Principles of Macroeconomics (7th Edition) (Case/Fair Economics 7e Series)

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9780131442344: Principles of Macroeconomics (7th Edition) (Case/Fair Economics 7e Series)

These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events, while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified and logical organization that make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage the production possibilities frontier. Recent changes in the economy are highlighted so that readers can understand how these events actually affect investment decisions and policy. The 90s boom and the recent bust are examined. New issues such as the movements for and against globalization, trade agreements and barriers, the World Trade Organization, the enviroment, child labor, sovereignty, the impact of AIDs on developing economics are all explored in this new edition. This book continues to provide an excellent foundation in the scope and method of economics; demand, supply, and market equilibrium; measuring national output and national income; long-run and short-run concerns; aggregate expenditure and equilibrium output; the government and fiscal policy; the money supply and the Federal Reserve system; interest rates and output; inflation; the labor market and unemployment; macroeconomic issues and policy; the stock market and the economy; long-run growth; and open-economy macroeconomics. An excellent reference resource for those involved in fiscal decision-making policies, whether in government or in large, international firms.

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From the Publisher:

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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Case, Karl E.; Fair, Ray C.
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