Modern Principles means modern content and modern delivery and Tyler Cowen and Alex Tabarrok deliver with a knack for revealing the ‘invisible hand’ of economics at work and a unique combination of vivid writing, up-to-date relevant examples and unparalleled online resources, perfect for your principles of economics course. Modern Principles of Macroeconomics places an emphasis on the power of incentives which underscores how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). These are brought to life via examples including a discussion of housing prices and the elasticity of supply, the declining labor force participation rate of young men, the platform economics of free goods like Facebook and Twitter, monetary policy in a pandemic and the politics and economics of trade in the Trump era. Modern Principles of Macroeconomics is supported by Achieve, our integrated, online learning system which allows you to engage every student with powerful multimedia resources, an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students. Key features include:
170+ Marginal Revolution University videos have been deeply integrated into the text and pedagogy, providing valuable tools for both instructors and students Animated pre-lecture tutorials reinforce in-class learning Access to an eBook for easy reading and searching LearningCurve adaptive quizzing offers practice questions and feedback -
Step-by-Step graphs and Discovering data activities help students develop their economic thinking
By:
Tyler Cowen,
Alex Tabarrok
Imprint: Worth Publishers Inc.,U.S.
Country of Publication: United States
Edition: 5th ed. 2021
Dimensions:
Height: 235mm,
Width: 155mm,
ISBN: 9781319384005
ISBN 10: 1319384005
Publication Date: 02 September 2020
Audience:
Professional and scholarly
,
Undergraduate
Format: Paperback
Publisher's Status: Active
Preface.- CHAPTER 1 The Big Ideas.- CHAPTER 2 The Power of Trade and Comparative Advantage.- PART 1: Supply and Demand.- CHAPTER 3 Supply and Demand.- CHAPTER 4 Equilibrium.- CHAPTER 5 Price Ceilings and Floors .- PART 2: Economic Growth.- CHAPTER 6 GDP and the Measurement of Progress.- CHAPTER 7 The Wealth of Nations and Economic Growth.- CHAPTER 8 Growth, Capital Accumulation, and the Economics of Ideas: Catching Up vs. the Cutting Edge .- CHAPTER 9 Saving, Investment, and the Financial System .- CHAPTER 10 Stock Markets and Personal Finance .- PART 3: Business Fluctuations.- CHAPTER 11 Unemployment and Labor Force Participation.- CHAPTER 12 Inflation and the Quantity Theory of Money.- CHAPTER 13 Business Fluctuations: Aggregate Demand and Supply .- CHAPTER 14 Transmission and Amplification Mechanisms .- PART 4: Macroeconomic Policy and Institutions CHAPTER 15 The Federal Reserve System and Open Market Operations .- CHAPTER 16 Monetary Policy.- CHAPTER 17 The Federal Budget: Taxes and Spending.- CHAPTER 18 Fiscal Policy.- PART 5: International Economics.- CHAPTER 19 International Trade .- CHAPTER 20 International Finance .- CHAPTER 21 Political Economy and Public Choice.- APPENDIX A Reading Graphs and Making Graphs.- APPENDIX B Solutions to Check Yourself Questions.- Glossary G-1.- References R-1.- Index I-1.
Tyler Cowen is Holbert C. Harris Professor of Economics at George Mason University and Director of the Mercatus Center. He is published widely in economics journals, including the American Economic Review and Journal of Political Economy. With Alex Tabarrok he co-writes the Marginal Revolution blog, often ranked as the #1 economics blog. He is also the author of numerous books on economics and he writes regularly for the popular press on economics, including for Bloomberg Opinion, The New York Times, The Washington Post, Forbes, and The Wilson Quarterly. Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University. Tabarrok is co-author with Tyler Cowen of the popular economics blog, Marginal Revolution. His research looks at bounty hunters, judicial incentives and elections, crime control, patent reform, methods to increase the supply of human organs for transplant, and the regulation of pharmaceuticals. He is the editor of numerous books, his papers have appeared in numerous academic journals and his popular articles have appeared in The New York Times, The Wall Street Journal, and many other magazines and newspapers.
