13th Edition

Roger A. Arnold

ISBN-13: 9781337617390 | ISBN-10: 1337617393

Copyright 2019

| Published 2018

| 696 pages

List Price USD $249.95


Ever wonder what gives money value, why the unemployment rate rises or falls, or why some economies grow faster than others? What causes the business cycle, or inflation, or high interest rates? MACROECONOMICS, 13E answers these intriguing questions and more as you open the world of economic analysis. You master macroeconomics as memorable examples from everyday macroeconomic events illustrate how economic forces link to everyday events. This edition offers videos ideal for self-study. "Video Office Hours" digital lectures walk you through worked problems, while brief "Working with Diagrams" videos demonstrate key concepts in graphing. Digital resources Aplia and MindTap with new Adaptive Test Prep enable you to assess your personal economic understanding. Explore the latest developments in today's changing economy as you gain a thorough understanding of contemporary macroeconomics.

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Meet the Authors

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Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has published numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of economics supplemental text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold earned a B.S. in Economics from the University of Birmingham in England and received his M.A. and his Ph.D. degrees from Virginia Tech.

  • SHORT LECTURE VIDEOS HIGHLIGHT KEY CONCEPTS. These 3 to 5-minute lecture videos for each chapter further clarify the chapter’s primary economic concepts.
  • MINDTAP’S NEW ADAPTIVE TEST PREP TOOL PREPARES STUDENTS FOR TESTING SUCCESS. This digital resource now provides more questions with both written and video answers for students to answer before taking the real test in class.
  • "QUESTIONS TO ANSWER BEFORE GOING TO CLASS" PREPARE STUDENTS FOR EFFECTIVE PARTICIPATION IN CLASS. Students answer insightful questions after reading the chapter, but before attending class, which prepares them to contribute with meaningful classroom discussion.
  • "WHAT’S WRONG WITH THIS DIAGRAM?" CLARIFIES AND PROVIDES IMPORTANT PRACTICE WORKING WITH THIS KEY PART OF ECONOMICS. In this feature a diagram is drawn and explained. The student is then asked to identify what is specifically wrong with the diagram or explanation.
  • NEW "HEAR WHAT AND HOW THE ECONOMIST THINKS" FEATURES GIVES STUDENTS INSIGHT INTO HOW ECONOMISTS THINK ABOUT VARIOUS TOPICS. Found in all chapters, this intriguing feature virtually places a "thought caption" above the economist’s head as he or she thinks "out loud" in response to what people say about a given economics topic, or what her or she reads in the newspaper or hears on a radio show.
  • "DOES IT MATTER TO YOU IF...?" CONNECTS TEXT CONTENT TO REAL LIFE. Students see how the concepts they read in the book -- such as inflation, unemployment, the business cycle, economic growth, monetary policy, fiscal policy -- directly affect them. Students examine topics, such as " Does It Matter to You If the Economy is at One Point on the PPF Instead of Another?" or "Does It Matter if You Live in a Barter or Money Economy?" or "Does It Matter if the Money Supply Rises or Falls?" They see how it certainly does matter.
  • MINDTAP, THE MOST ADVANCED DIGITAL PRODUCT FOCUSES STUDENTS THROUGH INTERACTIVE LEARNING EXAPMPLES AND ASSIGNMENTS. MindTap offers comprehensive interactive economic problem sets, analyses, tutorials, and critical thinking exercises (powered by Aplia) that require students to take an active role in the learning process. The system automatically grades and records homework and works with any learning management system. Many of the videos and tutorials feature the author, Roger Arnold himself.
  • VIDEO OFFICE HOURS FROM THE AUTHOR WALK STUDENTS THROUGH KEY CONCEPTS AND GRAPHS FOR EACH CHAPTER. Using innovative video and whiteboard technology, author Roger Arnold provides both short digital concept pieces and longer digital lectures for each chapter. He clearly presents key economic concepts just as he does in his own classes, using a whiteboard for lecture points and demonstrating graphs. Students can play and replay the lectures as often as needed to review concepts.
  • "HEAR HOW AND WHAT THE ECONOMIST THINKS" GIVES STUDENTS A GLIMPSE INTO THE THINKING OF ECONOMISTS AS THEY "THINK THROUGH" VARIOUS TOPICS. These features are similar to examining a "thought caption" above the economist’s head as he or she thinks through something someone has said about an economics topic, or considers a topic that was read in a newspaper or heard on a television newscast.
  • "ECONOMICS 24/7" FEATURE ILLUSTRATES THE PRACTICAL RELEVANCE OF KEY CONCEPTS. This helpful feature explores numerous timely issues that can be explained through economic analysis. For example, students examine why there might be "shortages" on freeways, what studying has to do with one’s production possibilities frontier, the relationship between money and happiness, and what voting rules have to do with government spending and taxing. Readers learn to look for economic forces at work as they study the principles behind those forces.
  • VIRTUALLY ENDLESS CUSTOMIZATION CHOICES OFFER ULTIMATE TEACHING FLEXIBILITY. Easily rearrange chapters or customize online chapters in print. You even have the option to add any topic, including your own research and notes or specialized topics drawn from the Cengage Economics Issues database. Aplia's customization is fully integrated, giving your students hands-on application opportunities without adding to your workload.
  • "DOES IT MATTER TO YOU IF...?" RELATES THE BOOK’S TOPICS TO EVERYDAY CONCERNS. This feature demonstrates how the topics that students are reading about, such as interest rates, aggregate demand and supply, monetary and fiscal policy, direct impact them. "Does It Matter to You If the Economy is at One Point on the PPF Instead of Another? " or " Does It Matter to You If the Money Supply Rises or Falls?" Students see it certainly does matter.
  • "WHAT’S WRONG WITH THIS DIAGRAM?" AND RELATED FEATURES HELP STUDENTS MASTER DIAGRAMS FOR ECONOMICS. This feature, along with "Working With Diagrams" and "Progression Graphs," help students master the "ins and outs" of reading and understanding all of the diagrams found in today’s economics principles course.
  • ONLY BOOK THAT DEVOTES ENTIRE CHAPTER TO HOW ECONOMISTS BUILD THEORIES. Chapter 20 is a different kind of economics principles chapter. It explains how economists progress from making observations and developing questions to answer to building theories and making predictions based on those theories. This unique chapter discusses such topics as birthrates in different countries, ethical codes in small towns and big cities, crime, house prices and school districts, health care, and giving and receiving gifts. Students see just how theories are made in the economist’s kitchen.
  • QUESTIONS TO ANSWER BEFORE GOING TO CLASS HELPS STUDENTS PREPARE FOR A MEANINGFUL, INTERACTIVE CLASS PERIOD. This feature gives students an opportunity to answer 15 - 25 questions based on their chapter text reading. Students see how prepared they are for the upcoming class lectures.

