Macroeconomics, Global Edition

11th Edition

By: Andrew Abel, Dean Croushore, Ben Bernanke

Write A Review

Paperback | 21 June 2023 | Edition Number 11

At a Glance

Paperback
696 Pages

Dimensions(cm)
20.4 x 25.4 x 2.9

New Edition

Published: 9th March 2020

Paperback

RRP $235.50

$203.80

13%OFF

or 4 interest-free payments of $50.95 with

or

In Stock and Aims to ship in 1-2 business days

Macroeconomics presents macroeconomic theory in a big-picture way. The text focuses on a single model, to provide you with a clear understanding of macroeconomics and its classical and Keynesian assumptions. Comprehensive coverage helps you analyze real macroeconomic data that real policy makers and researchers use.

The 11th Edition features new coverage, applications, and problems throughout. It also reflects recent events and developments in the field, such as the recent COVID-19 pandemic and the tools used by the Federal Reserve in response.

Hallmark features of this title

A unified framework uses a single model, built from a set of core economic ideas (i.e., the production function, the trade-off between consuming today and saving for tomorrow, and supply/demand analysis), to introduce macroeconomic theories and concepts.
A balanced presentation of classical and Keynesian economics lets students see the complete picture of economic theory. A flexible organization gives professors the flexibility to teach the course their way.
Key diagrams in each chapter help students identify the most critical ideas.
A series of full color graphs illustrate the historical movements of key economic variables.
Extensive end-of-chapter problem sets help reinforce learning.

New and Updated Features

NEW: Coverage of important issues related to the 2020 pandemic includes changes in private saving (Ch. 2), a comparison of pandemic vs. financial crisis affecting U-3 and U-6 measures of the unemployment rate (Ch 3), the unusual nature of the recession (Ch. 8), the Fed's flexible inflation targeting policy and the increase in the inflation rate that followed (Ch. 12), the Fed's monetary policy response (Ch. 14), and the Fed's new operating procedures with abundant reserves (Ch. 15).
EXPANDED: Material delves into more detail on topics like developments in the gig economy (Ch. 3).
NEW: Applications in every chapter show students how they can use theory to understand an important episode or issue. New ones feature the impact of the pandemic on consumption (Ch. 4).
UPDATED: In Touch with Data and Research boxes ask students to find and interpret macro data, like economists would in their careers.

About the Authors

Andrew B. Abel is Ronald A. Rosenfeld Professor of Finance at The Wharton School and professor of economics at the University of Pennsylvania. He received his AB summa cum laude from Princeton University and his PhD from the Massachusetts Institute of Technology.

Ben S. Bernanke is currently Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution. In 2022, he was one of the winners of the Nobel Prize in Economics for his research on banks and financial crises, which helped lay the foundations for financial market regulation.

Dean Croushore is professor of economics and Rigsby Fellow at the University of Richmond. He received his AB from Ohio University and his PhD from Ohio State University.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.