Written by an award-winning educator and a highly respected macroeconomist, this best-selling introduction to economics succeeds in getting students to think like economists. All points of theory are presented through "stories, graphs, and equations," a pedagogical tool that accommodates the students' varied styles of learning. Known and respected for its accuracy, economic integrity, and comprehensive coverage. A lively writing style, clear explanations, good graphs, relevant examples, and an unparalleled supplements package keep students motivated throughout the course. The new edition can be packaged with the Logal Economics Explorer at a modest cost. PHLIP supported.
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Extensive coverage of policy issues and real world applications inlcuding "Issues and Applications" boxes, international is integrated throughout the text including "Global Perspective" boxes, new end-of- chapter problem sets, 10 end-of-part case studies with critical thinking questions (each supported by a video) and a unified approach to theory.From the Back Cover:
Written by two highly respected economists and educators, the book uses the “Stories, Graphs, and Equations” approach to make economic concepts accessible and relevant to readers with various learning styles. It is known for its unified and logical structure, lively writing style, and clear explanations Chapter topics cover the scope and method of economics; scarcity and choice; demand, supply, and market equilibrium; measuring national output and national income; long-run and short-run concerns: growth, productivity, unemployment, and inflation; aggregate expenditure and equilibrium output; the government and fiscal policy; the money supply and the federal reserve system; money, the interest rate, and output: analysis and policy; aggregate demand, aggregate supply, and inflation; the labor market, unemployment, and inflation; macroeconomic issues and policy; household and firm behavior in the macroeconomy; international trade, comparative advantage, and protectionism; open economy macroeconomics: the balance of payments and exchange rates; and economic growth in developing and transitional economies. For individuals who want to better understand the fundamentals of macroeconomics.
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