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Macroeconomics: Principles and Applications 6th Edition

Robert E. Hall, Marc Lieberman

  • Published
  • Previous Editions 2010, 2008, 2005
  • 552 Pages
Starting At 130.00 See pricing and ISBN options

Overview

Show students how today's macroeconomic policy issues, decisions, and applications impact them every day with the practical, accessible presentation in MACROECONOMICS. Written by acclaimed economists Hall and Lieberman, this straightforward, contemporary text remains as current as the latest headlines. Fresh new cutting-edge examples throughout this edition as well as updated mini-cases clearly illustrate core macroeconomic principles and applications in action. This edition's streamlined chapters focus on today's most important macroeconomic theories and events as well as how they relate to practical situations. This easy-to-understand comprehensive text equips students with a solid foundation in macroeconomics that students can build on for success no matter what their careers. New diagrams, interactive online exercises, graphing applications, and Internet research resources give students hands-on experience in understanding current macroeconomic challenges. This edition presents the latest thinking from leading economics. Dynamic online resources, such as Aplia™ (the leading online homework manager), CourseMate online tools, and CengageNOW™, ensure students master macroeconomic principles and applications.

Robert E. Hall, Stanford University

Dr. Robert E. Hall is a prominent applied economist. He is the Robert and Carole McNeil Joint Professor of Economics at Stanford University and Senior Fellow at Stanford's Hoover Institution, where he conducts research on inflation, unemployment, taxation, monetary policy, and the economics of high technology. Dr. Hall received his Ph.D. from MIT and has taught there as well as at the University of California, Berkeley. He was the president of the American Economic Association for the year 2010. He is also director of the research program on Economic Fluctuations of the National Bureau of Economic Research, and chairman of the Bureau's Committee on Business Cycle Dating, which maintains the chronology of the U.S. business cycle. He has published numerous monographs and articles in scholarly journals, and co-authored a popular intermediate text. Dr. Hall has advised the Treasury Department and the Federal Reserve Board on national economic policy and has testified on numerous occasions before congressional committees.

Marc Lieberman, New York University

Dr. Marc Lieberman is Clinical Professor of Economics at New York University. He received his Ph.D. from Princeton University. Dr. Lieberman has taught graduate and undergraduate courses in microeconomics, macroeconomics, econometrics, labor economics, and international economics. He has presented his extremely popular Principles of Economics course at Harvard, Vassar, the University of California at Santa Cruz, the University of Hawaii, and New York University. Dr. Lieberman has won NYU's Golden Dozen teaching award three times and has also received the Economics Society Award for Excellence in Teaching. He is co-editor and contributor to THE ROAD TO CAPITALISM: ECONOMIC TRANSFORMATION IN EASTERN EUROPE AND THE FORMER SOVIET UNION. Dr. Lieberman has consulted for the Bank of America and the Educational Testing Service. In his spare time, he is a professional screenwriter and teaches screenwriting at NYU's School of Continuing and Professional Studies.
  • NEW "USING THE THEORY" FEATURES THROUGHOUT THE EDITION REFLECT FRESH, PRACTICAL APPLICATIONS. Many of the chapters offer updated "Using the Theory" mini-cases to further emphasize the immediate value and practical application of macroeconomic concepts students are learning.
  • UPDATED MACROECONOMIC FACTS AND DATA REFLECT TODAY'S LATEST EMERGING BUSINESS INFORMATION. This edition incorporates the most recent, pertinent macroeconomic and financial data from today's headlines into an updated contemporary presentation to ensure your students are prepared to deal with tomorrow's challenges.
  • FRESH, UPDATED EXAMPLES HIGHLIGHT TODAY'S MOST CONTEMPORARY SITUATIONS AND CHALLENGES. This edition's memorable, practical examples bring today's latest business and macroeconomic situations to life while emphasizing key concepts from the text.
  • STREAMLINED MACROECONOMIC CHAPTERS FOCUS ON CONCEPTS MOST IMPORTANT FOR SUCCESS. Concise, yet thorough content throughout the macroeconomic chapters is streamlined in this edition to emphasize the macroeconomic concepts and applications most critical in business today.
  • NEW DIAGRAMS CLARIFY CONCEPTS AND AID STUDENT UNDERSTANDING. This edition provides new clear diagrams to visually reinforce the macroeconomic concepts presented in the text and ensure student comprehension.
  • OPTIONAL CONTENT IS NOW AVAILABLE IN APPENDIXES. The authors have relocated optional macroeconomics material to easily accessible appendixes to give you the flexibility to incorporate or omit this information from your course, depending on your students' needs.
  • UPDATED TREATMENT OF MONEY, THE BANKING SYSTEM, AND MONETARY POLICY REFLECTS TODAY'S LATEST THINKING. This edition's presentation of money, banking, and monetary policies throughout the macroeconomic chapters incorporates the most recent emerging trends and thoughts from central banks and leading economists.
  • MODERN MACROECONOMICS APPROACH PROVIDES THOROUGH UNDERSTANDING OF CONTEMPORARY ISSUES. As part of this edition's easy-to-understand approach, long-run and short-run perspectives are continually compared while clearly presenting strengths and limitations. This edition's chapter on economic fluctuations thoroughly explains why different perspectives exist and helps resolve a variety of controversies and contradictions.
  • HOMEWORK AND COURSE MANAGEMENT TECHNOLOGY AS WELL AS CASES ENSURE AN INTERACTIVE, DYNAMIC LEARNING ENVIRONMENT. Cutting-edge homework and course management technology, such as Aplia™, CengageNOW™, and CourseMate online resources, offer you flexibility and significant time savings. New and revised end-of-chapter "Using the Theory" mini-cases give you relevant real-world applications to further encourage lively class discussions or meaningful homework.
  • PROVEN AUTHORS OFFER AUTHORITATIVE, PRACTICAL PERSPECTIVES ON MACROECONOMIC ISSUES. A cutting-edge researcher, author Robert Hall is well recognized as one of the nation's most respected economists. Author Marc Lieberman combines his talents as a prominent leading economist and award-winning teacher to provide a practical perspective as well as business insights to the book.
  • EMPHASIS ON CORE MACROECONOMIC THEORY ENSURES SOLID FOUNDATION. Hall/Lieberman's signature, accessible, no-nonsense approach ensures all students gain a solid understanding of core macroeconomic theories and applications. You can use this comprehensive base of knowledge as a launching pad for interesting extensions of key topics.
Part I: PRELIMINARIES.
1. What Is Economics?
2. Scarcity, Choice, and Economic Systems.
3. Supply and Demand.
4. Working with Supply and Demand.
Part II: MACROECONOMICS: BASIC CONCEPTS.
5. What Macroeconomics Tries to Explain.
6. Production, Income, and Employment.
7. The Price Level and Inflation.
Part III: LONG-RUN MACROECONOMICS.
8. The Classical Long-Run Model.
9. Economic Growth and Rising Living Standards.
Part IV: THE SHORT-RUN MODEL AND FISCAL POLICY.
10. Economic Fluctuations.
11. The Short-Run Macro Model.
12. Fiscal Policy.
Part V: EXPANDING THE MODEL: MONEY, PRICES, AND THE GLOBAL ECONOMY.
13. Money, Banks, and the Federal Reserve.
14. The Money Market and Monetary Policy.
15. Aggregate Demand and Aggregate Supply.
16. Inflation and Monetary Policy.
17. Exchange Rates and Macroeconomic Policy.
MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 1285382234
  • ISBN-13: 9781285382234
  • Bookstore Wholesale Price $130.00
  • RETAIL $130.00