Table of Contents

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1. What Economics Is About.
Appendix A: Working with Diagrams.
Appendix B: Should You Major in Economics?
2. Production Possibilities Frontier Framework.
3. Supply and Demand: Theory.
4. Prices: Free, Controlled, and Relative.
5. Supply, Demand, and Price: Applications.
Part II: Macroeconomic Fundamentals.
6. Macroeconomic Measurements, Part I: Prices and Unemployment.
7. Macroeconomic Measurements, Part II: GDP and Real GDP.
Part III: Macroeconomic Stability, Instability, and Fiscal Policy.
8. Aggregate Demand and Aggregate Supply.
9. Classical Macroeconomics and the Self-Regulating Economy.
10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.
11. Fiscal Policy and the Federal Budget.
Part IV: Money, the Economy, and Monetary Policy.
12. Money, Banking and the Financial System.
13. The Federal Reserve System.
Appendix C: The Market for Reserves (Or the Federal Funds Market).
14. Money and the Economy.
15. Monetary Policy.
Appendix D: Bond Prices and Interest Rates.
Part V: Expectations and Growth.
16. Expectations Theory and the Economy.
17. Economic Growth: Resources, Technology, Ideas, and Institutions.
Part VI: Government and the Economy.
18. Debates in Macroeconomics Over the Role and Effects of Government.
Part VII: Public Choice, and Special-Interest-Group Politics.
19. Public Choice and Special-Interest-Group Politics.
Part VIII: Economics Theory-Building and Everyday Life.
20. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions.
The Global Economy.
Part IX: International Economics and Globalization.
21. International Trade.
22. International Finance.
Web Chapters.
23. The Economic Case For and Against Government: Five Topics Considered.
24. Stocks, Bonds, Futures, and Options.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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  • ISBN-10: 1337617393
  • ISBN-13: 9781337617390

Price USD$ 249.95

eBook: Macroeconomics 12Months

  • ISBN-10: 8000030756
  • ISBN-13: 9788000030753

Price USD$ 48.49


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