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Principles of Macroeconomics, v. 8.0
- By: John B. Taylor and Akila Weerapana
- Version: 8.0
- Pub Date: May 2017
- eISBN: 978-1-4533-7872-4
- Pages: 464
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Principles of Macroeconomics, V. 8.0
John B. Taylor and Akila Weerapana
Taylor and Weerapana present modern economics in a form that’s intuitive, relevant, and memorable to learners with no prior exposure to the subject. Principles of Macroeconomics engages students by emphasizing the central idea of economics throughout: that people make purposeful choices with scarce resources and interact with other people when they make these choices. The authors bring to bear recent and extensive classroom-based experiences to select real-world examples of how markets work; provide clear explanations of why markets are efficient when the incentives are right and inefficient when the incentives are wrong; and outline examples of economic choices students actually face. The authors stress long-run fundamentals, but they also discuss current public policy issues when the short run matters. Key policy questions about the role of government being debated today receive special attention. The result is a teaching resource that clearly conveys basic economic principles in a way that interests students and stimulates them to learn.
This textbook is suitable for 2 and 4 year institutions. Courses includes Introductory Macroeconomics and Principles of Macroeconomics.
Principles of Macroeconomics is a student-friendly introduction to basic macroeconomics that is known for its clarity, accessibility, and engaging real-world applications. It's also available in a complete volume that encompasses both macroeconomics and microeconomics and a single volume that covers microeconomics separately. This volume is suitable for semester- or quarter-long undergraduate surveys of macroeconomics, often called introductory macroeconomics or principles of macroeconomics, at two- and four-year colleges and universities.
WHAT'S NEW IN 8.0:
- NEW PUBLISHER:
- RECENT DEVELOPMENTS:
- MONETARY DEVELOPMENTS:
- DEBATE COVERAGE:
- LABOR MARKETS AND PRODUCTIVITY:
- REVIEWS AND QUESTIONS:
- KEY TERMS:
This edition comes to you from FlatWorld Knowledge. This partnership with FlatWorld will help provide access to the text to a wide audience at a more reasonable price and with more flexible formats suited to the needs of students and teachers. The FlatWorld platform will also allow for updates to the book on a regular basis and help make it seem less dated with minimal disruption to you, the users of the book.
Updated data and content bring coverage of macroeconomics through to the end of 2016, including developments in the Eurozone and difficulties faced by Greece. Introductions to each chapter have been refreshed, and graphs have been updated with new data.
Incorporates discussion of new monetary developments since 2011, including QE3, taper, raising of interest rates and the move to negative interest rates in some countries.
Covers the debate about whether the Fed is unwinding its extraordinary policy measures at an appropriate pace as well as whether the fiscal policy measures implemented in the 2008/09 recession worked, based on academic studies.
Discusses labor market developments, including the fall in unemployment rates, slow improvement in the employment to population ratio, and the falling labor force participation rate of men. Expands the discussion of productivity slowdown, including Robert Gordon's claim that economic headwinds will keep U.S. productivity growth low in the foreseeable future.
Stimulating vignettes at the beginning of each chapter. Examples of opening vignettes include explanation of economic events such as the price of Super Bowl tickets in Chapter 2 and discussions on how politics and politicians can affect international trade policies in Chapter 18.
An essential tool in learning economics, the problems have been carefully selected, revised, and tested for this edition. An ample supply of these problems appears at the end of every chapter and appendix. Some of the problems ask the reader to work out examples that are slightly different from the ones given in the text; others require a more critical thinking approach.
Questions for review appear at the end of every chapter. These are tests of recall and require only short answers; they can be used for oral review or as a quick self-check. Brief reviews at the end of each major section summarize the key points in abbreviated form as the chapter evolves; they are useful for preliminary skim reading as well as for review.
Definitions of key terms appear in the margins or hyperlinked online.
The Flat World Knowledge publishing model allows instructors to adapt the textbook to the exact needs of their specific class and student body. See how easy it is to customize a textbook in this 4 minute demo: Flat World Editing Platform Video Demo
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