The number one textbook for intermediate macroeconomics courses since its first edition, this title is known for conveying the cutting edge in macroeconomics theory, research, and policy to the classroom, explaining complex concepts with exceptional clarity.
This new edition addresses emerging macro topics such as income inequality and macroprudential regulation. Frontline empirical research studies are also featured, including Bloom and Van Reened’s research on management practices, Nakamura and Steinsson’s research on fiscal policy multipliers and Baker and Bloom and Davis’s research on the effects of policy uncertainty. The book also improves on its already exemplary focus on teaching students to apply the analytical tools of macroeconomics to current events and policies.
This comprehensive text is the ideal accompaniment to undergraduate courses in Macroeconomics.
Freakonomics essays apply economic analysis to common phenomena, including 3D printers and Yelp, helping to foster economic intuition
Figure It Out worked-out problems walk students through the process of how to use economic tools and analysis to think through a problem and develop its solution
Make the Grade essays point out common pitfalls and help students navigate through the finer points of micro theory
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New case studies throughout the text, on topics ranging from patent length and drug development to highly-paid professional athletes and the sunk cost fallacy
A new chapter, Factor Markets (Ch. 13) brings all the content on factor markets into one chapter
End-of-chapter problems have been revised, with one now in every section of the book
Title is also available as part of a set: Macroeconomics plus LaunchPad (978-1-137-56512-9)