Principles of Macroeconomics
PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all twenty-three chapters. Dozens of new applications emphasize the real-world relevance of economics for today’s students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.--N. Gregory Mankiw.
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How Markets Work
Markets and Welfare
The Data of Macroeconomics
The Real Economy in the Long Run
Money and Prices in the Long Run
The Macroeconomics of Open Economies
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aggregate demand aggregate supply aggregate-demand curve amount assets bonds borrowing budget deficit buyers capital outflow chapter consumer price index consumer surplus Copyright 2011 Cengage countries currency curve shifts deadweight loss demand curve dollar domestic eBook economists economy’s Editorial review effect equilibrium price example Explain exports fall Figure firms GDP deflator growth higher households ice cream important income increase inflation rate investment labor loanable funds long-run aggregate-supply curve macroeconomic measure monetary policy money supply natural rate net capital outflow nominal interest rate output overall panel percent Phillips curve policymakers price level producer surplus production possibilities frontier purchases quantity demanded quantity of money quantity supplied QUICK QUIZ raises real exchange rate real GDP real interest rate recession reduces review has deemed rises sell sellers short-run aggregate-supply curve shows supply and demand supply curve Suppose textiles theory trade U.S. economy variables wages workers