Betsey Stevenson and Justin Wolfers present a new synthesis of economic principles for a new generation of students. Their focus on useful economics employs compelling explanations and real-life examples to help students develop economic intuition and apply it to everyday decisions. The authors provide a fresh take on a wide range of principles topics and develop macroeconomics from its microfoundations in an engaging presentation that has drawn enthusiastic reviews from hundreds of instructors and thousands of students in pre-publication class-tests. This text is available in Achieve, a new, integrated online learning system that features powerful tools for each step of the Learning Path: pre-class, in-class, and post-class.

PART I: Foundations of Economics
Chapter 1: The Core Principles of Economics
Chapter 2: Demand: Thinking Like a Buyer
Chapter 3: Supply: Thinking Like a Seller
Chapter 4: Where Supply Meets Demand

PART II: Analyzing Markets
Chapter 5: Welfare and Efficiency
Chapter 6: Gains From Trade
Chapter 7: International Trade
Chapter 8: Inequality, Social Insurance and Redistribution

PART III: Macroeconomic Foundations and the Long Run
Chapter 9: Sizing Up the Economy Using GDP
Chapter 10: Economic Growth
Chapter 11: Unemployment
Chapter 12: Inflation

PART IV: Micro Foundations of Macroeconomics
Chapter 13: Consumption and Saving
Chapter 14: Investment
Chapter 15: The Financial Sector
Chapter 16: International Finance and the Exchange Rate

PART V: The Business Cycle
Chapter 17: Business Cycles
Chapter 18: IS-MP Analysis: Interest Rates and Output
Chapter 19: The Phillips Curve
Chapter 20: The Fed Model: Linking Interest Rates, Output, and Inflation
Chapter 21: Aggregate Demand and Aggregate Supply

PART VI: Macroeconomic Policy
Chapter 22: Monetary Policy
Chapter 23: Government Spending, Taxes, and Fiscal Policy

Preface
A Brief Review of Math and Graphing
Appendix: A Closer Look at Aggregate Expenditure and the Multiplier
Glossary
Index