Macroeconomics: Principles and Tools (3rd Edition)

Book Description
This modern principles book has a strong foundation in demand and supply—the most important topic in learning principles of economics. Its improved coverage of change in demand vs. change in quantity demanded (also in supply coverage) enables learner to better visualize and truly understand the difference between these two fundamental concepts. A seven-part presentation covers an introduction and key principles; the basic concepts in macroeconomics; the economy in the long run; economic fluctuations; inflation, unemployment, and economic policy; and the international economy. For individuals using the tools of economics to help them grasp the logic of economic reasoning.


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A course text for beginning students of economics or non-economics majors. Seeks to build an intuitive understanding of opportunity cost, margins, diminishing returns, spillover, and real value. Includes everyday examples and many exercises. A companion volume covers microeconomics. Brightly illustrated. Annotation c. by Book News, Inc., Portland, Or.


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