Nelson Higher Education

Higher Education

Macroeconomics, 10th Edition

  • includes Video Office Hours Printed Access Card
  • Roger A. Arnold
  • ISBN-10: 1111823014
  • ISBN-13: 9781111823016
  • 592 Pages | Paperback
  • Previous Editions: 2010, 2008, 2005
  • COPYRIGHT: 2011 Published
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Overview

About the Product

The economy is tough -– but Economics doesn’t have to be! Let Roger Arnold’s MACROECONOMICS, 10e open up the world of economic analysis for your students. With more detailed coverage of the financial and economic crisis than any other principles text on the market, fun and innovative pedagogy, easy customization, and fully integrated digital and course management options, MACRECONOMICS is the perfect solution for any classroom. The book’s intriguing pop culture examples help bolster student interest by illustrating the unexpected places economics occurs, and how economic forces link events to our lives and are part of your student’s world 24/7. Entirely new to this edition is a complete set of Video Lectures featuring author Roger Arnold as he works through key concepts and graphs in each chapter. Ideal for self-study when students can play or replay the lectures, or for online courses, the Video Lectures provide even greater flexibility for instructors. The Tenth Edition is integrated with powerful resources, such as Aplia and Cengage’s CourseMate for Economics, which provide unsurpassed planning and management tools, like homework that is automatically assigned, graded, and recorded online, or tracking of students’ time spent with online resources. With new chapters reflecting a changing economy, and new resources addressing the needs of a changing classroom, MACROECONOMICS 10e is an ideal text for principles courses.

Features

  • Office Hours--This feature seeks to emulate the kinds of questions students bring to Economics instructors after class. Office Hours explores key concepts such as how the money supply works; the purpose of the PPF; how much really depends on whether wages are flexible or inflexible; and the purpose of the AD/AS framework.

  • Enhanced “Thinking Like an Economist” -- This classic MACROECONOMICS feature now rotates through the narrative along with Finding Economics. Finding Economics illustrates the economics around us, such as how a change in housing prices might affect overall demand in the economy.

  • Economics 24/7: Illustrating the practical relevance of key concepts, this feature explores anything that can be explained through economic analysis. For example: Does a student’s first job after college depend on the AD and SRAS curves? Can political debates be explained in terms of the PPF? Can a housing bust leading to an imploding economy? Which is better, a tax rebate or a tax bonus? Economics 24/7 trains readers to look for economic forces at work--and understand the principles behind them.

  • Enhanced Globalization Coverage--The chapter on globalization offers a total picture of how globalization affects the U.S., and how economies interact throughout the world.

  • Enhanced Presentation Options: For greater flexibility, the Tenth Edition offers a choice of Enhanced PowerPoint slides, traditional lecture outline slides, or exhibit-only slides. The Enhanced PowerPoint slides have more sophisticated graphics and features, and include hotlinks to both Cengage’s online graphing workshop and key economic data on the Internet. Additionally, JoinIn on Turning Point integrates the interactivity of today’s “keypad” technology into instructors’ lectures.

  • Aplia: Available bundled with the text or as a digital solution, Aplia is fully integrated with the tenth edition. The comprehensive online, interactive problem sets, analyses, tutorials, experiments, and critical thinking exercises give students hands-on application without adding to instructors’ workload. Based on discovery learning, Aplia requires students to take an active role in the learning process--helping them improve their economic understanding and ability to relate to the economic concepts presented. Instructors can assign homework that is automatically graded and recorded.

  • Virtually Endless Customization Choices: Chapters can be re-arranged, online chapters can be customized in print, and instructors can add any topic, including their own research and notes, or specialized topics pulled from the Cengage Economics Issues database. Aplia customization is fully integrated, giving students hands-on application opportunities without adding to instructors’ workloads.

About the Author

Roger A. Arnold

Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has published numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of economics supplemental text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold earned a B.S. in Economics from the University of Birmingham in England and received his M.A. and his Ph.D. degrees from Virginia Tech.

Table of Contents

PART I: ECONOMICS: THE SCIENCE OF SCARCITY.
1. What Economics Is About.
Appendix A: Working with Diagrams.
Appendix B: Should You Major in Economics?
2. Production Possibilities Frontier.
3. Supply and Demand: Theory.
4. Prices: Free, Controlled, and Relative.
5. Supply, Demand, and Price: Applications.
PART II: MACROECONOMIC FUNDAMENTALS.
6. Macroeconomic Measurements, Part I: Prices and Unemployment.
7. Macroeconomic Measurements, Part II: GDP and Real GDP.
PART III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY.
8. Aggregate Demand and Aggregate Supply.
9. Classical Macroeconomics and the Self-Regulating Economy.
10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.
11. Fiscal Policy and the Federal Budget.
PART IV: MONEY, THE ECONOMY, AND MONETARY POLICY.
12. Money, Banking and the Financial System.
13. The Federal Reserve System.
14. Money and the Economy.
15. Monetary Policy.
Appendix C: Bond Prices and Interest Rates.
PART V: EXPECTATIONS AND GROWTH.
16. Expectations Theory and the Economy.
17. Economic Growth: Resources, Technology, Ideas, and Institutions .
PART VI: THE FINANCIAL CRISIS OF 2007-2009.
18. The Financial Crisis of 2007-2009.
PART VII: GOVERNMENT AND THE ECONOMY.
19. Debates in Macroeconomics Over the Role and Effects of Government.
PART VIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION.
20. International Trade.
21. International Finance.
22. Globalization and International Impacts on the Economy.
PART IX: FINANCIAL MATTERS.
23. Stocks, Bonds, Futures, and Options.

