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Macroeconomics Principles for a Changing World 4th Edition By Eric Chiang

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735
File size
35.48 MB
Format
Digital PDF
Category
eBook[PDF]
About this ebook
Macroeconomics: Principles for a Changing World (4th Edition) by Dr. Eric Chiang (published by Worth Publishers) is a contemporary textbook designed to help students apply modern economic thinking to data literacy, global issues, and rapid technological shifts. [1, 2, 3]
Key Textbook Details
  • Author: Dr. Eric Chiang (Associate Professor, Florida Atlantic University)
  • Publisher: Worth Publishers
  • Publication Date: October 31, 2016
  • ISBN-13: 978-1464186929 (Standard Paperback)
  • ISBN-10: 1464186928
  • Alternative Format ISBN: 978-1319121495 (Loose-leaf with LaunchPad access) [1, 2, 3, 4]
Core Founding Principles
The textbook organizes its material around three primary educational goals: [1]
  • Technology Integration: Using digital tools for active learning before, during, and after lectures.
  • Data Literacy: Teaching students how to interpret and filter the massive flow of economic data they encounter daily.
  • Global Perspective: Showing how different nations and cultures confront macroeconomic challenges. [1]
General Chapter Outline
While originally evolved from Chiang's CoreEconomics series, this textbook covers the essential 16-chapter macroeconomic framework: [1, 2, 3]
  1. Introduction & Core Principles: Scarcity, trade-offs, opportunity costs, and incentives.
  2. Supply and Demand: Market mechanics, price equilibrium, floors, and ceilings.
  3. Economic Performance Metrics: Measuring GDP, economic growth, and structural changes.
  4. Unemployment and Inflation: Tracking cost of living, purchasing power, and job markets.
  5. Aggregate Demand & Aggregate Supply (AD/AS): Macroeconomic equilibrium and productivity shifts.
  6. Fiscal Policy: Government spending, taxation impacts, and national debt.
  7. Monetary Policy & The Federal Reserve: Banking systems, interest rates, fractional reserves, and managing economic shocks.
  8. International Trade & Finance: Globalization, exchange rates, absolute vs. comparative advantage, and trade policies. [1, 2, 4, 5, 6]

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