Macroeconomics: Principles, Applications, and Tools

by Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez

O’Sullivan/Sheffrin makes use of Active Learning Tools which get readers involved in role-playing, help them apply concepts, and offer reinforcement of the material. The books hallmark feature includes a focus on the 5 Key Principles of 1) Opportunity Cost, 2) The Marginal Principle (comparing marginal benefits and marginal costs), 3) Diminishing Returns, 4) The Spillover Principle (for externalities in production and consumption), and, 5) The Reality Principle (distinguishing real from nominal magnitudes). For economists, financial analysts and other finance professionals.

Genres: Economics, Nonfiction, Business

432 pages, Perfect Paperback

First published January 1, 1997

About the author

Arthur O'Sullivan is an economist. Currently, he is a Professor of Economics at Lewis & Clark College. He has written several college textbooks on economics.

Reviews

[Bathed In Sin · Rating 1 out of 5]

This book was awful. Did a terrible job explaining a thing. It leaves me with way more questions and a hell of a lot of confusion... No answers to be had from this

[Catherine · Rating 4 out of 5]

As far as textbooks go, this one wasn't terrible. Read it all the way through, and had no problems understanding concepts and applications.

[Ahmed Shams eldien lela · Rating 5 out of 5]

I road the seventh edition of it translated in Arabic, i found it so useful, easy explanation of a lot of things about Macroeconomic and Economy science as whole.