Principles of Macroeconomics, 2nd Edition (Sample Chapter)

How do we measure the size of an economy? Why do some economies grow while others stagnate? Why is deflation bad? What is the role of a central bank? Principles of Macroeconomics harnesses the power of active learning by offering a wide range of scenarios and questions that encourage students to think analytically (like economists!) through core macroeconomic topics. Interactive tools and assessments based on real-world examples, including new autograded graphs, showcase the challenges economists face in enacting policy based on data collected and analyzed at the national and international level. Students will gain a deep understanding of how the macroeconomy works in the context of their personal and professional lives.