Principles of Macroeconomics

Authors Bob Frank, Ben Bernanke, and introducing Kate Antonovics from the University of California San Diego, present a coherent short list of core principles in introductory economics and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them.

Principles of Macroeconomics, sixth edition, is thoroughly integrated with the adaptive digital tools available in McGraw-Hill’s LearnSmart Advantage Suite, proven to increase student engagement and success in the course.

Part 1 Introduction

1. Thinking Like an Economist

2. Comparative Advantage

3. Supply and Demand

Part 2 Macroeconomics: Data and Issues

4. Spending, Income, and GDP

5. Inflation and the Price Level

6. Wages and Unemployment

Part 3 The Economy in the Long Run

7. Economic Growth

8. Saving, Capital Formation, and Financial Markets

9. Money, Prices, and the Financial System

Part 4 The Economy in the Short Run

10. Short-Term Economic Fluctuations

11. Spending, Output, and Fiscal Policy

12. Monetary Policy and the Federal Reserve

13. Aggregate Demand, Aggregate Supply, and Business Cycles

14. Macroeconomic Policy

Part 5 The International Economy

15. Exchange Rates, International Trade, and Capital Flows