demand/Aggregate Supply Model
Duration:00:04:46
11.1 Macroeconomic Perspectives on Demand and Supply
Duration:00:07:03
11.2 Building a Model of Aggregate Demand and Aggregate Supply
Duration:00:14:50
11.3 Shifts in Aggregate Supply
Duration:00:07:18
11.4 Shifts in Aggregate Demand
Duration:00:13:04
11.5 How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Duration:00:10:02
11.6 Keynes’ Law and Say’s Law in the AD/AS Model
Duration:00:05:32
Chapter 12: The Keynesian Perspective
Duration:00:03:16
12.1 Aggregate Demand in Keynesian Analysis
Duration:00:10:38
12.2 The Building Blocks of Keynesian Analysis
Duration:00:11:28
12.3 The Phillips Curve
Duration:00:06:38
12.4 The Keynesian Perspective on Market Forces
Duration:00:04:42
Chapter 13: The Neoclassical Perspective
Duration:00:06:29
13.1 The Building Blocks of Neoclassical Analysis
Duration:00:18:38
13.2 The Policy Implications of the Neoclassical Perspective
Duration:00:16:02
13.3 Balancing Keynesian and Neoclassical Models
Duration:00:06:58
Chapter 14: Money and Banking
Duration:00:03:31
14.1 Defining Money by Its Functions
Duration:00:07:19
14.2 Measuring Money: Currency, M1, and M2
Duration:00:07:31
14.3 The Role of Banks
Duration:00:21:38
14.4 How Banks Create Money
Duration:00:11:30
Chapter 15: Monetary Policy and Bank Regulation
Duration:00:03:15
15.1 The Federal Reserve Banking System and Central Banks
Duration:00:07:50
15.2 Bank Regulation
Duration:00:10:49
15.3 How a Central Bank Executes Monetary Policy
Duration:00:23:52
15.4 Monetary Policy and Economic Outcomes
Duration:00:13:37
15.5 Pitfalls for Monetary Policy
Duration:00:24:50
Chapter 16: Exchange Rates and International Capital Flows
Duration:00:04:13
16.1 How the Foreign Exchange Market Works
Duration:00:25:43
16.2 Demand and Supply Shifts in Foreign Exchange Markets
Duration:00:11:53
16.3 Macroeconomic Effects of Exchange Rates
Duration:00:08:53
16.4 Exchange Rate Policies
Duration:00:20:47
Chapter 17: Government Budgets and Fiscal Policy
Duration:00:03:58
17.1 Government Spending
Duration:00:08:21
17.2 Taxation
Duration:00:07:39
17.3 Federal Deficits and the National Debt
Duration:00:09:19
17.4 Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
Duration:00:10:59
17.5 Automatic Stabilizers
Duration:00:08:48
17.6 Practical Problems with Discretionary Fiscal Policy
Duration:00:13:42
17.7 The Question of a Balanced Budget
Duration:00:05:02
Chapter 18: The Impacts of Government Borrowing
Duration:00:03:56
18.1 How Government Borrowing Affects Investment and the Trade Balance
Duration:00:06:16
18.2 Fiscal Policy and the Trade Balance
Duration:00:13:43
18.3 How Government Borrowing Affects Private Saving
Duration:00:03:58
18.4 Fiscal Policy, Investment, and Economic Growth
Duration:00:18:51
Chapter 19: Macroeconomic Policy Around the World
Duration:00:04:06
19.1 The Diversity of Countries and Economies across the World
Duration:00:08:55
19.2 Improving Countries’ Standards of Living
Duration:00:18:16
19.3 Causes of Unemployment around the World
Duration:00:08:01
19.4 Causes of Inflation in Various Countries and Regions
Duration:00:04:35
19.5 Balance of Trade Concerns
Duration:00:18:03
Chapter 20: International Trade
Duration:00:04:41
20.1 Absolute and Comparative Advantage
Duration:00:14:20
20.2 What Happens When a Country Has an Absolute Advantage in All Goods
Duration:00:11:24
20.3 Intra-industry Trade between Similar Economies
Duration:00:09:38
20.4 The Benefits of Reducing Barriers to International Trade
Duration:00:06:28
Chapter 21: Globalization and Protectionism
Duration:00:04:04
21.1 Protectionism: An Indirect Subsidy from Consumers to Producers
Duration:00:19:02
21.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions
Duration:00:13:59
21.3 Arguments in Support of Restricting Imports
Duration:00:25:06
21.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally
Duration:00:10:48
21.5 The Tradeoffs of Trade Policy
Duration:00:06:47
Closing Credits
Duration:00:00:07