Correlations

Economics Today, 11th Edition ©2001

Roger LeRoy Miller

Macroeconomics

Correlated with AP* Macroeconomics, May 2000

ST = Student textbook pages

1. Basic Economic Concepts
   1. Scarcity: the nature of economic systems
      ST: 27–28, 39–40, 111–112
   2. Opportunity costs and production possibilities
      ST: 29–30, 31–33, 35–36, 44, 226, 227, 277, 533–534
   3. Specialization and comparative advantage
      ST: 38–40, 40–41, 550, 786–789
   4. The functions of any economic system (what, how, and for whom to produce)
      ST: 3–26
   5. Demand, supply, price determination
      ST: 48–74, 75–94
   
   
2. Measurement of economic performance
   1. Gross national product, gross domestic product, and national income concepts
      ST: 169, 171–173, 175–182, 183, 184–185, 186, 187–188, 190–191, 312
   2. Inflation and price indices
      ST: 154–157, 184–185
   3. Unemployment
      ST: 146–153, 430
   
   
3. National income and price determination
   1. Aggregate supply
      1. Classical analysis
         ST: 226–227, 251–252
      2. Keynesian analysis
         ST: 253–254
      3. Rational expectations
         ST: 434–438
   2. Aggregate demand
      1. Circular flow
         ST: 229, 230–232
      2. Components of aggregate demand
         ST: 233
      3. Multiplier
         ST: 284–289, 297, 320
      4. Fiscal policy
         ST: 298–321
      5. Monetary policy
         ST: 402–449
   3. Money and banking
      1. Definition of money and its creation
         ST: 332–336
      2. Tools of central banking policy
         ST: 336, 341–342, 342–346
   4. Fiscal-monetary mix
      1. Interaction of fiscal and monetary policies
         ST: 158, 302, 308–309, 319–321, 413–417, 423–424, 440–442, 434, 437–438, 448
      2. Monetarist-Keynesian controversy
         ST: 239, 413–415, 423–424, 443
      3. Deficits
         ST: 128, 313
   5. Trade-offs between inflation and unemployment
      1. Long run versus short run
         ST: 36–38, 430, 493–494, 535–536
      2. Supply shocks
         ST: 161–162, 439–440
      3. Role of expectations
         ST: 58, 431–432
   
   
4. Economic Growth
   ST: 35–36, 134, 196, 198–201, 203–209, 226–229, 234–236
   
   
5. International finance, exchange rates, and balance of payments
   1. International trade and policy
      ST: 40–41, 783–804, 806–813
   2. International finance, exchange rates, and balance of payments
      ST: 187, 813–820, 821–825