Higher Education

Macroeconomics: A Contemporary Approach, 10th Edition

  • William A. McEachern University of Connecticut
  • ISBN-10: 1133188133  |  ISBN-13: 9781133188131
  • 472 Pages
  • Previous Editions: 2012, 2009, 2006
  • © 2014 | Published
  • College Bookstore Wholesale Price = $227.25
  • Newer Edition Available

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About

Overview

McEachern “teaches by example.” It is the text that uses examples and illustrations that students will recognize when they show up for class the first day because they already have at least 17 years of personal experience with economic choices, institutions, and events. Taking a “just-in-time” approach by introducing material just as it is needed to develop an argument, MACROECONOMICS: A CONTEMPORARY INTRODUCTION, Tenth Edition, truly leads by example. In a decidedly user-friendly tone, McEachern assumes that students are already intuitively familiar with many economic concepts through their own life experiences. These life experiences are then explained to students as economic concepts with clear and interesting exposition, relevant case studies, and a clean, focused design. The text’s major applications take the form of Case Studies that are meant to be read and therefore are integrated into the flow of each chapter. With this Tenth edition, the book’s well-crafted approach is enhanced with resources--such as Aplia and CourseMate--that will help your students improve their understanding and help you streamline tasks and save valuable time.

Features and Benefits

  • The most successful online product for economics is now fully integrated with McEachern’s text. Aplia offers interactive tools to help better prepare economics students. For instructors, Aplia provides access to high-quality, auto-graded assignments that ensure your students put forth effort on a regular basis throughout the term.
  • CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website.
  • This edition includes more exhibits – and many new ones - to reinforce key ideas while capturing student interest. Graphs are clear, with curves that are carefully and systematically color-coded to enhance student understanding.
  • To Review sections sum up lengthy concepts, while other section summaries and brief, one-sentence questions are inserted into the flow of the text ensure that students comprehend what they’re studying and are ready to move on through the material.
  • McEachern leads by example, introducing each economic idea by using common everyday student experiences to help bridge the gap between what students already know and the unfamiliar world of economics. With each chapter, McEachern emphasizes the “rules of the game” in shaping markets and promoting economic development, such as the protection of intellectual property rights.
  • End-of-chapter questions and problems – many new - identify the chapter concepts being addressed, allowing for easier assignment by the instructor and helping students find the material they may need to review if a question or problem gives them difficulty.

Table of Contents

1. The Art and Science of Economic Analysis.
2. Some Tools of Economic Analysis.
3. Economic Decision Makers.
4. Demand and Supply Analysis.
5. Introduction to Macroeconomics.
6. Tracking the U. S. Economy.
7. Unemployment and Inflation.
8. Productivity and Growth.
9. Aggregate Expenditure.
10. Aggregate Expenditure and Aggregate Demand.
11. Aggregate Supply.
12. Fiscal Policy.
13. Federal Budgets and Public Policy.
14. Money and the Financial System.
15. Banking and the Money Supply.
16. Monetary Theory and Policy.
17. The Policy Debate: Active or Passive?
18. International Trade.
19. International Finance.
20. Developing and Transitional Economies.

