As 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, this book delivers content in a manner that is both exciting and relevant for students. Using current events, real-time macroeconomic analysis and unique problems, readers of Principles of Macroeconomics will be left with a solid grasp of macroeconomic fundamentals.
There can be no doubt that the Great Recession of the last few years 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. Many chapters contain “survival kits” or additional problems for students to solve to help aid in the mastery of topics. In short, this book is written with the twenty-first century student in mind.
Dr. Joshua Lewer is associate professor of economics at Bradley University and is a Research Fellow at the Institute for the Study of Labor (IZA) Bonn, Germany. Dr. Lewer received his B.A. from Augustana College and a M.S. and Ph.D. from the University of Nebraska. His research interests are in the fields of globalization and economic growth.
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