New to this edition

  • New Chapter! Chapter 4 on Prices: Free, Controlled and Relative is new to the Tenth Edition and consolidates and expands upon important pricing information. With coverage on prices as a means to transmit information, price controls and false information, and taxes and their effect on relative price changes, this chapter clearly explains concepts that are integral to students’ understanding of later chapters.
  • New Chapter! Chapter 18 on the Financial Crisis of 2007-2009 is entirely new to the this edition. While the Tenth Edition also includes updates relevant to the financial crisis and changing economy throughout the book, Arnold’s MACROECONOMICS, 10e is the only principles of economics text currently on the market that focuses an entire chapter on the financial crisis. Covering all aspects of the crisis from its historical roots and various factors that contributed to the breakdown, to policy responses from the government, this chapter brings together the context and direction that instructors and students are asking for in economic analysis of the recent crisis.
  • New Chapter! Chapter 19 on Debates in Macroeconomics Over the Role of Government. Students want to know why economists disagree and what role the government should play in regulating or intervening in market economies and this chapter delivers the analysis needed to get discussion started and keep students engaged.
  • New Video Lectures! Completely new to this edition, Roger Arnold walks your students through key concepts and graphs in each chapter. Using innovative video and whiteboard technology, the author provides both short concept pieces and longer lectures for each chapter, talking through the concepts just as he would in class and displaying on the whiteboard lecture points and demonstrating graphs. Students can play and replay the lectures as often as needed to review concepts.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Economics CourseMate with eBook Instant Access Code  (ISBN-10: 1111475024 | ISBN-13: 9781111475024)

Interested in a simple way to complement your text and course content with study and practice materials? Cengage Learning’s Economics CourseMate brings course concepts to life with Arnold’s unique video lectures, interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. All content for CourseMate has been updated in accordance with updates to the core text. Economics CourseMate goes beyond the book to deliver what you need! Instructors can access Coursesmart via their SSO account.

Aplia, 1 term Instant Access  (ISBN-10: 1111964513 | ISBN-13: 9781111964511)
Study Guide  (ISBN-10: 0538479418 | ISBN-13: 9780538479417)

Written and updated by the author, this Study Guide reinforces student learning with a list of key concepts and terms, review questions and problems, and short-answer exercises asking “what is wrong?” or “what has been overlooked?” Multiple-choice, true/false, and fill-in-the-blank practice questions are also included. All content for the Study Guide has been updated in accordance with updates to the core text.

Test Bank, Macroeconomics  (ISBN-10: 0538479663 | ISBN-13: 9780538479660)

With over 3,100 multiple choice, true/false, and essay questions, the 10th edition Test Bank is an invaluable resource. Questions have been carefully reviewed and revised, and each question is labeled by difficulty level, standard AACSB category, and a local or topic-specific standard. Questions new to this edition are noted. The Test Bank is also available online and on the Instructor’s Resource DVD. This Test Bank is intended for use with the Arnold 10e Economics version. All content for the Test Bank has been updated in accordance with updates to the core text.

Instructor's Manual  (ISBN-10: 1111222355 | ISBN-13: 9781111222352)

This comprehensive resource includes a wealth of information that is helpful to new and veteran instructors alike. Packed with teaching tips and planning tools, it includes everything you need to prepare for class, including planning activities organized by chapter, answers to text problems, in-class activities, and more. The Instructor’s Manual is also available online and on the Instructor’s Resource DVD. The Instructor’s Manual has been updated in accordance with all updates in the core text.

Video Office Hours Instant Access Code  (ISBN-10: 111186652X | ISBN-13: 9781111866525)

Entirely new to this edition is a complete set of Video Lectures featuring author Roger Arnold as he works through key concepts and graphs in each chapter. Ideal for self-study when students can play or replay the lectures, or for online courses, the Video Lectures provide even greater flexibility for instructors.

