Macroeconomics

The economy is tough — but understanding macroeconomics doesn't have to be. In fact, opening the world of economics can be exciting with Arnold's popular Macroeconomics, 14E.

Economic tools, new thinking and theories show you how macroeconomic forces impact daily events and form an important part of life 24/7. Current, everyday macroeconomic examples and updated discussions and learning features illustrate many unexpected places economics can occur.

You learn what money is and isn't, how supply and demand play out on a freeway, how a person pays for good weather and why some countries are rich while others are poor. A new chapter examines the economic forces behind creative destruction and crony capitalism.

Revised coverage of the Federal Reserve System reviews changes in monetary policy. Digital video lectures and digital features guide you in understanding macroeconomic diagrams and building graphs, while online MindTap, Aplia and A+ Test Prep help you assess your understanding.

About the Authors

Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory. Dr. Arnold earned his B.S. in economics from the University of Birmingham in England. He received his Ph.D. in economics from Virginia Tech.

Dr. Daniel Arnold is a research economist in the School of Public Health at University of California, Berkeley, where his field of specialization is health economics. He is also research director of the Nicholas C. Petris Center on Health Care Markets and Consumer Welfare. He received his B.A. in economics and mathematics from Cornell University. He received his Ph.D. in economics from University of California, Santa Barbara.

Dr. David Arnold is at University of California, San Diego, where his fields of specialization are labor economics, imperfect competition, and discrimination. He received his B.A. in economics from University of California, Berkeley. He received his Ph.D. in economics from Princeton University.