Higher Education

Exploring Macroeconomics, 7th Edition

  • Robert Sexton Pepperdine University
  • ISBN-10: 1285859448  |  ISBN-13: 9781285859446
  • 704 Pages
  • Previous Editions: 2013, 2011, 2008
  • © 2016 | Published
  • College Bookstore Wholesale Price = $224.75

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About

Overview

Prepare students with a solid understanding of macroeconomic principles and how these principles affect their daily lives with Sexton's unique EXPLORING MACROECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, "back-to-basics" approach designed to encourage economic literacy and help students appreciate how macroeconomics impacts life today. The latest edition of this reader-friendly book includes new online learning tools, a visually appealing design, and the latest captivating content to encourage students to read and master the material. Packed with examples from current events and pop culture, EXPLORING MACROECONOMICS makes macroeconomic concepts less intimidating while conveying the real-world relevance of what students are learning. A wealth of helpful resources, including the leading Aplia™ online homework solution, MindTap™ online learning resources, and Write Experience, work together to further demonstrate macroeconomic applications in today's world. Throughout this course, the author shares and inspires in students the same excitement he felt when he took his first economics class.

Features and Benefits

  • LEADING APLIA™ ONLINE HOMEWORK MANAGEMENT SYSTEM ENCOURAGES INTERACTIVE LEARNING. Aplia™ offers a comprehensive collection of interactive macroeconomic problem sets, analysis, tutorials, and experiments that require students to take an active role in the learning process. Students benefit from hands-on applications without creating extra work for you. The system automatically grades and records homework and works with any learning management system.
  • CONTENT BUILDS ON WELL-KNOWN PRINCIPLES OF LEARNING AND MEMORY. Students are able to absorb the macroeconomic material more easily and completely with this book's proven approach. Each chapter includes several short sections of just three to six pages that present a macroeconomic concept and function as self-contained learning units. This approach offers greater flexibility for you and allows students to grasp and retain information more readily.
  • CHAPTERS HIGHLIGHT THE CONNECTION BETWEEN MACROECONOMICS AND EVERYDAY ISSUES. Students learn as they examine macroeconomics at work in intriguing topics such as sex on television, property rights, and song swapping. "In the News" synopses present relevant and thought-provoking news stories, and "Global Watch" features explore economic causes and implications of international current events. In addition, "Using What You've Learned" exercises challenge students to apply key concepts from the text.
  • APPEALING DESIGN AND ABUNDANT VISUALS KEEP READERS ENGAGED. This book's visual approach helps keep students immersed in macroeconomics and actively learning as the book's photos, graphs, tables, and charts illustrate, clarify, and reinforce key macroeconomic principles.
  • DYNAMIC WRITING STYLE BRINGS MACROECONOMIC PRINCIPLES TO LIFE. The author's intriguing approach helps students stay interested in the material, and the text's brief, easy-to-digest sections, built-in review questions, and frequent real-life examples and applications make learning macroeconomics easier and more effective.

Table of Contents

Part I: INTRODUCTION.
1. The Role and Method of Economics.
Appendix: Working with Graphs.
2. Eight Powerful Ideas.
3. Scarcity, Trade-Offs, and Production Possibilities.
Part II: SUPPLY AND DEMAND.
4. Demand, Supply, and Market Equilibrium.
5. Market in Motion and Price Controls.
6. Elasticities.
Part III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Finance and Public Choice.
Part IV: MACROECONOMIC FOUNDATIONS.
10. Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations.
11. Measuring Economic Performance.
12. Economic Growth in the Global Economy.
13. Financial Markets, Saving, and Investment.
Appendix: Calculating Present Value.
Part V: THE MACROECONOMIC MODELS.
14. Aggregate Demand and Aggregate Supply.
15. The Aggregate Expenditure Model.
Part VI: MACROECONOMIC POLICY.
16. Fiscal Policy.
17. Money, Banking, and the Federal Reserve System.
18. Monetary Policy.
19. Issues in Macroeconomic Theory and Policy.
Part VII: THE GLOBAL ECONOMY.
20. International Trade.
21. International Finance.

