Like so many experienced teachers, these authors believe students learn best if topics are introduced in the context of ideas and situations they can relate to. This textbook mirrors what professors already do in the classroom: it frames each major concept in a student-oriented example that extends through the entire chapter.
Introduction: Economics: The Science of Everyday Life; Efficiency and Allocation in the Global Economy; The American Economy in a Global Setting; Introduction to the Demand and Supply Framework; Elasticity; Market Efficiency and Government Intervention. Measuring Macroeconomic Health: Unemployment and Employment; Inflation and Prices; GDP and the Business Cycle/ The Aggregate Demand, Aggregate Supply, and Fiscal Policy: Aggregate Demand/Aggregate Supply: The Basic Model; From Short-Run to Long-Run Equilibrium: The Model in Action; The Role of Aggregate Demand in the Short-Run; Fiscal Policy; The Federal Budget and the National Debt. Money and Monetary Policy: Basics of Money and Banking; Money Creation and Monetary Policy; Money in the Macroeconomy. Long-Run Economic Health: Long-Run Implications of Macroeconomic Policy; Economic Growth. International Trade and Finance: International Trade; International Finance.
For all readers interested in macroeconomics.