Summary: The Fifth Edition of Macroeconomics strengthens the connection between basic economic principles and students' lives by balancing an accessible, lively writing style with a unique pedagogical framework. Focusing on modern economics, Boyes and Melvin have revised the text to integrate contemporary coverage of the "new economy" and international issues.
While incorporating the latest economic statistics, Macroeconomics, Fifth Edition, has been strea ...show moremlined to make teaching easier. The text highlights global concerns throughout; in particular, Chapter 2 looks at comparative advantage and gains from trade, and Chapter 7 examines foreign exchange rates and the balance of payments. The primary macreconomic model--AD/AS--is introduced in Chapter 9. Chapter 16 outlines various ideologies including new classical and Keynsian models, while Chapter 17 demonstrates the affect of one nation's government policy on other countries.
New! Internet Exercises at the end of each chapter and additional web-based assignments located on the textbook site provide meaningful, real-world practice.
New! Economic Insight boxes--and almost 75% of the Economically Speaking boxes--have been updated to include new articles and commentaries.
Pedagogical aids help students to understand and assimilate the material: Recaps provide a short list of main points, dividing material for review into manageable sections; Key Terms are defined both in the text and the margins; and Exercises act as self-checks which can also be assigned as homework.
The text's internal Referencing System reinforces a hierarchy of ideas by designating a number for each section and subsection--cited consistently in Key Terms, end-of-chapter Summaries, and the supplements package. ...show less
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