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In recent years, innovative textbooks in foreign languages, science, mathematics, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. 2 well-respected researchers and authors, Ben Bernanke and Robert Frank, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. With engaging explanations, questions, and exercises, the writers help college students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the writers encourage college students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them.
Principles of Macroeconomics, 5th edition, is thoroughly updated with examples that connect to current events such as the financial crisis of 2008 and Great Recession of 2007-2009 as well as other topics commonly discussed in the media.
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