The Seventh Edition of Macroeconomics maintains the hallmarks of the Boyes/Melvin series—accessible writing, strong pedagogy, and integration of global economic issues—with the revision focused on faithfully representing the latest thinking of economists on important macroeconomic phenomena. The authors have improved the integration of their popular pedagogy, technology, and supplements for a complete program that clearly illustrates the connection between the study of economics and the world of business. The text has been thoroughly updated to include the economic effects of the war in Iraq, the devastation of New Orleans by the Gulf Coast Hurricanes, and China's emergence as an economic power.Macroeconomics, 7/e, also provides in-depth coverage of one of today's most significant issues—globalization—and how it affects economic growth and poverty. The authors examine standards of living around the world, comparing the poverty of Sub-Saharan Africa to the wealth of industrial nations. Global Business Insight boxes illustrate economic concepts with examples from around the world; corresponding thumbnail maps provide a sense of economic geography and orient students visually. In addition, all available data up to 2005, and in many cases 2006, has been included.
Product dimensions: 8.10 (w) x 10.00 (h) x 0.80 (d)
Meet the Author
Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School. An active educator as well as respected author, Dr. Boyes has served as the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China. He has also served as visiting professor at the University of London, London, England, and has lectured at ITAM in Mexico City. In addition, he was the dean of the College of Business at Cal Poly, San Luis Obispo. Dr. Boyes has also served as chairman of the Economics Department at ASU and director of Arizona council on economic education at ASU. Dr. Boyes has been an economist with Security Pacific National Bank (now Bank of America). He has also been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is a member of the Pacific Research Institute's Academic Advisory Board. Dr. Boyes has received many teaching awards, including the Golden Key National Honor Society Outstanding Professor Award at ASU in 1988, the Outstanding Teacher in the MBA Program Award at ASU in 1994, the Outstanding Teacher in the College of Business Award at ASU in 1995, Huizingh Outstanding Honors Professor in 2007, and Outstanding MBA Professor in 2008.
Dr. Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, and was a Fulbright Professor at the University of Frankfurt. In addition, Dr. Melvin has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the co-editor of the Journal of International Money and Finance.
Part I: INTRODUCTION TO THE PRICE SYSTEM. 1. Economics: The World Around You. Appendix: working with Graphs. 2. Choice, Opportunity Costs, and Specialization. 3. Markets, Demand and Supply, and the Price System. 4. The Market System and the Private and Public Sectors. Part II: MACROECONOMIC BASICS. 5. National Income Accounting. 6. An Introduction to the Foreign Exchange market and the Balance of Payments. 7. Unemployment and Inflation. 8. Macroeconomic Equilibrium: Aggregate Demand and Supply. 9. Aggregate Expenditures. Appendix: An Algebraic Model of Aggregate Expenditures. 10. Income and Expenditures Equilibrium. Appendix: An Algebraic Model of Income and Expenditures Equilibrium. Part III: MACROECONOMIC POLICY. 11. Fiscal Policy. Appendix: An Algebraic Examination of the Balanced-Budget Change in Fiscal Policy. 12. Money and Banking. 13. Monetary Policy. 14. Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles. 15. Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical. 16. Economic Growth. 17. Development Economies. 18. Globalization. Part IV: ISSUES IN INTERNATIONAL TRADE AND FINANCE. 34. World Trade Equilibrium. 35. International Trade Restrictions. 36. Exchange Rates and Financial Links Between Countries.