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Macroeconomics: Theory and Applications, 1st Edition

Robert Lester

  • Copyright 2024
  • {{checkPublicationMessage('Published', '2023-08-01T00:00:00+0000')}}
Starting At $79.95 See pricing and ISBN options
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Macroeconomics: Theory and Applications 1st Edition by Robert Lester
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Overview

Lester's MACROECONOMICS: THEORY AND APPLICATIONS, 1st EDITION, bridges the gap between the way macroeconomics is done by academic economists, whether in universities or at the Federal Reserve, and the way macroeconomics is taught to undergraduate majors. Models of search and matching, endogenous growth and intertemporal consumption are introduced in a graphical framework suitable for undergraduate sophomores, juniors and graduate MBAs. The book offers many different types of assessment, including in-chapter knowledge checks and solutions, end-of-chapter review questions and problems, and several types of online resources.

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Meet the Authors

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Robert Lester

Robert Lester started working at Colby in 2015 after completing his graduate work at the University of Notre Dame. His research is in macroeconomics generally and monetary economics in particular.

Features

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  • Provides an up-to-date treatment of modern macroeconomic models in a way that is accessible to undergraduate students and MBAs.
  • Chapter applications focus on data and contemporary economic research.
  • Students can verify their understanding with knowledge checks within each chapter. The solutions are provided at the end of the chapter.
  • There are questions for review and problem sets at the end of every chapter. Solution sets are provided as an instructor resource.
  • Auto-graded, algorithmic and randomized end-of-chapter assessment and data-centric lab activities are available in online learning platform (MindTap).

Table of Contents

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PART I: GROWTH.
1. Defining and Measuring GDP.
2. Production Functions.
3. The Solow Model of Economic Growth.
4. Explaining Total Factor Productivity.
PART II: CLASSICAL THEORY.
5. Money, Prices, and Nominal Interest Rates.
6. Saving, Investment, and the Real Interest Rate.
7. International Trade and the Macroeconomy.
8. Labor Markets.
9. Government Spending and the Macroeconomy.
PART III: BUSINESS CYCLES.
10. Introduction to Business Cycles.
11. The IS-MP Model.
12. The IS-MP-AS Model.
13. IS-MP-AS in the Open Economy.
PART IV: BANKING AND FINANCIAL MARKETS.
14. Banking and the Macroeconomy.
15. Bonds, Stocks, and Monetary Policy.
Mathematical Appendix.

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 0357723414
  • ISBN-13: 9780357723418
  • RETAIL $84.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357723465
  • ISBN-13: 9780357723463
  • RETAIL $79.95

  • ISBN-10: 0357901770
  • ISBN-13: 9780357901779
  • RETAIL $189.95
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Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

MindTap for Lester's Macroeconomics: Theory and Applications, 1 term Instant Access

ISBN: 9780357723418
MindTap for Lester's MACROECONOMICS: THEORY AND APPLICATIONS, 1st EDITION, is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course -- to provide engaging content, to challenge every individual and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics and add your own material or notes in the eBook.