The text's consistent theoretical approach and through coverage of contemporary events, institutions, and data offer students a well-balanced picture of the interactions among money, the financial system, and the economy. Within each part, the presentation develops economic models and then offer applications and analysis to help the student understand, evaluate, and predict financial events.
This new edition helps students understand theses changing economic realities. In this second edition, we retained the focus of presenting economics in the context of real world businesses and real world policy debates that proved so popular. But we have made a number of significant improvements that we hope will make the text an even more effective teaching tool. In addition to the change list…