Value Pack: Principles of Macroeconomics, International Version MEL 12 month Access Card, 9/e

Part 1: Introduction to Economics

Ch.1: The Scope and Method of Economics
Ch.2: The Economic Problem: Scarcity and Choice
Ch.3: Demand, Supply and Market Equilibrium
Ch.4: Demand and Supply Applications

Part 2: Concepts and Problems in Macroeconomics

Ch.5: Introduction to Macroeconomics
Ch.6: Measuring National Output and National Income
Ch.7: Unemployment, Inflation and Long-Run Growth

Part 3: The Core of Macroeconomic Theory

Ch.8: Aggregate Expenditure and Equilibrium Output
Ch.9: The Government and Fiscal Policy
Ch.10: The Money Supply and the Federal Reserve System
Ch.11: Money Demand and the Equilibrium Interest Rate
Ch.12: Aggregate Demand in the Goods and Money Markets
Ch.13: Aggregate Supply and the Equilibrium Price Level
Ch.14: The Labor Market in the Macroeconomy

Part 4: Further Macroeconomic Issues

Ch.15: Policy Timing, Deficit Targeting and Stock Market Effects
Ch.16: Household and Firm Behavior in the Macroeconomy: A Further Look
Ch.17: Long-Run Growth
Ch.18: Debates in Macroeconomics: Monetarism, New Classical Theory and Supply-Side Economics

Part 5: The World Economy

Ch.19: International Trade, Comparative Advantage and Protectionism
Ch.20: Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
Ch.21: Economic Growth in Developing and the Transitional Economics

For the 1 semester principles of macroeconomics course.

Reviewers tell us that Case/Fair is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete. This well-respected author team is joined for the 9th edition by a new co-author, Sharon Oster. Sharon’s research and teaching experience brings new coverage of modern topics and an applied approach to economic theory, as demonstrated in the new Economics in Practice feature.

Macroeconomics organization

“Do you think the Keynesian Cross should be integrated more thoroughly into principles text?” “Are you tired of books that relegate Keynesian Cross coverage to “optional” chapters?”

The Keynesian Cross is an integral part of this text. Case/Fair/Oster believe strongly, that a text should use the Keynesian Cross carefully and systematically, to build up to the AD/AS model. One of the great benefits of this approach, is that students won’t mistakenly apply what they learned about simple demand and supply to aggregate demand & supply. (A detailed summary of this approach can be found in the preface).

“Do you find that International Coverage of Economic topics is increasingly important? Do you desire a text that incorporates the world economy into basic economic principles?”

There is an increasing economic interdependence among countries and their citizens. Case/Fair/Oster has integrated international examples and applications into a variety of chapters:

• Chapter 1 – discusses the many countries that contribute to creating the iPod.
• Chapter 19 – International Trade, Comparative Advantage, and Protectionism
• Chapter 5 & 6 – two full chapters on the world economy.
• Chapter 21 – Economic Growth in Developing and Transitional Economies

Other Points of Distinction

“Do you think that newspaper and magazine articles can be an effective tool for motivating the concepts taught in principles of economics? Is it ever challenging to find a recent article that ties into the week’s lecture?”

With Case/Fair/Oster, you and your students have three carefully integrated, and easy to use, sources for gathering and integrating the news into lecture of homework:

1. In Text News Analysis — The authors have taken real news articles from The Wall Street Journal, The New York Times, The Economist, and others, and have strategically integrated them into their text, in a feature called News Analysis. The authors have also added homework problems for News Analysis articles at the end of the chapter.

2. Online Weekly News Updates — In addition to the news articles in the text, the Case/Fair/Oster text also brings you two new articles each week, one for Microeconomics and one for Macroeconomics. Each update includes a direct link to the original web source, a summary, and a set of critical thinking questions that can be assigned or used to open classroom discussion (Articles are available via MyEconLab.com).

3. Online Chapter by Chapter News Archive — We know that the week’s news isn’t always relevant to the chapter you are on in class. That’s why we keep an extensive archive of all Weekly News Updates, and organize them by chapter. Before your lecture, simply check the chapter by chapter archive to see if there is something interesting to bring in class that is both timely and relevant to the concepts that are being covered (Articles are available via MyEconLab.com).

“I often hear that assessing students in this course is one of professors’ greatest challenges, would you agree?” “Professor, are any one of these: end-of-chapter questions, test bank materials, or on-line homework practice and assessment software important to you or your students?”

Names you trust in Economics, Case/Fair/Oster, continues its history of excellence in economic content and applications with a focus on assessment:

1. MyEconLab – this on-line, self-graded homework, tutorial, and assessment software will be available with Case/Fair/Oster 9e. Make your life easier by creating on-line homework for your students, as well as, save time with the guided solutions and eText offered in the tutorial and homework sections of the software. The software and text are fully integrated.

2. End-of-Chapter Material – the end of chapter material delivers the best questions for your students to learn the material in class. See the end of any chapter.

3. Case/Fair/Oster’s Two Year Test Bank – use Case/Fair/Oster’s Two Year Test Bank so you can make new quizzes and tests in year 1 and year 2 using the Case/Fair/Oster text. This strategy cuts down on shared tests between students. The test banks have been completely revised and updated with new questions. Test Bank #1 has all computer gradable questions for you to assign in year 1, Test Bank #2 has all computer gradable questions for you to assign in year 2, and Test Bank #3 has open ended, fill-in, and essay questions so you can use odd questions in year one and even questions in year 2.

“Professor, are you faced with a classroom of students with different abilities, backgrounds, and learning styles?”

Three-tiered explanations of key concepts (Stories-Graphs-Equations) - Case/Fair/Oster realizes the problem facing instructors is how to convey the core principles of the discipline to as many students as possible without selling the better students short.

Case/Fair/Oster’s approach to this challenge is the three tier approach — Stories-Graphs-Equations. Each concept is presented in the context of a simple intuitive story often followed by a table or graph. And, in many cases, an equation is then used to present the concept with a mathematical formula.

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