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:

Key Benefit: Written by an award-winning educator and a highly respected macroeconomist, this best-selling introduction to economics demonstrates the relevance of economics in the world. It shows readers that economics is a powerful way of thinking and actually teaches how to think like an economist and how to use economics to interpret world events. Key Topics: Provides a unified approach to economic theory, issues and policies. Covers both the goods- and services- markets and the money market first, followed by the AD and AS curves. Examines important economic policy debates in macroeconomics — e.g., fiscal policy during recent recession, federal policy in 1994 and 1995. Introduces and discusses policy issues in the core chapters, and additional chapters use economic analyses to provide an even deeper understanding of policy makers' dilemmas.

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