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The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. Macroeconomics aims to teach students how to apply economic principles to guide the decisions they make in their own lives. Uses real data – Highlights major economic concepts by using data from field experiments, lab experiments, naturally occurring data and government data. Relevant – The role of surge pricing in Uber driver supply and rider demand is discussed, helping students more deeply understand the markets that they personally use.

Macroeconomics, Global Edition

• Title Page


• Copyright Page


• Dedication


• About the Authors


• Brief Contents


• Contents


• Preface


• Acknowledgments


• Global Edition Acknowledgments


• Macroeconomics: Flexibility Chart


• 1. The Principles and Practice of Economics


• 1.1. The Scope of Economics


• Economic Agents and Economic Resources


• Definition of Economics


• Positive Economics and Normative Economics


• Microeconomics and Macroeconomics


• 1.2. Three Principles of Economics


• 1.3. The First Principle of Economics: Optimization


• Trade-offs and Budget Constraints


• Opportunity Cost


• Cost-Benefit Analysis


• Evidence-Based Economics: Is Facebook Free?


• 1.4. The Second Principle of Economics: Equilibrium


• The Free-Rider Problem


• 1.5. The Third Principle of Economics: Empiricism


• 1.6. Is Economics Good for You?


• Summary


• Key Terms


• Questions


• Problems


• 2. Economic Methods and Economic Questions


• 2.1. The Scientific Method


• Models and Data


• An Economic Model


• Evidence-Based Economics: How Much More do Workers with a College Education Earn?


• Means and Medians


• Argument by Anecdote


• 2.2. Causation and Correlation


• The Red Ad Blues


• Causation versus Correlation


• Choice & Consequence: Spend Now and Pay Later?


• Experimental Economics and Natural Experiments


• Evidence-Based Economics: How Much do Wages Increase when Mandatory Schooling Laws Force People to G


• 2.3. Economic Questions and Answers


• Summary


• Key Terms


• Questions


• Problems


• Appendix: Constructing and Inte