Shortlisted for 2009 Australian Educational Publishing Awards. Showing the power of economic tools and the importance of economic ideas, this forth edition of Principles of Macroeconomics continues to focus on what is truly important for students to learn in their first macroeconomics course. With an engaging approach to the study of the economy, the text returns to applications and policy questions as often as possible, encouraging students to relate ecomonic theory to their own experiences. Designed for students in Australia and New Zealand, this new edition incorporates contemporary topics such as the effects of the US sub-prime market, increased trading with China and India, the RBA, interest rates and monetary policy. Comprehensively revised and updated, the text enables students to understand the important foundations of economic analysis in a practical real-world context.

Show the power of economic tools, and the importance of economic ideas! The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues - such as climate change and resource taxation, the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, monetary and fiscal policy. Principles of Economics 6th edition combines microeconomics and macroeconomics into one volume for students who take a full year's course. Each new print book includes access to online Student Resources CourseMate Express and Search Me! Economics. Aplia is also available for this book.