What's New

  • Greater Emphasis on Recent Research: New to this edition is a greater emphasis on research with studies selected to stimulate students’ interest, to reinforce economic principles, and, in few cases, to offer a different perspective. The 10th edition will cite and discuss nearly 150 recent studies gleaned from the author’s survey of more than a thousand relevant publications, resulting in nearly twice the number of studies identified in the previous edition.
  • New Topics Covered: Nearly 150 new research findings inevitably will introduce new topics such as issues in income redistribution and the fallout from the Great Recession.
  • More Major Sections within Chapters: The 10th edition will present major sections in more bite-sized portions through the addition of new section and subsection headings. This change will enable students to have an easier time reading and comprehending material with more manageable section lengths. Some examples of the new headings include: “Other Unemployment Issues” (Ch. 7); “The Long-Run Aggregate Supply Curve” (Ch. 11), “Banking During and After the Great Recession” (Ch. 14); and “Other Issues of Foreign Exchange Markets” (Ch. 19).
  • Checkpoint Questions: New to the 10th edition are “Checkpoint Questions” to help students retrieve, or recall, material that they have just read. After each major section, students will be asked a key “Checkpoint” question to help them assess how well they recall and understand what they just read.
  • Case Studies treatment: Case Studies have been reduced to one per chapter, updated throughout. A second Case Study for each chapter is available online.
  • Other New Aspects: More intuition, more stories, more examples, more supporting studies, or, as the case may be, some conflicting studies.
  • Some Changes to Organization: The content within some chapters is shuffled. For example, in Chapter 18 the section “Arguments for Trade Restrictions” will appear before the new section called “Efforts to Reduce Trade Barriers.”
  • New Exhibits: New exhibits will demonstrate: scarcity and choice (Ch. 1); the division of labor (Ch. 2); the evolution of money (Ch. 14); and changes over time in the different means of payments (e.g., cash, check, credit cards, debit cards) (Ch. 15).
  • New End-of-Chapter Questions/Problems: Some new Questions and Problems appear in the 10th edition in keeping with updated content

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.

ePack: Macroeconomics: A Contemporary Approach, 10th + LMS Integrated for MindTap® Economics Instant Access

ISBN-10: 1305244265  | ISBN-13: 9781305244269

List Price = $315.95  | CengageBrain Price = $315.95  | College Bookstore Wholesale Price = $237.25

This Bundle Includes:

  • Macroeconomics: A Contemporary Approach
    List Price = $302.95  | CengageBrain Price = $302.95  | College Bookstore Wholesale Price = $227.25
  • LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access
    List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00


ePack: Printed Text + Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access

ISBN-10:  1305593995 | ISBN-13:  9781305593992

List Price = $321.95  | CengageBrain Price = $321.95  | College Bookstore Wholesale Price = $242.25

This Bundle Includes:

  • Macroeconomics: A Contemporary Approach
    List Price = $302.95  | CengageBrain Price = $302.95  | College Bookstore Wholesale Price = $227.25
  • Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access
    List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00


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

Test Bank  (ISBN-10: 1133495699 | ISBN-13: 9781133495697)

Thoroughly revised for currency and accuracy, the macroeconomics test bank contains over 3,600 questions in multiple-choice and true-false formats. All multiple-choice questions are rated by degree of difficulty, and are labeled with AACSB compliance tags.

Aplia™, 1 term Instant Access  (ISBN-10: 1133495877 | ISBN-13: 9781133495871)

Aplia saves instructors valuable time they’d otherwise spend on routine grading while giving students an easy way to stay on top of coursework with regularly scheduled assignments. These assignments have been developed for a range of textbooks and are easily customized for individual teaching schedules. Currently, Aplia supports college-level courses and has been used by more than 1,000,000 students at over 1,300 institutions. Aplia’s economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285424948 | ISBN-13: 9781285424941)

Aplia significantly improves outcomes and elevates thinking by increasing student effort and engagement. Developed by teachers and used by more than 1,000,000 students Aplia assignments connect concepts to the real world and focus on the unique course challenges facing students.

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1285189434 | ISBN-13: 9781285189437)

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

MindTap® Economics, 1 term (6 months) Instant Access for McEachern's Macroeconomics: A Contemporary Approach  (ISBN-10: 1285512383 | ISBN-13: 9781285512389)

MindTap™ Economics for McEachern's Macroeconomics: A Contemporary Approach, 10th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie cutter into cutting edge, apathy into engagement, and memorizers into higher-level thinkers.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

MindTap® Economics, 1 term (6 months) Printed Access Card  (ISBN-10: 1285514335 | ISBN-13: 9781285514338)

MindTap™ Economics for McEachern's Macroeconomics: A Contemporary Approach, 10th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie cutter into cutting edge, apathy into engagement, and memorizers into higher-level thinkers. Access to this product is valid for 6 months of usage.

