This book is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. Significantly updated to provide an understanding of the post-financial crisis economy, the third edition covers the subprime crisis in...

Chapter 1. Introduction and Overview of the Fourth Edition -- Chapter 2. National Income Accounts -- Chapter 3. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity -- Chapter 4. Aggregate Demand: Setting the Stage for Demand-Side Stabilization -- Chapter 5....

Introduction and Overview -- Part One–International Trade Theory -- The Origins of Trade Theory -- The Ricardian Trade Model.- Factor Intensity -- Stripping Away Ricardo’s Assumptions -- Trade Barriers and Protectionism -- Part Two–Global Macroeconomics -- Global Macroeconomics -- Exchange...