What's New

  • NEW GRAPHING FLASH CARDS ASSIST IN THE STUDY AND MASTERY OF ECONOMIC GRAPHS. These new Graphing Flash Cards, available on MindTap™, enable students to study and test their understanding of economic graphs in the book. The Graphing Flash Cards are digital, interactive flash cards adapted to work with this edition's graphs, questions, and answers.
  • NEW FREQUENTLY MISSED TEST QUESTIONS (FMTQs) HELP PINPOINT POSSIBLE AREAS OF CHALLENGE. Available on MindTap™, the FMTQs represent the macroeconomic concepts and questions most often missed by students. The book's author, Dr. Robert Sexton, provides helpful short videos that further explain and clarify these areas of possible confusion for students.
  • NEW ADAPTIVE TEST PREP HELPS STUDENTS PREPARE FOR TEST SUCCESS. The Adaptive Test Prep on MindTap™ provides a variety of multiple-choice questions to help students further prepare for a quiz or an exam. The Adaptive Test Prep offers a detailed analysis of areas of strengths and weaknesses to better assess a student's individual needs.
  • NUMEROUS NEW STORIES AND VIBRANT EXAMPLES REFLECT CURRENT EVENTS AND DEVELOPMENTS. Students see macroeconomics in practice through memorable examples such as how Chilean bus drivers respond to incentives, how fishermen in Mumbia use cell phones, Venezuelan price controls, and housing prices in Houston and New York City.
  • THE LATEST CONTENT HIGHLIGHTS RECENT MACROECONOMIC AND BUSINESS DEVELOPMENTS THROUGHOUT THE BOOK AND SUPPLEMENTS. Students learn from examples and data that reflect the most recent changes and macroeconomic advancements within the book, and the Electronic Test Bank, PowerPoint® slides, and Instructor's Manual help you reinforce these timely principles and applications.

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

ISBN-10: 1337122831  | ISBN-13: 9781337122832

List Price = $311.95  | CengageBrain Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics
    List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00


ePack: Text + Aplia™, 1 term Instant Access

ISBN-10:  1337122785  | ISBN-13:  9781337122788

List Price = $311.95  | CengageBrain Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics
    List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00


ePack: Text + Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access

ISBN-10:  1337079928  | ISBN-13:  9781337079921

List Price = $311.95  | CengageBrain Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics
    List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00


Bundle: Text + Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Printed Access Card

ISBN-10:  1337077739  | ISBN-13:  9781337077736

List Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Printed Access Card
    List Price = $126.00  | College Bookstore Wholesale Price = $94.50


ePack: Text + LMS Integrated for Aplia™, 1 term Instant Access

ISBN-10:  1337122920  | ISBN-13:  9781337122924

List Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • LMS Integrated for Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics
    List Price = $126.00  | College Bookstore Wholesale Price = $126.00


ePack: Text + LMS Integrated for Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access

ISBN-10:  1337122858  | ISBN-13:  9781337122856

List Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • LMS Integrated for Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics
    List Price = $126.00  | College Bookstore Wholesale Price = $126.00


ePack: Text + LMS Integrated for Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access

ISBN-10:  1337122882  | ISBN-13:  9781337122887

List Price = $318.95  | College Bookstore Wholesale Price = $239.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • LMS Integrated for Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics
    List Price = $136.00  | College Bookstore Wholesale Price = $136.00


ePack: Text + Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access

ISBN-10:  1337122815  | ISBN-13:  9781337122818

List Price = $318.95  | CengageBrain Price = $318.95  | College Bookstore Wholesale Price = $239.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics
    List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00


ePack: Text + LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access

ISBN-10:  1337079421 | ISBN-13:  9781337079426

List Price = $311.95  | CengageBrain Price = $311.95  | College Bookstore Wholesale Price = $234.75

This Bundle Includes:

  • Exploring Macroeconomics
    List Price = $298.95  | CengageBrain Price = $298.95  | College Bookstore Wholesale Price = $224.75
  • LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics
    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

Cengage Learning Testing, powered by Cognero® Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 130539951X | ISBN-13: 9781305399518)

Cengage Learning Testing powered by Cognero® is a flexible, online system that allows you to: import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want.

Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404343 | ISBN-13: 9781305404342)

This leading homework solution offers a fully integrated, comprehensive online system with interactive problem sets, analyses, tutorials, experiments, and critical-thinking exercises that give students hands-on application without adding to your workload. Based on discovery learning, Aplia™ requires students to take an active role in the learning process--helping them improve their understanding of macroeconomics and their ability to relate to the macroeconomic concepts presented in this edition. You can assign homework that is automatically graded and recorded.

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

Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305116267 | ISBN-13: 9781305116269)

Write Experience is the first solution in higher education to help your macroeconomics students write effectively without adding to your workload. Offered through an exclusive agreement with Vantage Learning, creator of the software used for GMAT® essay grading, based on their writing voice, style, format, and originality, Write Experience evaluates students' answers for a select set of assignments. Write Experience uses artificial intelligence to score students' writing instantly and accurately. It also provides students with detailed revision goals and feedback on their writing.

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

Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 130540436X | ISBN-13: 9781305404366)

Aplia™ leading homework solution offers a fully integrated, comprehensive online system with interactive problem sets, analyses, tutorials, experiments, and critical-thinking exercises that give students hands-on application. Aplia™ helps students take an active role in the learning process to improve their understanding of macroeconomics. Write Experience helps students write more effectively without adding to your workload.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404416 | ISBN-13: 9781305404410)

MindTap™ is a fully online, highly personalized learning experience that combines student learning tools--readings, multimedia, activities, and assessments--into a singular Learning Path that guides students through your course. You can personalize the experience by customizing the macroeconomics content and learning tools and even adding your own content. Apps integrate into the MindTap™ framework seamlessly with the Learning Management Systems you already use.

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

LMS Integrated for Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404440 | ISBN-13: 9781305404441)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

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

LMS Integrated for Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404424 | ISBN-13: 9781305404427)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

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

LMS Integrated for Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404432 | ISBN-13: 9781305404434)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $136.00  | College Bookstore Wholesale Price = $136.00

LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305496035 | ISBN-13: 9781305496033)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

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

Student Supplements

Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404343 | ISBN-13: 9781305404342)

This best-selling online homework solution offers a fully integrated, comprehensive online system with interactive problem sets, analyses, tutorials, experiments, and critical-thinking exercises to give you hands-on application. Based on discovery learning, Aplia™ requires that you take an active role in the learning process--helping you improve your macroeconomic understanding and ability to relate to the macroeconomic concepts presented. Aplia™ has been fully updated to reflect the changes in this edition of the text.

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

Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305116267 | ISBN-13: 9781305116269)

Write Experience helps you write effectively as the program automatically, instantly, and accurately scores your writing and provides detailed revision goals and feedback.

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

Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 130540436X | ISBN-13: 9781305404366)

This best-selling online homework solution offers a fully integrated, comprehensive online system with interactive problem sets, analyses, tutorials, experiments, and critical-thinking exercises to give you hands-on application. With Aplia™, you take an active role in the learning process, helping you improve your understanding of macroeconomics. Write Experience helps you write effectively as the program automatically, instantly, and accurately scores your writing and provides detailed revision goals and feedback.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404416 | ISBN-13: 9781305404410)

MindTap™ Economics for Sexton's Exploring Macroeconomics, 7th 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 = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

LMS Integrated for Aplia™, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404440 | ISBN-13: 9781305404441)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

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

LMS Integrated for Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404424 | ISBN-13: 9781305404427)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

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

LMS Integrated for Aplia™ with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305404432 | ISBN-13: 9781305404434)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $136.00  | College Bookstore Wholesale Price = $136.00

LMS Integrated for MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Macroeconomics  (ISBN-10: 1305496035 | ISBN-13: 9781305496033)

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

Meet the Author

Author Bio

Robert Sexton

A distinguished professor of economics at Pepperdine University's Seaver College, Dr. Robert Sexton is a graduate of California Lutheran College. He received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released ESSENTIALS OF ECONOMICS and SURVEY OF ECON published by Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Dr. Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.