List Price = $125.00  | College Bookstore Wholesale Price = $93.75

Instructor’s Manual  (ISBN-10: 1133495710 | ISBN-13: 9781133495710)

The Instructor’s Manual revised by Jana Cook of Oklahoma Christian University includes a detailed lecture outline and brief overview, a summary of main points, pedagogical tips that expand on points raised in the chapter and indicate use of PowerPoint slides, suggested answers to all end-of-chapter questions and problems, a list of additional readings, and optional Experiential Exercises. This Instructor’s Manual is intended for use with all 3 McEachern Economics, 10E versions.

Instructor's Resource CD-ROM  (ISBN-10: 1133495761 | ISBN-13: 9781133495765)

Student Supplements

Aplia™, 1 term Instant Access  (ISBN-10: 1133495877 | ISBN-13: 9781133495871)

Aplia allows students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions. Aplia’s economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

Aplia™, 1 term Printed Access Card  (ISBN-10: 1133955223 | ISBN-13: 9781133955221)

Aplia allows students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions. Aplia’s economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

List Price = $125.00  | College Bookstore Wholesale Price = $93.75

Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285424948 | ISBN-13: 9781285424941)

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

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1285189434 | ISBN-13: 9781285189437)

Succeed in your economics course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

MindTap® Economics, 1 term (6 months) Instant Access for McEachern's Macroeconomics: A Contemporary Approach  (ISBN-10: 1285512383 | ISBN-13: 9781285512389)

MindTap™ Economics for McEachern's Macroeconomics: A Contemporary Approach, 10th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

MindTap® Economics, 1 term (6 months) Printed Access Card  (ISBN-10: 1285514335 | ISBN-13: 9781285514338)

MindTap™ Economics for McEachern's Macroeconomics: A Contemporary Approach, 10th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 6 months of usage.

List Price = $125.00  | College Bookstore Wholesale Price = $93.75

LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access  (ISBN-10: 1285587618 | ISBN-13: 9781285587615)

This access code will provide you with seamless access to your MindTap™ Economics resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285746597 | ISBN-13: 9781285746593)

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

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

LMS Integrated for Aplia™, 1 term Printed Access Card  (ISBN-10: 1285746600 | ISBN-13: 9781285746609)

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

List Price = $125.00  | College Bookstore Wholesale Price = $93.75

LMS Integrated for CengageNOW™, 1 term Instant Access  (ISBN-10: 1305104668 | ISBN-13: 9781305104662)

Have the tools you need to be successful A variety of tools are available in CengageNOW™, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

List Price = $125.00  | CengageBrain Price = $125.00  | College Bookstore Wholesale Price = $125.00

Meet the Author

Author Bio

William A. McEachern

Dr. William A. McEachern began teaching large sections of economic principles shortly after joining the University of Connecticut. Several years later he began offering teaching workshops around the country. The University of Connecticut Alumni Association conferred on him its Faculty Excellence in Teaching Award in 2000. He earlier won the Association's award for Distinguished Public Service. Dr. McEachern has published books and monographs on public finance, public policy, and industrial organization, including MANAGERIAL CONTROL AND PERFORMANCE (D.C. Heath and Company). His research has also appeared in edited volumes, such as READINGS IN PUBLIC CHOICE ECONOMICS (University of Michigan Press), INTERNATIONAL HANDBOOK ON TEACHING AND LEARNING ECONOMICS (Edward Elgar Publishing), and RETHINKING ECONOMIC PRINCIPLES (Irwin Publishing), He has also published in a variety of refereed journals, including Economic Inquiry, National Tax Journal, Quarterly Review of Economic and Business, Journal of Industrial Economics, Kyklos, Econ Journal Watch, and Public Choice. His principles of economics textbooks have been translated into Spanish, Chinese, and Bahasa Indonesia, and have been adapted for Australia and for India. He is the founding editor of THE TEACHING ECONOMIST, a newsletter that for a quarter of a century has focused on teaching economics at the college level. Dr. McEachern has advised federal, state, and local governments on policy matters and has been quoted in media such as the New York Times, Times of London, Wall Street Journal USA Today and Reader's Digest. He, earned an undergraduate degree with honors from College of the Holy Cross, served three years as a U.S. Army officer, and earned an M.A. and Ph.D. in economics from the University of Virginia.