Taking a "just-in-time" approach by introducing material just as it is needed to develop an argument, MACROECONOMICS: A CONTEMPORARY APPROACH, Eighth Edition, truly leads by example. In a decidedly non-condescending tone, McEachern assumes that students are already intuitively familiar with many economic concepts through their own life experiences. These life experiences are then explained to students as economic concepts with clear and interesting exposition, relevant case studies, and a clean focused design. The text's major applications take the form of case studies that are meant to be read and therefore are integrated into the flow of each chapter. With this eighth edition, the book's well-crafted approach is enhanced with resources—such as Aplia and CengageNOW—that will help your students improve their understanding and will help you streamline tasks and save valuable time.
A text/CD-ROM package for a first course in macroeconomics. Early chapters cover macro- and microeconomics foundations, and later material uses the aggregate demand and aggregate supply models to underscore the difference between active and passive approaches to the economy. Pages are designed to be reader friendly, with color photos and graphics, plus margin terms and case studies. Pedagogical features include chapter summaries, review questions, problems, experiential exercises, and mathematical appendices with exercises, as well as notes on web sites, and a 12-page guide to reading the . Many exercises require students to consult the and the Internet. The CD-ROM contains study tools and graphing tutorials. This fifth edition contains expanded international material. Economic jargon has been reduced. The author is a professor of economics at the University of Connecticut. Annotation c. Book News, Inc., Portland, OR (booknews.com)
William A. McEachern began teaching large sections of economic principles shortly after joining the University of Connecticut, and a several years later he began offering teaching workshops around the country. The University of Connecticut Alumni Association conferred on him its Faculty Excellence in Teaching Award in 2000. He earlier won the Association's award for Distinguished Public Service. Professor McEachern has published books and monographs on public finance, public policy, and industrial organization. His research has also appeared in edited volumes, such as READINGS IN PUBLIC CHOICE ECONOMICS (University of Michigan Press), INTERNATIONAL HANDBOOK ON TEACHING AND LEARNING ECONOMICS (Edward Elgar Publishing), and RETHINKING ECONOMIC PRINCIPLES (Irwin Publishing), and in a variety of refereed journals, including ECONOMIC INQUIRY, NATIONAL TAX JOURNAL, QUARTERLY REVIEW OF ECONOMIC AND BUSINESS, JOURNAL OF INDUSTRIAL ECONOMICS, KYKLOS, ECON JOURNAL WATCH, and PUBLIC CHOICE. He is the founding editor of THE TEACHING ECONOMIST, a newsletter that for more than two decades has focused on teaching economics at the college level. Professor McEachern has advised federal, state, and local governments on policy matters, and has been quoted in media such as the NEW YORK TIMES, TIMES OF LONDON, WALL STREET JOURNAL, CHRISTIAN SCIENCE MONITOR, USA TODAY, and READER'S DIGEST. He was born in Portsmouth, New Hampshire, earned an undergraduate degree with honors from College of the Holy Cross, served three years as a U.S. Army officer, and earned an M.A. and Ph.D. from the University of Virginia.
1 Introduction to Economics. 0100 The Art and Science of Economic Analysis. 0200 Economic Tools and Economic Systems. 0300 Economic Decision Makers. 0400 Demand, Supply, and Markets. 2 Fundamentals of Macroeconomics. 0500 Introduction to Macroeconomics. 0600 Productivity and Growth. 0700 Tracking the U.S. Economy. 0800 Unemployment and Inflation. 0900 Aggregate Expenditure. 1000 Aggregate Expenditure and Aggregate Demand. 1100 Aggregate Supply. 3 Fiscal and Monetary Policy. 1200 Fiscal Policy. 1300 Federal Budgets and Public Policy. 1400 Money and the Financial System. 1500 Banking and the Money Supply. 1600 Monetary Theory and Policy. 1700 Macro Policy Debate: Active or Passive? 4 International Economics. 1800 International Trade. 1900 International Finance. 2000 Developing and Transitional Economies.