For courses in the principles of macroeconomics. This ISBN is for the bound textbook, which students can rent through their bookstore.   Introduces students to the basic concepts of economics with engaging stories and timely applications Students enter their first economics course hoping to gain a better understanding of the world around them, but often leave with their questions unanswered. Macroeconomics: Principles, Applications, and Tools is built upon the authors’ philosophy of using basic concepts of economics to explain a wide variety of relevant, current, and engaging economic applications. The 10th Edition incorporates the latest economic developments and timely applications throughout, such as the impact of Bitcoin on monetary policy. By making every chapter accessible and applied, students develop an understanding of core principles that they will use as citizens and consumers, now and in their careers.   This title is also available digitally as a standalone Pearson eText, or via MyLab Economics, which includes the Pearson eText. These options give students affordable access to learning materials, so they come to class ready to succeed. 
Les mer
PART 1: INTRODUCTION AND KEY PRINCIPLES Introduction: What Is Economics?Key Principles of EconomicsExchange and MarketsDemand, Supply, and Market Equilibrium PART 2: THE BASIC CONCEPTS IN MACROECONOMICS Measuring a Nation's Production and IncomeUnemployment and Inflation PART 3: THE ECONOMY IN THE LONG RUN The Economy at Full EmploymentWhy Do Economies Grow? PART 4: ECONOMIC FLUCTUATIONS AND FISCAL POLICY Aggregate Demand and Aggregate SupplyFiscal PolicyThe Income Expenditure ModelInvestment and Financial Markets PART 5: MONEY, BANKING, AND MONETARY POLICY Money and the Banking SystemThe Federal Reserve and Monetary Policy PART 6: INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY Modern Macroeconomics: From the Short Run to the Long RunThe Dynamics of Inflation and UnemploymentMacroeconomic Policy Debates PART 7: THE INTERNATIONAL ECONOMY International Trade and Public PolicyThe World of International Finance
Les mer
Hallmark features of this title An emphasis on core principles The text demystifies key concepts, making the course accessible to students of all majors and helping them understand the economics of the world around them.5 key principles are used throughout (opportunity cost, the marginal principle, diminishing returns, voluntary exchange, and real-nominal principle), so students see how ideas connect. Concepts that connect to students’ daily lives and careers Applying the Concept Questions and End-of-Chapter Application Exercises ask students to apply what they’ve just learned to real scenarios.Economic Experiments actively involve students in role-playing as consumers, producers and policy makers. They stimulate student interest and are easy for professors to use in classes of any size.
Les mer
New and updated features of this title An emphasis on core principles UPDATED: Coverage of the latest economic developments, including the continuing changes that the economy has experienced following the worldwide recession of the last decade, bring students up to speed on what’s happening at home and globally. Concepts that connect to students’ daily lives and careers UPDATED: Chapter-Opening Stories cover timely topics such as solar tax credits, crop insurance and food production, and the effects of craft beer popularity on hop prices.UPDATED: 130 Applications, 21 of which are new to this edition, bring economic concepts to life. These include cutting-edge topics that students will relate to, such as the behavior of households that are wealthy but have little cash on hand, the impact of Bitcoin on monetary policy, and the role that technological improvements in other countries will have on trade and welfare for the US. Tools to promote skill development and career awareness UPDATED: End-of-Chapter Critical-Thinking Questions challenge students to think more deeply about the topics and ideas within the chapters.NEW: Economic Logic on the Job boxes discuss how economics promotes the critical-thinking and communication skills that employers are looking for.UPDATED: Examples from real-world business, government and organizations show the practical deployment of economics to all sorts of decisions, imparting critical-thinking skills to workers in all kinds of organizations.
Les mer

Produktdetaljer

ISBN
9780135162200
Publisert
2019-02-01
Utgave
10. utgave
Utgiver
Vendor
Pearson
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
464

Biographical note

About our authors

Arthur O’Sullivan is a professor of economics at Lewis and Clark College in Portland, Oregon. After receiving his BS in economics at the University of Oregon, he spent two years in the Peace Corps, working with city planners in the Philippines. He received his PhD in economics from Princeton University in 1981 and has taught at the University of California, Davis, and Oregon State University, winning teaching awards at both schools. He is the author of the best-selling textbook Urban Economics, currently in its 10th edition, with translations into Russian, Chinese, Korean, Portuguese, Serbian and Greek.

Professor O’Sullivan’s research explores economic issues concerning urban land use, environmental protection, and public policy. His articles have appeared in many economics journals, including the Journal of Urban Economics, Journal of Environmental Economics and Management, National Tax Journal, Journal of Public Economics, and Journal of Law and Economics.

Professor O’Sullivan lives with his family in Portland, Oregon. For recreation, he enjoys hiking, kiteboarding, and squash.

Steven M. Sheffrin is professor of economics and executive director of the Murphy Institute at Tulane University. Prior to joining Tulane in 2010, he was a faculty member at the University of California, Davis, and served as department chairman of economics and dean of social sciences. He has been a visiting professor at Princeton University, Oxford University, London School of Economics, and Nanyang Technological University, and he has served as a financial economist with the Office of Tax Analysis of the United States Department of the Treasury. He received his BA from Wesleyan University and his PhD in economics from the Massachusetts Institute of Technology.

Professor Sheffrin is the author of 10 other books and monographs and over 100 articles in the fields of macroeconomics, public finance, and international economics. His most recent books include Rational Expectations (2nd edition) and Property Taxes and Tax Revolts: The Legacy of Proposition 13 (with Arthur O’Sullivan and Terri Sexton).

Professor Sheffrin has taught macroeconomics and public finance at all levels, from general introduction to principles classes (enrollments of 400) to graduate classes for doctoral students. He is the recipient of the Thomas Mayer Distinguished Teaching Award in economics.

He lives with his wife Anjali (also an economist) in New Orleans, Louisiana, and has 2 daughters who have studied economics. In addition to a passion for current affairs and travel, he plays a tough game of tennis.

Stephen J. Perez is Vice Provost, a professor of economics, and NCAA faculty athletics representative at California State University, Sacramento. After receiving his BA in economics at the University of California, San Diego, he was awarded his PhD in economics from the University of California, Davis, in 1994. He taught economics at Virginia Commonwealth University and Washington State University before coming to California State University, Sacramento, in 2001. He teaches macroeconomics at all levels as well as econometrics, sports economics, labor economics, and mathematics for economists.

Professor Perez’s research explores most macroeconomic topics. In particular, he is interested in evaluating the ability of econometric techniques to discover the truth, issues of causality in macroeconomics, and sports economics. His articles have appeared in many economics journals, including the Journal of Monetary Economics; Econometrics Journal; Economics Letters; Journal of Economic Methodology; Public Finance and Management; Journal of Economics and Business; Oxford Bulletin of Economics and Statistics; Journal of Money, Credit, and Banking; Applied Economics; and Journal of Macroeconomics.