Ansel M. Sharp,
University of the South Charles A. Register,
Florida Atlantic University Paul W. Grimes,
Mississippi State University
ISBN: 0073511331 Copyright year: 2010
What's New
New Chapter 12 "Money, Banking, and the Financial System: Old Problems with New Twists": Chapter 12 is a new chapter on money, banking and the financial system. This new chapter provides an introduction to financial markets allowing for an examination of the financial crisis and its accompanying recession. This modification will provide instructors with all the tools necessary to explain and discuss these major economic events.
Revised and updated Chapter 13 "Unemployment and Inflation: Can We Find a Balance?": This new edition combines the topics of unemployment and inflation into one chapter. This reorganization will allow instructors the flexibility to use the recent macroeconomic problems as an opportunity to teach important lessons.
Updated economic issues: Chapter 2 includes updates on China's economic and social progress with special emphasis on its ongoing fight with pollution; Chapter 5 includes a discussion of the sociological statement implicitly being made when goods and/or services are made illegal; and Chapter 6 includes a revised summary of the latest available information on the effectiveness of voucher and charter school programs.
Updated data: All data found in the 19th edition has been thoroughly revised and updated with the latest available economic statistics. Additionally, the authors updated review questions and the recommended readings list to reflect new or modified content. The end-of-chapter list of websites points readers to original data sources for the latest figures released after publication.
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