Description
Baumol (economics, New York U. and Princeton U.) and Blinder (economics, Princeton U.) present this economics textbook, which begins with an introduction to the topic and ends with a discussion of the US in the world economy. In this edition, they simplify the chapters on stock and bond markets, regulation and antitrust, environmental economics, and poverty and inequality. They have also brought back the myth and reality chapter that was omitted from the ninth edition. Other new material has been added, some chapters have been reorganized, and updates to the section on microeconomics and the virtues and limitations of markets have been made. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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This text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application. Homework Xpress is available with the anniversary Tenth Edition and two new sets of end of chapter questions have been added as well to help students prepare for exams: “Test Yourself” and “Discussion Questions”.
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