Arnold Discovery Guide  (ISBN-10: 1111534667 | ISBN-13: 9781111534660)

Arnold Economics, Tenth Edition, Discovery Guide is a guide to everything you need to know about the tenth edition. This critical tool demonstrates the features and substance added to the new edition in the new chapters such as extensive coverage of the financial crisis, as well as the unique supplementary package. From exploring the benefits of ExamView® and the Test Bank to the pedagogical value of the Video Office Hours with Roger Arnold and Enhanced PowerPoint, this guide is your quick reference for what is new to this edition.

Instructor's Resource CD-ROM  (ISBN-10: 053847968X | ISBN-13: 9780538479684)

This easy-to-use DVD allows quick access to instructor ancillaries. It enables you to review, edit, and copy precisely the materials you need in the format desired. The DVD contains the complete Instructor’s Manual, Test Bank, ExamView Computerized Testing Software, and the PowerPoint presentation slides. Arnold’s ECONOMICS, 10th features three distinct sets of PowerPoint presentation slides – the Enhanced or Premium PowerPoint slides which feature more sophisticated animations and links to online resources and our Graphing Workshop; the Traditional Lecture Outline PowerPoint slides are a more concise but thorough walk through lecture outline points and key figures, and finally the Exhibits-only PowerPoint provide all of the figures and exhibits shown in the text for instructors who prefer to customize their own presentations. Both micro and macroeconomics are included in the Instructor’s Manual. These instructor resources, with the exception of ExamView, are also available online. The Instructor’s Resource DVD has been fully updated to reflect the changes in the core text. The Instructor's Resource DVD is intended for use with Arnold Economics, 10e, Arnold Microeconomics,10e and Arnold Macroeconomics, 10e.

Aplia Integrated Textbook Solution (Bookstore Purchase Access)  (ISBN-10: 0324420978 | ISBN-13: 9780324420975)

The Aplia Integrated Text Solution box contains your mandatory Aplia access code granting you access to the program and full online version of the class text. This option DOES NOT include the required reader (Current and Classic Readings for Microeconomic Literacy) or textbook (Mankiw's, Principles of Microeconomics, Fourth Edition. You MUST purchase these separately.

Economics for Life: 101 Lessons You Can Use Every Day!  (ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.

Student Supplements

Economics CourseMate with eBook Instant Access Code  (ISBN-10: 1111475024 | ISBN-13: 9781111475024)

Cengage Learning’s Economics CourseMate brings course concepts to life with Arnold’s unique video lectures, interactive learning, study, and exam preparation tools that support the printed textbook. Watch your comprehension soar as you work with the printed textbook and the textbook-specific website. All content for CourseMate has been updated in accordance with updates to the core text. Economics CourseMate goes beyond the book to deliver what you need! The Instant Access Code is available for student purchase at www.cengagebrain.com.

CengageNOW with eBook Instant Access Code  (ISBN-10: 1111963347 | ISBN-13: 9781111963347)

Succeed in your economics course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

Aplia, 1 term Instant Access  (ISBN-10: 1111964513 | ISBN-13: 9781111964511)

Succeed in your course with Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for MACROECONOMICS, 10th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

Study Guide  (ISBN-10: 0538479418 | ISBN-13: 9780538479417)

Written and updated by the author, this Study Guide includes a list of key concepts and terms, review questions and problems, and short-answer exercises asking “what is wrong?” or “what has been overlooked?” Multiple-choice, true/false, and fill-in-the-blank practice questions are also included. All content for the Study Guide has been updated in accordance with updates to the core text.

CengageNOW with eBook on Blackboard® Intant Access Code  (ISBN-10: 1111963363 | ISBN-13: 9781111963361)

Have the tools you need to be successful A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

Video Office Hours Instant Access Code  (ISBN-10: 111186652X | ISBN-13: 9781111866525)

Entirely new to this edition is a complete set of Video Lectures featuring author Roger Arnold as he works through key concepts and graphs in each chapter. Ideal for self-study when students can play or replay the lectures, or for online courses, the Video Lectures provide even greater flexibility for instructors.

Aplia Integrated Textbook Solution (Bookstore Purchase Access)  (ISBN-10: 0324420978 | ISBN-13: 9780324420975)

The Aplia Integrated Text Solution box contains your mandatory Aplia access code granting you access to the program and full online version of the class text. This option DOES NOT include the required reader (Current and Classic Readings for Microeconomic Literacy) or textbook (Mankiw's, Principles of Microeconomics, Fourth Edition. You MUST purchase these separately.

Economics for Life: 101 Lessons You Can Use Every Day!  (ISBN-10: 0538757884 | ISBN-13: 9780538757881)

ECONOMICS FOR LIFE 3e is a book about real-world applications for economics. In addition to applications, the text contains critiques of common economic fallacies, paradoxical economic results, and solutions to economic mysteries that are sure to interest students. Tied through its Appendices to all South-Western principles texts, Economics for Life helps students use economic concepts to better understand the world around them. The book serves as a valuable resource for delivering a more applications-based Principles (or Economics 101) course and can be bundled at no additional charge.