Economics: Principles and Policy

by William J. Baumol, Alan S. Blinder

This 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 is 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 "Test Yourself" and "Discussion Questions".

Genres: Economics, Textbooks, Nonfiction, Business

832 pages, Hardcover

First published January 1, 1979

Reviews

[Jessica · Rating 2 out of 5]

Just so you all don't think I'm slacking and NOT reading! LOL!

[Rachel Lu · Rating 2 out of 5]

Way too simplistic and doesn’t go in-depth about many topics. Also, extremely confusing in chapter 37.

[Fran · Rating 5 out of 5]

Key Takeaways:
1. "elephants may never forget, but people do"
2. The paradox of thrift in action: Japan
3. The simple algebra of the multiplier