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An intuitive and grounded approach to economics

Get students to think like an Economist using the latest policy and data while incorporating global issues. Macroeconomics, Twelfth Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. Macroeconomics emphasizes real-world applications, the development of critical thinking skills, diagrams renowned for pedagogy and clarity, and path-breaking technology.

Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” 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. Students will begin to think about issues the way real economists do and learn how to explore difficult policy problems to make more informed decisions in their own economic lives.

Also available with MyEconLab

MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Table of Content:

I. INTRODUCTION

1. What Is Economics?

2. The Economic Problem

3. Demand and Supply

II. MONITORING MACROECONOMIC PERFORMANCE

4. Measuring GDP and Economic Growth

5. Monitoring Jobs and Inflation

III. MACROECONOMIC TRENDS

6. Economic Growth

7. Finance, Saving, and Investment

8. Money, the Price Level, and Inflation

9. The Exchange Rate and the Balance of Payments

IV. MACROECONOMIC FLUCTUATIONS

10. Aggregate Supply and Aggregate Demand

11. Expenditure Multipliers: The Keynesian Model

12. U.S. Inflation, Unemployment, and Business Cycle

V. MACROECONOMIC POLICY

13. Fiscal Policy

14. Monetary Policy

15. International Trade Policy

Product details:

Language: English

ISBN-10: 0133872645

ISBN-13: 978-0133872644

ISBN-13: 9780133872644

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