Summary: This comprehensive, lively text is popular with community colleges, technical schools, and many four year schools. Its low price and built-in Study Guide are very attractive to adopters. Instructors and students like the author's humorous, direct, and historical approach.
There is a wealth of extra problems and exercises (built-in SG and end-of-chapter questions). Harder problems and issues are put into "Advanced Work" boxes.
New and ...show morerevised end-of-chapter material in each chapter
3 new real GDP problems
Discussion of why low unemployment rate in 1997 did not lead to inflation. Added comments on Boskin Commission report
Analysis of government deficit reduction packages
Sections on the Equation of Exchange and the Quantity Theory of Money moved to beginning of Ch. 14
10 new Extra Help boxes
Discussion of FTC dealing with false advertising and corporate mergers
Discussion of implications of UPS strike
New section on federal minimum wage law
Focus on Welfare Reform Act
New Section: A Look at the Record: Our Balance of Trade Since WWII
Expanded Test Bank with over 7000 questions
Over 35 new problem sets added to the Instructor's Manual.
This text's biggest selling point is the low price and built-in study guide. The author's down-to-earth, humorous writing style and historical approach to economics is a hit with students who otherwise might find the subject too intimidating or dry. Mini-case boxes allow students to take topics one step further. Extra Help boxes assist students with difficult concepts while Advanced Work boxes provide more challenging work. ...show less