Principles of Macroeconomics 12th Edition
For the two-semester course in Principles of Macroeconomics. An Introduction to the Functioning of the Economy and the Power and Breadth of Economics Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Macroeconomics, Twelfth Edition, Global Edition, come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way. MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. This title is also available with MyEconLab-an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.
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Business Economics builds on the authority, clarity and real-world relevance of Economics by N. Gregory Mankiw and Mark P. Taylor (two of the world’s leading economists) to create an introductory economics textbook fully focused on the curriculum and pedagogical needs of business economics students. Business Economics has a superb logical structure. The classic ten principles approach to economics is retained and right at the outset the text considers the business environment so immediately establishing the book’s business focus. Both microeconomics and macroeconomics are then comprehensively covered and each perspective is carefully mined for insights directly relevant to business economics students. A final part examines the implications of economic globalization for the conduct of business internationally. Business Economics is a global textbook with a particular focus on Europe, the Middle East and Africa; it is replete with examples from all these regions. This text is ideal for use on both business economics degrees and on business economics modules on business, engineering and social science courses at undergraduate level. It is also ideal for use on MBA courses.
Building on the success of previous editions, Economics, Twelfth Edition, has been thoroughly updated and revised. Rigorous yet also accessible to beginners, it provides comprehensive coverage of both introductory macroeconomics and microeconomics. The authors balance in-depth explanations of key theoretical concepts with a wide range of real-world examples drawn from around the globe. They incorporate numerous pedagogical features including highlighted definitions of economic terms, short revision questions, and updated end-of-chapter questions.
New to this Edition:
* Incorporates full coverage of the 2008 banking crisis and recession, featuring revised sections on banking, the financial system, and fiscal policy
* Integrates a broad range of international applied examples, including the cost of climate change, celebrity earnings, and global imbalances in the economy
* Includes more end-of-chapter questions
An updated and expanded Companion Website contains resources for students and instructors:
* Self-test questions
* Interactive chapters
* Web links
* Flashcard glossary
* Author’s blog
* Figures from the text
* Instructor’s Manual
* Animated PowerPoint-based slides
* Test bank
This book has a number of pedagogical features that offer the most current and widespread coverage of Malaysian economy. It is written to meet the increasing demand from undergraduate and graduate students to understand the developments in the Malaysian economy over the last 15 years. It provides a detailed exploration of Malaysia’s Macroeconomic structure and also the economic issues of concern to policymakers, academics and industry experts that have changed significantly.
Table of Contents
- Chapter 1. Overview of Malaysian Economy
- Chapter 2. Macroeconomic Policies
- Chapter 3. From Tin to Petroleum
- Chapter 4. Development of Agriculture
- Chapter 5. Industrial Policy and Industralization
- Chapter 6. Innovation and Technological Progress
- Chapter 7. Education and Human Capital Formation
- Chapter 8. Trade and Environment
- Chapter 9. Poverty and Income Distribution
- Chapter 10. Affirmative Action and Ethnic Inequality
- Chapter 11. Privatization of Infrastructure Services in Malaysia
About the Author
Mark P. Taylor is Professor of Economics at the University of Warwick. He obtained his first degree in philosophy, politics and economics from Oxford University. He then worked as a foreign exchange dealer in London for two years while simultaneously studying part-time for a master’s degree in economics at London University, from where he also holds a doctorate in economics. Professor Taylor has taught economics at various universities (including Warwick, Oxford, Marseille and New York), at various levels (from principles courses to advanced graduate and MBA courses) and in various fields (including macroeconomics, microeconomics and econometrics). He also worked for several years as a senior economist at the International Monetary Fund and before that at the Bank of England. His work has been extensively published in scholarly journals, such as the Journal of Political Economy and the Economic Journal, and he is today one of the most highly cited economists in the world in economic research. In addition, Professor Taylor has acted as an advisor to the International Monetary Fund, the World Bank, the Bank of England, the European Commission and to senior members of the UK government. He is a research fellow of the Centre for Economic Policy Research, a member of council of the Royal Economic Society, and a fellow of both the Royal Statistical Society and the Royal Society of Arts. Professor Taylor lives (with his wife and three children and his three dogs named Byron, Shelley and Aphra) near Kenilworth, Warwickshire (where he collects clocks and keeps bees). N. Gregory Mankiw is Robert M. Beren Professor of Economics and Chair of the Department of Economics at Harvard University. He studied economics at Princeton University and MIT. He has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals such as the AMERICAN ECONOMIC REVIEW, JOURNAL OF POLITICAL ECONOMY, and QUARTERLY JOURNAL OF ECONOMICS and in more widely accessible forums including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as chairman of the President’s Council of Economic Advisers. In addition, he maintains a very popular blog for students of economics at http://www.gregmankiw.blogspot.com.