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"The readability of the Sexton text was its most striking feature and was the main reason my department adopted the text."
EXPLORING MACROECONOMICS, 6TH EDITION, was designed specifically to promote economic literacy and help you appreciate how economics affects your everyday life. This engaging text combines innovative learning tools, a visually appealing design, and captivating content to help you easily absorb information and master key concepts. Packed with examples from current events and pop culture, EXPLORING MACROECONOMICS succeeds like no other book in conveying the excitement and real-world relevance of economics.
Part I: INTRODUCTION. 1. The Role and Method of Economics. 2. Economics: Eight Powerful Ideas. 3. Scarcity, Trade-Off, and Production Possibilities. Part II: SUPPLY AND DEMAND. 4. Demand, Supply and Market Equilibrium. 5. Markets in Motion and Price Controls. 6. Elasticity. Part III: Market Efficiency, Market Failure, and the Public System. 7. Market Efficiency and Welfare. 8. Market Failure. 9. Public Finance and Public Choice. Part IV: MACROECONOMICS FOUNDATIONS. 10. Introduction of Macroeconomics: Unemployment, Inflation, and Economic Fluctuations. 11. Measuring Economic Performance. 12. Economic Growth in the Global Economy. 13. Financial Markets, Savings, and Investment. Part V: THE MACROECONOMIC MODELS. 14. Aggregate Demand and Aggregate Supply. 15. The Aggregate Expenditure Model. Part VI: MACROECONOMIC POLICY. 16. Fiscal Policy. 17. Monetary Institutions. 18. The Federal Reserve System and Monetary Policy. 19. Issues in Macroeconomic Theory and Policy. Part VII: THE GLOBAL ECONOMY. 20. International Trade. 21. International Finance.