Macroeconomics

Macroeconomics is the study of the fluctuations in the cycles of income and economic growth, unemployment, production and income distribution, inflation, and financial markets. Simply put, it is the study of aggregate supply and demand.

- ‘Work It Out Tutorials’ guide students through the process of applying economic analysis to solve a problem similar to the end-of- chapter problems found in the text. Choice-specific feedback and video explanations provide students with interactive assistance for each step of the problem.
- ‘Macro Models’ modules provide simulations of the models presented in the book. Students can change the exogenous variables and see the outcomes in terms of shifting curves and recalculated numerical values of the endogenous variables. Each module contains exercises that instructors can assign as homework.
- The inclusion of the ‘Fed Chairman Game’ created by the Federal Reserve Bank of San Francisco, allows students to become Chairman of the Fed and to make macroeconomic policy decisions based on news events and economic statistics. It gives students a sense of the complex interconnections that influence the economy. It is also fun to play!

New to this edition:
-‘Step-by-Step graphs’ are integrated into the e-book mirror how an instructor constructs graphs in the classroom.
- ‘Online-Only Problems’ written by Professor Mankiw includes dozens of new end-of-chapter problems that are available only in the digital version of Macroeconomics.
- New ‘EconoFact Memos with Unique Exercises’ are included in this edition. Since 2017, a number of prominent economists have collaborated to produce EconoFact, described as “a non-partisan publication designed to bring key facts and incisive analysis to the national debate on economic and social policies.”
- New and updated coverage throughout which covers the Covid19 pandemic and much more.
As always, the data presented in the text is fully updated and as current as possible.