Principles of Macroeconomics v4.0 4th Edition – PDF/EPUB Version Downloadable

This new version of Principles of Macroeconomics welcomes a third co-author, Alan Grant, who brings fresh, classroom-based insights that enliven the text and bring it fully up to date. The two core premises of this book remain constant, however: Economics is a unified discipline and not a bewildering array of seemingly unrelated topics. As a result, Version 4.0 of this volume remains structured around the model of aggregate demand and aggregate supply. Basic macroeconomic principles are relevant to daily life and should be explained in everyday contexts. In this way, learners more readily perceive and understand the deeper meaning of core economic ideas. Engaging in-text applications and plentiful embedded video links are drawn from sports, politics, campus life, popular culture, and other familiar settings to illustrate the connections between theoretical principles and common experiences. Examples of the forward-looking perspective of Version 4.0 include new research on technological change and the wage gap, the impact of graduating college during an economic downturn, policies to reduce carbon emissions, and controversies surrounding the effectiveness of monetary and fiscal policy. This version also provides an up-to-date evaluation of the COVID-19 recession, including data-driven descriptions of the extraordinary policy response by the Federal Reserve and the government’s equally extraordinary fiscal response. There is also new discussion of the Chinese economy’s unprecedented economic growth and projections regarding the future pace of that growth. As in previous editions, there is an appropriate balance between current issues and historical context.