Digital Access + Print — Flexible Value

Recommended and most popular

  • ISBN-10: 1337064440
  • ISBN-13: 9781337064446
  • Bookstore Wholesale Price $262.50
  • RETAIL $349.95
Aplia
Aplia is an online learning solution that increases student engagement with automatically graded assignments and detailed explanations.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 1133576028
  • ISBN-13: 9781133576020
  • Bookstore Wholesale Price $130.00
  • RETAIL $130.00

Digital Access + Print — Flexible Value

Recommended and most popular

  • ISBN-10: 1285047532
  • ISBN-13: 9781285047539
  • Bookstore Wholesale Price $262.50
  • RETAIL $349.95

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1285015738
  • ISBN-13: 9781285015736
  • STARTING AT $22.49

  • STARTING AT $43.49

  • ISBN-10: 1111822352
  • ISBN-13: 9781111822354
  • Bookstore Wholesale Price $206.25
  • RETAIL $274.95

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.

FOR INSTRUCTORS

Instructor's Resource CD-ROM

ISBN: 9781133627357
Find all the resources you need at your fingertips. This easy-to-use CD offers instant access to instructor resources, while allowing you to review, edit, and copy the specific material you need. You’ll find the Instructor’s Manual with outlines, exercises, answers to questions and problems, as well as the Test Bank in Word® with more than 5,000 multiple-choice questions, designated by topical headings and subheadings and labeled with AACSB skill-based classifications. ExamView® computerized testing contains the full Test Bank while PowerPoint® lecture and exhibits slides clarify concepts.

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access

ISBN: 9781133716082
CourseMate brings concepts to life with interactive learning, study, and exam preparation tools as well as an interactive eBook in this text-specific website. Students can access ABC News videos, economic news articles, economic debates, interactive quizzes, and flashcards as well as graphing tutorials and Internet research activities. The Global Economic Watch stimulates discussion and understanding of the global downturn. Chapter questions and solutions are ideal for individual assignments or group projects. Engagement Tracker helps monitor student engagement in your course.

FOR STUDENTS

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access

ISBN: 9781133716082
Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.