Macroeconomics

Abstract

For 1-semester principles of macroeconomics courses. An intuitive and grounded approach to economics Macroeconomics gets students to think like economists by incorporating the latest policy, data and discussions on important global issues. The 14th Edition emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Hallmark features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to, and deeper understanding of, today's events. Hallmark features of this title Concepts connect to economics in the real world Economics in Action and Economics in the News boxes have students link models and chapter tools to the economic world around them. Interviews with Economists feature leading economists from diverse backgrounds who share what inspired them to pursue a career in economics. Ample opportunities for practice Worked Problems, consisting of questions, solutions and key figures, help students to learn-by-doing and actively, rather than passively, review the chapter content. In-text Review Quizzes reinforce major concepts and test students' knowledge of the topics just discussed. New and updated features of this title Coverage of the impact of a changing macroeconomic market UPDATED: All chapters are updated to include the latest data on the national accounts (Ch. 4), the labor market and price indexes (Ch. 5), economic growth (Ch. 6), interest rates and loanable funds (Ch. 7), banks and the money market (Ch. 8), the exchange rate and balance of payments (Ch. 9), the short-run Phillips curve tradeoff (Ch. 12), fiscal policy (Ch. 13), and monetary policy (Ch. 14). NEW: 8 chapters have an analysis of news