Higher Education

Macroeconomics: Principles and Applications, 6th Edition

  • Robert E. Hall Stanford University
  • Marc Lieberman New York University
  • ISBN-10: 1111822352  |  ISBN-13: 9781111822354
  • 552 Pages
  • Previous Editions: 2010, 2008, 2005
  • © 2013 | Published
  • College Bookstore Wholesale Price = $234.00

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About

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.

Features and Benefits

  • 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.
  • 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.

Table of Contents

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.

What's New

  • 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.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Printed Text + Aplia™, 1 term Instant Access

ISBN-10: 1285047532  | ISBN-13: 9781285047539

List Price = $324.95  | CengageBrain Price = $324.95  | College Bookstore Wholesale Price = $244.00

This Bundle Includes:

  • Macroeconomics: Principles and Applications
    List Price = $310.95  | CengageBrain Price = $310.95  | College Bookstore Wholesale Price = $234.00
  • Aplia™, 1 term Instant Access
    List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00


Bundle: Text + MindLink for Aplia Printed Access Card

ISBN-10:  1285724518  | ISBN-13:  9781285724515

List Price = $324.95  | CengageBrain Price = $324.95  | College Bookstore Wholesale Price = $244.00

This Bundle Includes:

  • Macroeconomics: Principles and Applications
    List Price = $310.95  | CengageBrain Price = $310.95  | College Bookstore Wholesale Price = $234.00
  • MindLink for Aplia, 1 term (6 months) Printed Access Card
    List Price = $126.00  | College Bookstore Wholesale Price = $94.50


Printed Text + MindTap® Economics, 1 term (6 months) Instant Access

ISBN-10:  1337064440 | ISBN-13:  9781337064446

List Price = $324.95  | CengageBrain Price = $324.95  | College Bookstore Wholesale Price = $244.00

This Bundle Includes:

  • Macroeconomics: Principles and Applications
    List Price = $310.95  | CengageBrain Price = $310.95  | College Bookstore Wholesale Price = $234.00
  • MindTap® Economics, 1 term (6 months) Instant Access
    List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor’s Resource CD-ROM  (ISBN-10: 1133627358 | ISBN-13: 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.

Aplia™, 1 term Instant Access  (ISBN-10: 1133576028 | ISBN-13: 9781133576020)

Engage, prepare, and educate students for economic success with this online learning solution. Aplia™ is an online, auto-graded homework system that improves learning by increasing student effort and engagement--without requiring more work from you. Students stay on top of coursework with regularly scheduled homework assignments, while automatic grading provides detailed, immediate feedback. Aplia™ assignments match the structure of ECONOMICS with the most current economic information. Aplia™ is used by more than 1,000,000 students at over 1,300 institutions.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access  (ISBN-10: 1133716083 | ISBN-13: 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.

List Price = $217.00  | CengageBrain Price = $217.00  | College Bookstore Wholesale Price = $217.00

Instructor's Manual  (ISBN-10: 1133562515 | ISBN-13: 9781133562511)

The manual provides chapter outlines, teaching ideas, experiential exercises for many chapters, answers to online review questions,and solutions to all end-of-chapter problems. This manual is also intended for use with the Economics and Macroeconomics versions of Hall/Lieberman 6e.

BBC Economic News Videos DVD  (ISBN-10: 0538480114 | ISBN-13: 9780538480116)

BBC News Video Segments deliver the "real world" right to students' desktops, giving students a context for how economic topics affect world and national events as well as their own daily lives, and helping them learn material by applying it to current events.

Student Supplements

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285323289 | ISBN-13: 9781285323282)

Succeed in your macroeconomics course with one full semester of access to Aplia’s interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for MACROECONOMICS: PRINCIPLES AND APPLICATIONS, 6th Edition. Aplia has already helped more than a million students succeed in college classes.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Aplia™, 1 term Instant Access  (ISBN-10: 1133576028 | ISBN-13: 9781133576020)

Succeed in your course with Aplia's™ interactive learning system--featuring practice problems, interactive tutorials, online experiments, and more. With Aplia™ you get the help you need to stay on top of your coursework. This innovative, online learning solution makes it convenient to read your e-text and master principles of economics. Interactive tools and automatically graded homework with immediate feedback further your understanding. It's easy to apply what you learn in the text directly to homework. Aplia™ is used by more than 1,000,000 students at over 1,300 institutions worldwide.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context Instant Access  (ISBN-10: 1133716083 | ISBN-13: 9781133716082)

CourseMate is your one-stop shop for learning tools and activities that help you succeed. All the study and application resources in CourseMate are organized by chapter to help you get the most from your text. Interactive quizzes and flashcards aid practice while the Graphing Workshop tool helps you better understand how graphs are used. Economics CourseMate includes an interactive eBook that lets you take notes, highlight, search, and interact with embedded media specific to this book.

List Price = $217.00  | CengageBrain Price = $217.00  | College Bookstore Wholesale Price = $217.00

Cengage Learning Write Experience 2.0 Powered by MyAccess with eBook, 1 term (6 months) Instant Access  (ISBN-10: 1285093534 | ISBN-13: 9781285093536)

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Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285093550 | ISBN-13: 9781285093550)

One million+ students, one billion answers In just 10 years, more than one billion answers have been submitted through Aplia, the premier online assignment solution. Millions of students use Aplia to better prepare for class and for their exams. Join them today! Know what’s important Aplia assignments mean “no surprises”—with an at-a-glance view of current assignments organized by due date, you always know what’s due, and when. Discover real-world relevance Aplia ties your lessons into real-world applications so you get a bigger, better picture of how you’ll use your education in your future workplace. Master the content Automatic grading and immediate step-by-step feedback helps you master content the right way the first time. Student Testimonial: “I was very engaged; the content in Aplia is useful. The study tools and materials in Aplia most definitely help me feel more prepared. I understood more than I would have otherwise.” - Tia Student, Glendale Community College CTA: Ask your instructor about Aplia for this course. www.cengage.com/aplia

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General MindLink for MindTap® Economics, 1 term (6 months) Instant Access  (ISBN-10: 128540811X | ISBN-13: 9781285408118)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

MindTap® Economics, 1 term (6 months) Instant Access  (ISBN-10: 1285382234 | ISBN-13: 9781285382234)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Meet the Author

Author Bio

Robert E. Hall

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

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.