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Principles of Macroeconomics with Student Resource Access 12 Months

Principles of Macroeconomics with Student Resource Access 12 Months

by Joshua GansGregory N. Mankiw Robin Stonecash and others
Publication Date: 19/09/2017
RRP  $149.95 $126.25
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The brief and student-friendly approach of this book boils economics down to its essentials, by considering what is truly important for students to learn in their first course in economics.

In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues – including the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, and monetary and fiscal policy. Continuing global financial uncertainty and the current state of the Australian economy provide a constant supply of new material, re-evaluated models, and policy changes and updates for the Principles of Macroeconomics text.

The book emphasises the material that students should and do find interesting about the study of the economy, resulting in a focus on applications and policy, and less on formal economic theory.

Principles of Macroeconomics, 7e encourages students to make their own judgements by presenting both sides of the debate on five controversial issues facing policymakers: the proper degree of policy activism in response to the business cycle, the choice between rules and discretion in the conduct of monetary policy, the desirability of reaching zero inflation, the importance of balancing the government’s budget, and the need for tax reform to encourage saving.

This edition is supported with rich digital resources including MindTap, Aplia, and CourseMate, comprising flashcards, graphing workshops, games, quizzes, and videos, as well as referring students to the online Search me! database.

  • Prominent economists with extensive undergraduate teaching experience have written a student-friendly text that explains clearly and explores contemporary issues. Applications and policy appear alongside formal economic theory
  • Chapter objectives define and reinforce content, while quick quizzes allow students to check their comprehension after they read each major section. Key concepts are listed at the end of the chapter and defined in the margin to help students grasp new terminology.
  • End-of-chapter Summaries, Questions for Review as well as Problems and Applications to reinforce chapter content and encourage critical thinking
  • Chapter focusing on the GFC written by an Australian economist
  • Current cases provide practical illustrations of important concepts
  • *NEW* NUMEROUS NEW AND UPDATED "IN THE NEWS," "FYI," AND "CASE STUDY" BOXED FEATURES HIGHLIGHT RECENT AND SIGNIFICANT MICROECONOMIC EVENTS. You and your students stay up to date on the today’s economic changes and developments as these features highlight events that have made headlines and their significance on macroeconomic decisions today.
  • ‘FYI’ boxes present additional material designed to enhance the concepts covered in each chapter.
New to Edition
  • Now with MindTap, a personalised learning platform for students to engage, learn, apply, extend, revise and assess their economics knowledge
  • Refreshed topical information on the GFC, 'Global Financial Crisis 2008 and beyond', in light of the European debt crises, austerity and stimulus
  • Updated cases and economic data keeps the material current and relevant for students
  • New multiple choice questions to test student knowledge and comprehension
Publication Date:
Cengage Learning Australia
Country of origin:
7th Edition
Joshua Gans

Joshua Gans is Professor of Strategic Management and the holder of the Jeffrey S. Skoll Chair of Technical Innovation and Entrepreneurship at Toronto's Rotman School of Management.

Gans is a frequent contributor to outlets like the New York Times, Harvard Business Review, Forbes, Slate, and the Financial Times. Joshua also writes regularly at several blogs including Digitopoly.

Stephen King

Stephen King is the author of more than fifty books, all of them worldwide bestsellers. His recent work includes Sleeping Beauties (co-written with his son Owen King), the short story collection The Bazaar of Bad Dreams, the Bill Hodges trilogy End of Watch, Finders Keepers, and Mr. Mercedes (an Edgar Award winner for Best Novel, and shortlisted for the CWA Gold Dagger Award).

Many of King's books have been turned into celebrated films, television series and streamed events including The Shawshank Redemption, Gerald's Game and It.

King is the recipient of the 2014 National Medal of Arts and the 2003 National Book Foundation Medal for Distinguished Contribution to American Letters. He lives in Bangor, Maine, with his wife, novelist Tabitha King.

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