What do we want our students to be able to do upon finishing an introductory course in macroeconomics - shift curves on diagrams or interpret media commentary on the economy? This e book, an effort to guide students in the latter path, provides a transparent exposition of introductory macroeconomic theory together with more than 600 one- or two-sentence "news clips" that function illustrations and exercises. The author calls this approach "media economics" to differentiate it from the encyclopaedic character of traditional texts. The e book supplies a information to what the author calls the "really essential" concepts of macroeconomics, with a robust connection to the true world. Thus many instructors ought to discover the e-book suitable to be used in programs enrolling business students. The tactic of presentation permits room for topics which can be essential for the interpretation of stories commentary, but given inadequate protection in traditional macroeconomics texts. Examples include the various roles of nominal versus real rates of interest, and worldwide phenomena resembling purchasing energy parity. Despite its nontechnical presentation, the fabric in the book is kind of challenging for college students; to reply questions primarily based on the news clips, college students should really perceive the economic ideas and apply problem-fixing skills moderately than rote learning. This textual content, in contrast to other financial texts, offers the students with a practical yet sophisticated grasp of the macroeconomic principles necessary to interpret media commentary. The second version has been revised and updated throughout.
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