Macroeconomics: Principles and Policy

by William J. Baumol

This macroeconomics text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application. Homework Xpress and Aplia are available with the Anniversary Tenth Edition and two new sets of end of chapter questions have been added as well to help students prepare for exams: "Test Yourself " and "Discussion Questions ."

Genres: Economics, Textbooks, Business, School

401 pages, Paperback

First published January 28, 1986

Reviews

[UT booklady · Rating 2 out of 5]

Probably one of my least favorite books. While it was interesting learning about markets, the economy and all the factors that contribute to supply and demand in this country...the way in which it was written was NOT introductory level. Granted, that may not be the authors fault this book was selected for an introductory course in macroeconomics but the jargon and industry terminology used in the book were extremely difficult to understand in some parts. I did not really enjoy the class or the book, even though I learned a little. Would've preferred a lot more explanations and references, less graphs.

[Phil · Rating 3 out of 5]

A textbook. Not much to say.

[Andrewcharles420 · Rating 2 out of 5]

Examples all from pre-2001 (and it used a lot of examples)... decent intro to the field though.