Warren Buffet once said, “Economics tends to put people to sleep.” While it is true that economic analysis is often a difficult and complex subject, Principles of Macroeconomics delivers content in a manner that is exciting, relevant, and useful. Using current events, real-time macroeconomic analysis, and unique problems, readers will be left with a solid grasp of macroeconomic fundamentals. Today, economic methodology and solutions are more valuable than ever as many countries are facing major economic issues including slow economic growth, income inequality, and sovereign debt crises. There can be no doubt that the Great Recession has left its permanent mark on the field of macroeconomics. This book provides some background of the financial crisis and demonstrates how a bank with $8 billion in cash can go bankrupt. Unlike any other principle book, this title uses many videos from YouTube, TheOnion.com, and TED to supplement chapter content. Also, many chapters contain “survival kits” and include additional readings to help students understand topics in more depth. The second edition of this book offers updates to the content and four new chapters. This book is about analyzing twenty-first century problems with the twenty-first century student in mind.
