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Macroeconomics 10th Edition

William Boyes | Michael Melvin

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Overview

Equip students with a global understanding of macroeconomic principles while introducing the latest thinking on macroeconomic phenomena in Boyes/Melvin's MACROECONOMICS, 10TH EDITION. Clearly illustrate the connections between key macroeconomic principles and actual business practices with integrated learning features, memorable examples, and a unique global emphasis. Revisions and the latest microeconomic materials emphasize the fundamentals and practical application of concepts to current events. New macroeconomics coverage highlights the recent financial crisis and its global implications. Students gain an in-depth understanding of globalization and its impact on economic growth and poverty. Aplia™ and MindTap® are available.

William Boyes, Arizona State University

Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School in 1974. Before joining the Arizona State faculty, he was the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China and the University of London, London, England, and lectured at ITAM in Mexico City; and 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 has been an economist with Security Pacific National Bank (now Bank of America). He has been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is the director of the office of economic education at ASU and 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.

Michael Melvin, Arizona State University

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 in 1980. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, was a Fulbright Professor at the University of Frankfurt, and 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 coeditor of the Journal of International Money and Finance.

MindTap® is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap.

Developed by teachers, Aplia assignments connect concepts to the real world and focus on the unique course challenges facing students. In the last 15 years, more than two billion answers have been submitted through Aplia, representing millions of students who have come to class more engaged and better prepared.

  • COVERAGE HIGHLIGHTS THE RECENT FINANCIAL CRISIS AND ITS GLOBAL IMPLICATIONS. The authors have condensed the introduction, while providing abundant important coverage of the recent financial crisis as well as the associated recession and the central bank policies to counter its impact. With regard to the latter, forward guidance is now discussed under tools of monetary policy. A special section emphasizes how the financial crisis began in the United States before spreading globally.
  • UNIQUE, PROVEN LEARNING FEATURES IMPROVE COMPREHENSION AND STUDENT PERFORMANCE. This popular text's one-of-a-kind, proven pedagogical program helps improve both comprehension and performance. Students attain the knowledge and skills to succeed in class and to develop an understanding of core economic principles essential for success throughout their careers.
  • FUNDAMENTAL QUESTIONS DIRECT STUDENTS' FOCUS TO KEY ISSUES. As students read and prepare for class, this book's useful Fundamental Questions for each chapter help focus students' attention to key issues. Chapter summaries and the book's supplements further reinforce these themes and effectively guide students' study.
  • CONVENIENT, INTEGRATED REFERENCING SYSTEM ENABLES STUDENTS TO WORK EFFICIENTLY. With this book's integrated referencing system, students can easily explore and review the macroeconomics topics they need more, allowing them to work more efficiently and effectively.
  • LEADING APLIA™ ONLINE HOMEWORK SYSTEM INCREASES STUDENT ENGAGEMENT. The most successful online product for economics is now fully integrated with this text. Aplia™ offers interactive tools to help prepare your economics students and increase student effort and engagement--without requiring more work from you. Students stay on top of coursework with regularly scheduled homework assignments while Aplia's™ high quality automatic grading provides detailed, immediate feedback. A new eReader provides media assets and new tools for mastering graphing and vocabulary.
  • ECONOMIC INSIGHT BOXES RELATE CONCEPTS TO CURRENT EVENTS. Economic Insights throughout this edition highlight some of today's most current events to focus readers' attention on the relevance and real-world applications of concepts in the chapter. These engaging features help students carefully consider a wide range of topics from an informed macroeconomic perspective.
  • THE LATEST ECONOMICALLY SPEAKING AND COMMENTARY FEATURES HIGHLIGHT THE MACROECONOMIC IMPACT OF TODAY'S MOST IMPORTANT WORLD EVENTS. Introduce your students to recent newspaper and magazine articles that highlight important world events and their macroeconomic causes and consequences with Economically Speaking and Commentary features at the end of each chapter. These familiar, interesting, and memorable examples help your students appreciate the importance of the material they are learning in your course. For your convenience, Economically Speaking is now also available digitally.
  • THE LATEST MACROECONOMIC STATISTICS THROUGHOUT THIS EDITION ENSURE YOU ARE TEACHING YOUR STUDENTS USING THE MOST CONTEMPORARY INFORMATION. Updates, numerous additions and timely revisions throughout all parts of this new edition represent the latest thinking from leading economists on important macroeconomic phenomena.

Macroeconomics

TABLE OF CONTENTS

1. The Wealth of Nations: Ownership and Economic Freedom.
1A. Working with Graphs.
2. Scarcity and Opportunity Costs.
3. Markets and the Price System.
4. The Aggregate Economy.
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.
9A. An Algebraic Model of Aggregate Expenditures.
10. Income and Expenditures Equilibrium.
10A. An Algebraic Model of Income and Expenditures Equilibrium.
11. Fiscal Policy.
11A. 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 Economics.
18. Globalization.
19. World Trade Equilibrium.
20. International Trade Restrictions.
21. Exchange Rates and Financial Links between Countries.

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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