PART I: INTRODUCTION  1. What is Economics?  2. The Economic Problem 3. Demand and Supply    PART II: MONITORING MACROECONOMIC PERFORMANCE  4. Monitoring the Value of Production: GDP  5. Monitoring Jobs and Inflation    PART 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    PART IV: MACROECONOMIC FLUCTUATIONS  10. Aggregate Supply and Aggregate Demand  11. Expenditure Multipliers  12. The Business Cycle, Inflation, and Deflation    PART V: MACROECONOMIC POLICY 13. Fiscal Policy  14. Monetary Policy 15. International Trade Policy   

Focus on real-world economics and current global issues ·    New - News-Based Problems and Applications include 100 topics that seamlessly integrate with Pearson MyLab Economics and Pearson eText. ·    Updated - Chapter 2 features an expanded explanation and graphical derivation of the outward-bowed PPF. ·    Updated - At Issue feature in Chapter 14 "Support for and Opposition to Keeping Interest Rates Low," contrasts the views of two new Fed presidents, Loretta Mester of the Cleveland Fed and Esther George of the Kansas City Fed, with those of Fed Chair, Janet Yellen. The impact of a technical and changing economic market   ·    Updated - Chapter 7 has been reorganized and streamlined with less on the 2007—2008 financial crisis and more on the fluctuating sources of loanable funds. ·    Updated - Chapter 14 provides an explanation of the federal funds rate ‘corridor’ and a reworked final section titled "Financial Crisis: Cure and Prevention," which includes material on Dodd—Frank, the Volcker Rule, and other macroprudential regulation.   Help students retain and understand key economic concepts   ·    Updated - Text features the latest data figures, tables, and explanations that include five main content changes. ·    Updated - Text includes 20 Economics in the News items based on recent events and issues, like the supply, demand, and cost of a college education.   MyLabTM Economics not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson rep for more information. MyLabTM is the teaching and learning platform that empowers you to reach every student. It is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.   Reach every student with MyLab · Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged. · Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful. · Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs. · Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

Focus on real-world economics and current global issues ·    News-Based Problems and Applications include 100 topics that seamlessly integrate with Pearson MyLab Economics and Pearson eText. ·    Chapter 2 features an expanded explanation and graphical derivation of the outward-bowed PPF. ·    The At Issue feature in Chapter 14 "Support for and Opposition to Keeping Interest Rates Low," contrasts the views of two new Fed presidents, Loretta Mester of the Cleveland Fed and Esther George of the Kansas City Fed, with those of Fed Chair, Janet Yellen.   The impact of a technical and changing economic market ·    Chapter 7 has been reorganized and streamlined with less on the 2007—2008 financial crisis and more on the fluctuating sources of loanable funds. ·    Chapter 14 provides an explanation of the federal funds rate ‘corridor’ and a reworked final section titled "Financial Crisis: Cure and Prevention," which includes material on Dodd—Frank, the Volcker Rule, and other macroprudential regulation.   Help students retain and understand key economic concepts  ·    Text features the latest data figures, tables, and explanations that include five main content changes.  ·    Text includes 20 Economics in the News items based on recent events and issues, like the supply, demand, and cost of a college education.