Part One Introduction Chapter 1 What Is Economics? Chapter 2 The Economic Problem   Part Two How Markets Work Chapter 3 Demand and Supply   Part Three Monitoring Macroeconomic Performance Chapter 4 Measuring GDP and Economic Growth Chapter 5 Monitoring Jobs and Inflation   Part Four Macroeconomic Trends Chapter 6 Economic Growth Chapter 7 Finance, Saving, and Investment Chapter 8 Money, the Price Level, and Inflation Chapter 9 The Exchange Rate and the Balance of Payments   Part Five Macroeconomic Fluctuations Chapter 10 Aggregate Supply and Aggregate Demand Chapter 11 Expenditure Multipliers Chapter 12 The Business Cycle, Inflation, and Deflation   Part Six Macroeconomic Policy Chapter 13 Fiscal Policy Chapter 14 Monetary Policy Chapter 15 International Trade Policy

This title is also available with Pearson MyLab Economics MyLab Economics is an online homework, tutorial, and assessment program constructed to work with this text to engage students and improve results. It was designed to help students develop and assess the skills and applicable knowledge that they will need to succeed in their courses and their future careers. Digital Interactives - Economic principles are not static ideas, and learning them shouldn’t be either! Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and application of key economic principles. Question Help - MyLab Economics homework and practicequestions are correlated to the textbook,and many generate algorithmicallyto give students unlimited opportunityfor mastery of concepts. If students getstuck, Learning Aids including Help MeSolve This and eText Pages walk themthrough the problem and identify helpfulinformation in the text, giving themassistance when they need it most. Dynamic Study Modules help students study chapter topics effectively on their own by continuously assessing their knowledge application and performance in real time. These are available as prebuilt Prepare assignments, and are accessible on smartphones, tablets, and computers. Pearson eText enhances student learning - both in and outside the classroom. Worked examples, videos, and interactive tutorials bring learning to life, while algorithmic practice and self-assessment opportunities test students’ understanding of the material. Accessible anytime, anywhere via MyLab or the app. The MyLab Gradebook offers an easy way for students and instructors to view course performance. Item Analysis allows instructors to quickly see trends by analyzing details like the number of students who answered correctly/incorrectly, time on task, and median time spend on a question by question basis. And because it’s correlated with the AACSB Standards, instructors can track students’ progress toward outcomes that the organization has deemed important in preparing students to be leaders. Solving Teaching and Learning Challenges   To change the way students see the world: this is our goal in teaching economics, in writing this book, and in playing a major role in creating content for MyLab Economics. Three facts about students are our guiding principles. First, they want to learn, but they are over-whelmed by the volume of claims on their time and energy. So, they must see the relevance to their lives and future careers of what they are being asked to learn. Second, students want to get it, and get it quickly. So, they must be presented with clear and succinct explanations. And third, students want to make sense of today’s world and be better prepared for life after school. So, they must be shown how to apply the timeless principles of economics and its models to illuminate and provide a guide to understanding today’s events and issues, and the future challenges they are likely to encounter.   1. Making Economics Real  The student needs to see economics as a lens that sharpens the focus on real-world issues and events,and not as a series of logical exercises with no real purpose. Economics in the News and At Issue are designed to achieve this goal.   Each chapter opens with a student-friendly vignette that raises a question to motivate and focus the chapter. The chapter explains the principles, or model, that address the question and ends with an Economics in the News application that helps students to think like economists by connecting chapter tools and concepts to the world around them. All these news exercises are in MyLab with instant targeted feedback and auto-grading and constant uploading of new current exercises.   In many chapters, an additional briefer Economicsin the News presents a short news clip, supplemented by data where needed, poses some questions, and walks through the answers.   Five At Issue boxes, one of which is new, engage the student in debate and controversy. An At Issue box introduces an issue and then presents two opposing views. It leaves the matter unsettled so that students and the instructor can continue the argument in class and reach their own conclusions.   Interviews with leading economist, whose work correlates to what the student is learning, are the final component of making economics real. These interviews explore the education and research of prominent economists and their advice for those who want to continue studying the subject.   2. Learning the Vocabulary Learning the vocabulary isn’t exciting, but it is the vital first step to every discipline and it needs to be effective and quick. Highlighted key terms simplify this task. Each key term is defined in the sentence in which it it highlighted and appears in an end-of-chapter list and the end-of-book glossary (both with its page number); boldfaced in the index; and in MyLab Economics.   3. Showing the Action and Telling the Story Through the past nine editions, this book has set the standard of clarity in its diagrams; the tenth edition continues to uphold this tradition. Our goal is to show “where the economic action is.” The diagrams in this book continue to generate an enormously positive response, which confirms our view that graphical analysis is the most powerful tool available for teaching and learning economics at the principles level.   Recognizing that some students find graphs hard to work with, we have developed the entire art program with the study and review needs of the student in mind. The diagrams feature: Axes that measure and display concrete real-world data, and where possible and relevant, the most recent data Graphs paired with data tables from which curves are plotted Original curves consistently shown in blue Shifted curves, equilibrium points, and other important features highlighted in red Color-blended arrows to indicate movement Diagrams labelled with boxed notes that tell the story Extended captions that make each diagram and its caption a self-contained object for study and review 4. Learning Interactively–Learning by Doing At the end of every chapter section, a Review Quiz invites the student to rework the section with questions that cover the key ideas. A parallel set of questions in MyLab Study Plan enable the student to work the questions and get instant targeted feedback.   As part of the chapter review, the student has an opportunity to work a multi-part problem that covers the core content of the chapter and consists of questions, solutions, key points, and a key figure. This feature increases the incentive for the student to learn-by-doing and review the chapter actively, rather than passively. The worked problems are also available in MyLab Study Plan along with interactive animations of the problem’s key figure.

This title is also available with Pearson MyLab Economics This title is also available with MyLab Economics - an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. New to the 10th Canadian Edition All data figures, tables, and explanations thoroughly updated to the latest available; five main content changes; 21 new Economics in the News items based on recent events and issues; almost 80 new news-based problems and applications; and all seamlessly integrated with MyLab Economics and Pearson eText: These are the hallmarks of this tenth edition of Macroeconomics.   Chapter 1 now contains an entirely new section, “Economists in the Economy”, which describes the types of jobs available to economics majors, their earnings compared with majors in other related areas, and the critical thinking, analytical, math, writing, and oral communication skills needed for a successful career in economics.   Chapter 2 has a new section prompted by the ongoing concern about the rust-belt economy, its causes and cures, which describes and illustrates the changing patterns of production as an economy expands, and explains how technical change and economic growth first shrinks the share of agriculture as manufacturing expands and later shrinks the share of manufacturing as services expand.   The new Economics in the News features are listed on the back inside cover. They are all chosen to address current issues likely to interest and motivate the student. An example is the one in Chapter 2 on expanding production possibilities of a B.C. First Nation.