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A cornerstone, Macroeconomics: Private and Public Choice is considered to be the best existing principles of economics textbooks emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking and its application to the world around us. Macroeconomics: Private and Public Choice has an amazing approach to...
A cornerstone, Macroeconomics: Private and Public Choice is considered to be the best existing principles of economics textbooks emphasizing free markets. The strengths of this text are its clarity, emphasis on the economic way of thinking and its application to the world around us. Macroeconomics: Private and Public Choice has an amazing approach to introducing students to a moderate amount of economic data analysis while applying the concept to a real-world story. This edition had added a new introductory Chapter 4 "Supply and Demand: Applications and Extensions" allowing the instructor a second full chapter to help develop the basic foundation of supply and demand. Chapter 5 "The Economic Role of the Government" and Chapter 6 "The Economics of Collective Decision Making" now stress the role of government and the economics of collective decision making. Chapter 16 "Economic Growth" integrates growth into the macroeconomic coverage. At the end of the text are extra Applications and Special Topics that allow instructors to include a more involved application in classroom discussions. The authors continue to succeed at enabling students to understand the basic concepts and apply those concepts that are central to the principles of economics class.
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