Abstract:

Embark on an exploration of macroeconomics with its 2024 release, unfolding against the backdrop of unprecedented economic transformations. As the world grapples with challenges, this product’s focused approach equips you to decipher the complexities of macroeconomics in a rapidly evolving environment. This product’s philosophy stands strong: strip away the unnecessary and intensify focus on central concepts. Our goal is to produce macroeconomic naturalists who see each economic event because of a cost-benefit calculation. From understanding the reasons behind holding U.S. dollars to unraveling the impact of inflation, this textbook actively engages students, making macroeconomics a language they speak fluently.  With heavy emphasis on globalization, this text navigates real wage inequality, costs and benefits of trade, protectionism, and the link between exchange rates and monetary policy. Frank, Nobel-Prize winner: Bernanke, Antonovics, and Heffetz bring expertise to every chapter keeping the learning fresh, engaging, and always up-to-date. 

Publisher's Version