Macroeconomics, Global Edition, 5th Edition

Book Description One of the challenges of teaching Principles of Macroeconomics is fostering interest in concepts that may not seem applicable to students’ lives. Macroeconomics, Fifth Edition makes economics relevant by demonstrating how real businesses use economics to make decisions every day. Regardless of their future career path—opening an art studio, trading on Wall Street, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.

This program provides a better teaching and learning experience—for you and your students. It will help you to:
• Personalize learning with MyEconLab: This online homework, tutorial, and assessment program fosters learning and provides tools that help instructors to keep students on track.
• Show students how economics is relevant: Relatable features ground course material in the real world, showing students how these ideas are relevant and facilitating understanding.
• Foster thorough understanding via a flexible, student-focused approach: An engaging, captivating writing style and student-friendly learning aids motivate and engage students.

Content

Part 1: Introduction
Chapter 1: Economics: Foundations and Models
Chapter 2: Trade-offs, Comparative Advantage, and the Market System
Chapter 3: Where Prices Come From: The Interaction of Demand and Supply
Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Chapter 5: The Economics of Health Care

Part 2: Firms in the Domestic and International Economies
Chapter 6: Firms, the Stock Market, and Corporate Governance
Chapter 7: Comparative Advantage and the Gains from International Trade

Part 3: Macroeconomic Foundations and Long-Run Growth
Chapter 8: GDP: Measuring Total Production and Income
Chapter 9: Unemployment and Inflation
Chapter 10: Economic Growth, the Financial System, and Business Cycles
Chapter 11: Long-Run Economic Growth: Sources and Policies

Part 4: Short-Run Fluctuations
Chapter 12: Aggregate Expenditure and Output in the Short Run
Chapter 13: Aggregate Demand and Aggregate Supply Analysis

Part 5: Monetary and Fiscal Policy
Chapter 14: Money, Banks, and the Federal
Chapter 15: Monetary Policy
Chapter 16: Fiscal Policy
Chapter 17: Inflation, Unemployment, and Federal Reserve Policy

Part 6: The International Economy
Chapter 18: Macroeconomics in an Open Economy
Chapter 19: The International Financial System