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Macroeconomics : Private and Public Policy / Text Only - 10th edition

Macroeconomics : Private and Public Policy / Text Only ()

Summary: Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Macroeconomics: Private and Public Choice one of South Western Thomson Learning's most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an
effort to make the basic concepts of economics come alive for the reader.

Benefits:
  • NEW! Technology Resources have been more thoroughly integrated throughout the text.
  • Myths of Economics: These boxed articles dispel commonly held fallacies of economic reasoning. Each one is presented within a chapter containing closely related material.
  • Measures of Economic Activity: This boxed feature explains how important economic indicators are assembled.
  • Applications in Economics: This feature applies economic theory to real-world issues and controversies.
  • NEW! Chapter 2 provides added material regarding commodity prices in order to drive the importance of empirical evidence to support predictions of supply and demand models. Also, there is an added application on the transaction costs of the Internet.
  • NEW! Chapter 7 provides additional coverage of stagflation.
  • NEW! Chapter 10 has been reorganized to provide a clearer discussion of changes in aggregate demand in order to show shifts in short run impact and SRAS shifts in short run impact. The chapter then discusses the boom or recession corrections.
  • NEW! New Special Topics include: Government Spending and Taxation; The Internet: How Is It Changing the Economy?; The Economics of Health Care; School Choice: Can It Improve the Quality of Education in America; Is Discrimination Responsible for the Earnings Differences Between Men and Women? The Economics of Social Security; The Stock Market: What Does It Do and How Has It Performed?; The Federal Budget and the National Debt; Labor Markets and Unemployment: A Cross-Country Analysis; The Phillips Curve: Is There a Tradeoff Between Unemployment and Inflation? do Labor Unions Increase the Wages of Workers?; How Does Government Regulation Affect Your Life?; Natural Resources and the Future; Economics and the Environment.
  • Special Topics: To provide more flexibility for the instructor, the authors have included a "Beyond the Basics: Special Topics" section at the end of the text. This section provides a number of short features on high-profile topics.
  • Keys to Prosperity: Throughout the text, the authors highlight 12 basic insights in economics that are the keys to a nation's prosperity.
  • The Invisible Hand: Economics: Private and Public Choice provides an emphasis on the invisible hand process and the role of free markets. The authors also introduce an understanding of the role of government, and the economic approach to analyzing government.
  • Outstanding Economist: The text highlights economists and their contribution to the science of economics with a pedagogical box.
...show more
Summary: Authors James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David Macpherson, believe that a course on principles of economics should focus on the power and relevance of the economic way of thinking. It is this belief and corresponding writing approach that has made Macroeconomics: Private and Public Choice one of South Western Thomson Learning's most solid and enduring texts. Throughout this text, the authors integrate applications and real-world data in an effort to make the basic concepts of economics come alive for the reader.

Benefits:
  • NEW! Technology Resources have been more thoroughly integrated throughout the text.
  • Myths of Economics: These boxed articles dispel commonly held fallacies of economic reasoning. Each one is presented within a chapter containing closely related material.
  • Measures of Economic Activity: This boxed feature explains how important economic indicators are assembled.
  • Applications in Economics: This feature applies economic theory to real-world issues and controversies.
  • NEW! Chapter 2 provides added material regarding commodity prices in order to drive the importance of empirical evidence to support predictions of supply and demand models. Also, there is an added application on the transaction costs of the Internet.
  • NEW! Chapter 7 provides additional coverage of stagflation.
  • NEW! Chapter 10 has been reorganized to provide a clearer discussion of changes in aggregate demand in order to show shifts in short run impact and SRAS shifts in short run impact. The chapter then discusses the boom or recession corrections.
  • NEW! New Special Topics include: Government Spending and Taxation; The Internet: How Is It Changing the Economy?; The Economics of Health Care; School Choice: Can It Improve the Quality of Education in America; Is Discrimination Responsible for the Earnings Differences Between Men and Women? The Economics of Social Security; The Stock Market: What Does It Do and How Has It Performed?; The Federal Budget and the National Debt; Labor Markets and Unemployment: A Cross-Country Analysis; The Phillips Curve: Is There a Tradeoff Between Unemployment and Inflation? do Labor Unions Increase the Wages of Workers?; How Does Government Regulation Affect Your Life?; Natural Resources and the Future; Economics and the Environment.
  • Special Topics: To provide more flexibility for the instructor, the authors have included a "Beyond the Basics: Special Topics" section at the end of the text. This section provides a number of short features on high-profile topics.
  • Keys to Prosperity: Throughout the text, the authors highlight 12 basic insights in economics that are the keys to a nation's prosperity.
  • The Invisible Hand: Economics: Private and Public Choice provides an emphasis on the invisible hand process and the role of free markets. The authors also introduce an understanding of the role of government, and the economic approach to analyzing government.
  • Outstanding Economist: The text highlights economists and their contribution to the science of economics with a pedagogical box.
...show less

Edition/Copyright: 10TH 03
Cover:
Publisher: South-Western Publishing Co.
Year Published: 2003
International: No

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