Modern Principles: Macroeconomics, 3rd Edition

Engaging and provocative writing, as well as a knack for revealing the “invisible hand” of economics at work have made Cowen and Tabarrok’s Modern Principles of Economics  a singularly distinctive and effective textbook for the principles  course.The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life just as the authors do in their wildly successful blog, marginalrevolution.com.

Pioneers in teaching economics online, the authors have created a series of videos that are clever, to the point, and will help students better understand key economic concepts. These breakthrough videos are integrated in a dedicated version of Worth’s new online course space, LaunchPad.

See what’s in the LaunchPad

Table of Contents

Chapter 1: The Big Ideas
Chapter 2; The Power of Trade and Comparative Advantage
Chapter 3: Supply and Demand
Chapter 4: Equilibrium: How Supply and Demand Determine Prices
Chapter 5: Price Ceilings and Floors
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
Chapter 11: Unemploymentand 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
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
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