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For the two-semester course in Principles of Macroeconomics.

An Introduction to the Functioning of the Economy and the Power and Breadth of Economics

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Macroeconomics, 12th Edition, Global Edition, come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way.

Principles of Macroeconomics, Global Edition

• Part I: Introduction To Economics
• 1. The Scope and Method of Economics
• 2. The Economic Problem: Scarcity and Choice
• 3. Demand, Supply, and Market Equilibrium
• 4. Demand and Supply Applications
• Part II: Concepts and Problems in Macroeconomics
• 5. Introduction to Macroeconomics
• 6. Measuring National Output and National Income
• 7. Unemployment, Inflation, and Long-Run Growth
• Part III: The Core of Macroeconomic Theory
• 8. Aggregate Expenditure and Equilibrium Output
• 9. The Government and Fiscal Policy
• 10. Money, the Federal Reserve, and the Interest Rate
• 11. The Determination of Aggregate Output, the Price Level, and the Interest Rate
• 12. Policy Effects and Cost Shocks in the AS/AD Model
• 13. The Labor Market in the Macroeconomy
• Part IV: Further Macroeconomics Issues
• 14. Financial Crises, Stabilization, and Deficits
• 15. Household and Firm Behavior in the Macroeconomy: A Further Look
• 16. Long-Run Growth
• 17. Alternative Views in Macroeconomics
• Part V: The World Economy
• 18. International Trade, Comparative Advantage, and Protectionism
• 19. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
• 20. Economic Growth in Developing Economies
• Part VI: Methodology
• 21. Critical Thinking about Research