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Principles of Macroeconomics + DiscoverEcon code Card

ISBN-10: 0073230618
ISBN-13: 9780073230610
Edition: 3rd 2007 (Revised)
List price: $130.31 Buy it from $2.00
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Description: Avoiding excessive reliance on formal mathematical derivations, Frank and Bernanke presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforce them  More...

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Book details

List price: $130.31
Edition: 3rd
Copyright year: 2007
Publisher: McGraw-Hill Higher Education
Binding: Paperback
Size: 8.75" wide x 11.00" long x 0.75" tall
Weight: 2.750
Language: English

Avoiding excessive reliance on formal mathematical derivations, Frank and Bernanke presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a well-articulated short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles to answer related questions and exercises. The text also encourages students to become "Economic Naturalists," people who employ basic economic principles to understand and explain what they observe in the world around them.An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.

Robert H. Frank is an economics professor at Cornell's Johnson Graduate School of Management and a regular "Economic View" columnist for the "New York Times", and a Distinguished Senior Fellow at Demos. His books, which have been translated into 22 languages, include "The Winner-Take-All Society" (with Philip Cook), "The Economic Naturalist", "Luxury Fever", "What Price the Moral High Ground?", and "Principles of Economics" (with Ben Bernanke).

Introduction
Thinking Like an Economist
Comparative Advantage: The Basis for Exchange
Supply and Demand: An Introduction
Macroeconomics: Issues and Data
Macroeconomics: The Bird’s-Eye View of the Economy
Measuring Economic Activity: GDP and Unemployment
Measuring the Price Level and Inflation
The Economy in the Long Run
Economic Growth, Productivity, and Living Standards
Workers, Wages, and Unemployment in the Modern Economy
Saving and Capital Formation
Money and the Federal Reserve
Financial Markets and International Capital Flow
The Economy in the Short Run
Short-term Economic Fluctuations: An Introduction
Spending and Output in the Short Run
Stabilizing the Economy: The Role of the Fed
Inflation, Aggregate Supply, and Aggregate Demand
The Practice and Pitfalls of Macroeconomic Policy
The International Economy
International Trade
Exchange Rates and the Open Economy
Table of Contents provided by Publisher. All Rights Reserved.

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