Third Edition   ©2015

Modern Principles: Macroeconomics

Tyler Cowen , Alex Tabarrok

  • ISBN-10: 1-4292-7840-4; ISBN-13: 978-1-4292-7840-9; Format: Paper Text, 576 pages

Improved Presentation of the Solow Model
This edition offers a clearer path from catching-up growth to cutting-edge growth, highlighting the key importance of new ideas in fostering growth (Growth, Capital Accumulation and the Economics of Ideas, Econ: Ch. 28; Macro: Ch. 8).
Refined Coverage of Aggregate Demand/Aggregate Supply
Instructors now can cover Business Fluctuations: Aggregate Demand and Supply (Econ: Ch. 32; Macro: Ch. 13), without covering the Solow model at all.

New coverage of
  • Economic growth and geography (The Wealth of Nations and Economic Growth, Econ: Ch. 27; Macro: Ch. 7)
  • The experience of the U.S. economy coming out of the Great Recession (Unemployment and Labor Force Participation, Econ: Ch. 30; Macro: Ch. 11 and Fiscal Policy, Econ: Ch. 37; Macro: Ch. 18)
  • Quantitative easing (The Federal Reserve System and Open Market Operations, Econ: Ch. 34; Macro: Ch. 15)
  • A nominal GDP rule (Monetary Policy, Econ: Ch. 35; Macro: Ch. 16)
LaunchPad helps instructors by making it easier for students to come to class better prepared and more likely to be engaged with the material—and by making it easier to build and administer the course online:
  • LaunchPad Units organize digital content (e-book, study tools, assessments) by chapter. Instructors can assign these expertly curated, pre-built units as is or customize them with additional LaunchPad resources or their own material. A complete course is just minutes away
  • LearningCurve adaptive quizzing responds to each individual’s correct and incorrect answers, providing instant feedback, tailor-made quizzes, and a unique learning path for each student.
  • LaunchPad’s Gradebook offers clear window on performance of each student or the class as a whole, for any assignments or the entire term. 
New online feature! Work It Out
Available in LaunchPad, Work It Out puts one problem from each chapter in an interactive tutorial setting.  Video instruction guides students toward the solution of the problem step by step.
New Videos
Pioneers in teaching economics online, the authors have created a series of videos featured in LaunchPad that are clever, to the point, and will help students better understand key economic concepts.