An exploration of the macroeconomic aspects of economic growth, business cycles, and monetary and trade policy "Macroeconomics" explains how recent tax cuts have combined with the war on terrorism and slow economic growth to contribute to increasing budget deficits. Also included are discussions of international trade policy, comparative advantage, and outsourcing, as well as valuable Web access to more than 250 minutes of new videos from Paul Solman of the " Lehrer NewsHour."
Written for the first undergraduate principles of macroeconomics course in colleges and universities. The first Canadian edition was successfully used in all provinces of the country. This student friendly principles of economics textbook has been praised in reviews for its accessibility. One of the authors' primary concerns is to instill "economic sensibility" in the student. The text emphasizes the intellectual and historical context to which the economic models are applied.
