Rudiger Dornbusch,
Late of MIT Stanley Fischer,
Bank of Israel Governor Richard Startz,
University of California—Santa Barbara
ISBN: 0078021839 Copyright year: 2014
Feature Summary
Big events" in macroeconomics: Chapters 21 & 22 covers the Great Depression, budget deficits, hyperinflation, and social security. Students will get a background on these important economic events and will learn principles which are harder to identify in smoothly running economies.
Internet sources: Students are encouraged to access data and other material online, giving them additional sources for research and experience using the Web in economics.
Middle-of-the-road approach: Discussions emphasize both the potential and limitations of economic policy. While the lively macroeconomic controversies are explained, the authors remain neutral in their approach.
Focus on models: A model-based approach to macroeconomic analysis is employed to demonstrate how various models are connected with the goal of giving students the capacity to analyze current economic issues in the context of an economic frame of reference.
More state-of-the-art research: The authors continue to include more state-of-the-art research than is usually found in undergraduate texts. They make this material accessible by stressing concepts over technique.
Strong international coverage: Maintaining traditionally strong international coverage, this text offers extensive international orientation for an increasingly globalized world. The book continues to be used and respected overseas.
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2014 McGraw-Hill Higher Education