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Macroeconomics

Fifth International Student Edition

Paperback

Our Retail Price:£52.50

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A FLEXIBLE APPROACH THAT ENGAGES STUDENTS WITH THE STORY OF ECONOMIC GROWTH

Jones introduces growth early and thoroughly to engage students with the possibilities and power of macroeconomics. He first gives a thorough and intuitive discussion of the production model and uses this to help students understand differences in GDP across countries. Then in Chapters 5 and 6, he combines the Solow model with complete, accessible coverage of the Romer model, helping students understand growth through innovation. Though Jones covers the long-run early in the text, the table of contents is designed to be flexible. Instructors can choose to teach topics in the order that works best for their students.

EXPLAINS THE SHORT RUN WITH A NEWER AND MORE INTUITIVE MODEL— ISMP

Jones uses the less complex but more modern ISMP short-run model that focuses on the Federal Reserve’s role in setting interest rates. Jones also always assumes an open economy to further simplify this approach. Since this model is easier to teach and understand than the more traditional ISLM approach, professors can move more quickly into teaching applications chapters of their choice.

CURRENT AND RELEVANT, WITH EXAMPLES AND CASE MATERIAL DESIGNED TO REFLECT RECENT EVENTS

Macroeconomics can be difficult because students can’t “see” it happening like they can with microeconomics. Jones uses current examples, data and cases to ground these ideas in long-term trends seen in current events.

THE BEST TEXT FOR INSTRUCTORS TEACHING WITH AN INTERNATIONAL FOCUS

Jones emphasises the world economy in three ways: early coverage of long-run growth, use of the open economy in the short run and two chapters at the end of the text on international trade and international finance.

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