Macroeconomic Essentials: Understanding Economics in the News

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Peter E. Kennedy Jay Prag (Clinical Associate Professor, Claremont Graduate University)

Macroeconomic Essentials

Understanding Economics in the News

Peter E. Kennedy, Jay Prag (Clinical Associate Professor, Claremont Graduate University)

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English

MIT Press
11 August 2017

Macroeconomics

Series: Macroeconomic Essentials

"The new edition of a concise and nontechnical but rigorous introductory text that emphasizes fundamental concepts and real-world applications, thoroughly revised and updated.

This introductory text offers an alternative to the encyclopedic, technically oriented approach taken by traditional textbooks on macroeconomic principles. Concise and nontechnical but rigorous, its goal is not to teach students to shift curves on diagrams but to help them understand fundamental macroeconomic concepts and their real-world applications. It accomplishes this by providing a clear exposition of introductory macroeconomic theory along with more than 700 one- or two-sentence ""news clips,"" based on economics media coverage, as illustrations or student exercises. Although the writing is accessible, end-of-chapter questions are challenging, requiring a thorough understanding of related macroeconomic concepts, critical-thinking skills, and an ability to make connections to the real world.

This fourth edition has been thoroughly revised and updated, with new material on such topics as aggregate supply and demand, supply-side models, recent issues faced by the Federal Reserve, the role of government, and ""burst bubbles."" The more challenging end-of-chapter questions are separated out, and news clip questions have been added that refer to recent events. Optional chapter appendixes offer technical material; other appendixes provide answers to sample exam questions and to even-numbered end-of-chapter questions. Text boxes (""curiosities"") offer short expositions of related topics. The book can be used as a text for principles of macroeconomics and applied macroeconomics courses, as a supplementary text for a traditional macro-principles course, or for MBA macroeconomics courses."

By: Peter E. Kennedy, Jay Prag (Clinical Associate Professor, Claremont Graduate University)
Imprint: MIT Press
Country of Publication: United States
Edition: fourth edition
Dimensions: Height: 229mm, Width: 203mm, Spine: 21mm
ISBN: 9780262533348
ISBN 10: 0262533340
Series: Macroeconomic Essentials
Pages: 472
Publication Date: 11 August 2017
Recommended Age: From 18 years
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

The late Peter E. Kennedy was Professor Emeritus of Economics at Simon Fraser University. Jay Prag is Clinical Full Professor at Claremont Graduate University's Drucker School of Management. He is the coauthor (with Peter E. Kennedy) of Macroeconomic Essentials, fourth edition (MIT Press).