* Point-by-Point Chapter Objectives. A list of learning goals for the chapter, along with a summary of the material, "learning tips", practice questions with solutions, and page references to the text. * Practice Tests. Approximately 20 multiple-choice questions and answers. * Application Questions. A series of questions that require the use of graphic or numerical analysis to solve economic problems. * Solutions. Worked-out solutions to all questions in the Study Guide, complete with page references to the text. * Comprehensive Part Exams. 4 Exams to test the students' overall comprehension consisting of 25 multiple-choice questions, 10 application questions, and solutions to all questions. * The Study Guide also references the Web exercises from the text and alerts the student to relevant applications in the ActiveEcon CD-ROM.
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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.
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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