Complete economics coverage shows students how economics is relevant to their lives NEW and UPDATED - Examples and policy discussions detail developments in US and world economies, including the longest economic expansion in the history of the US economy, the first significant international trade war since the 1930s, and record peacetime federal budget deficits -- helping students become educated consumers, voters, and citizens. NEW and UPDATED - Chapter-opening Cases illustrate how the economic concepts presented in the text impact real-life businesses, including Nike, Apple, Lyft, and Whirlpool -- providing a unifying theme for the chapter and sparking students'' interest. Students can also visit MyLab(tm) Economics to watch a brief video by author Glenn Hubbard that summarizes the key points of each chapter opener. Chapter-opening Economics in Your Life & Career boxes ask students to consider questions related to their lives and careers -- adding a personal dimension to the material. NEW and UPDATED - End-of-chapter Questions, Problems, and Critical Thinking Exercises help students apply what they''ve learned in the chapter, build skills to analyze and interpret information, and apply reasoning and logic to new or unfamiliar ideas and situations. Student-focused features enhance understanding of key economic topics NEW - An Inside Look 2-page feature in chapters 1 through 4 uses news articles to teach students how to apply economic thinking to current events and policy debates. An excerpt of the article, step-by-step analysis, corresponding graph or table, and Thinking Critically exercise are provided. Additional articles are routinely posted to MyLab Economics.

NEW and UPDATED - Apply the Concepts features reinforce key concepts and help students interpret what they read in the news. Each Apply the Concept has a related question in the end-of-chapter Problems and Applications section. Students can then visit MyLab Economics to watch a brief video by author Glenn Hubbard that summarizes the key points of each. Fourteen new Apply the Concepts have been added and others have been revised in the 8th Edition. Don''t Let This Happen to You boxes alert students to the most common pitfalls in the chapter''s material. This is followed up with a related question in the end-of-chapter Problems and Applications section. NEW - Solved Problems show students how to solve an economic problem by breaking it down step by step. New to this edition are 4 Solved Problems and whiteboard videos of select Solved Problems that bring these real-world issues to life with audio, background photos, and construction of graphs and tables.

UPDATED - Concept Checks, consisting of multiple-choice, true/false, and fill-in-the-blank questions, act as "speed bumps" that encourage students to stop and check their understanding of fundamental terms and concepts before moving on to the next section. UPDATED - 164 Figures, tables, and their animations provide clear insights into economic issues, and have been updated so students are working with the latest data available. End-of-Chapter Real-Time Data Exercises help students become familiar with a key data source (FRED, the Federal Reserve Bank of St. Louis''s site), learn how to locate data, and develop skills in interpreting data. A widget-free approach and modern organization give students a solid foundation in economics A broad discussion of macro statistics in chapters 8 and 9 helps clarify some of the policy issues encountered in later chapters, including important differences between the payroll survey and household survey for understanding conditions in the labor market; and the employment-population ratio, which is not covered in some other books but which many economists regard as a key measure of labor market performance. Early coverage of long-run topics in chapters 10 and 11 helps prepare students to understand business cycles to interpret economic events. Topics include the decline of the Soviet economy, the long-run prospects for growth in China, ''Why isn''t the whole world rich?'', and more. Extensive coverage of monetary policy in chapters 15 and 17 emphasizes the issues involved in the Fed''s choice of monetary policy targets.

The material also covers the Taylor rule and the new Fed''s latest policy tools and the debate over whether the Fed''s policies during and after the 2007--2009 financial crisis were consistent with its mandate under the Federal Reserve Act. A dynamic model of aggregate demand and aggregate supply (AD-AS) in chapter 13 provides students with a more accurate and realistic understanding of the causes and consequences of fluctuations in real GDP and the price level. UPDATED - Coverage of both the demand-side and supply-side effects of fiscal policy is included in chapter 16. The text distinguishes between automatic stabilizers and discretionary fiscal policy, and also provides significant coverage of the supply-side effects of fiscal policy. A new section discusses the requirements for the Trump administration to hit its goal of restoring the long-run annual growth rate of real GDP to 3%. A flexible chapter structure satisfies instructors'' various approaches to teaching the principles of macroeconomics Discussion of long-run economic growth in chapter 10 makes it possible for instructors to omit the more thorough discussion of these issues in chapter 11. Discussion of the Keynesian income-expenditure approach (the ''45 degree-line diagram,'' or ''Keynesian cross''), introduces students to the short-run relationship between spending and production, and is confined to chapter 12 so that instructors who do not use this approach can proceed directly to aggregate demand and aggregate supply analysis in chapter 13. Coverage of the dynamic AD-AS model is presented in self-contained sections in chapters 13, 15, and 16, so instructors may safely omit coverage of it without any loss in continuity to the discussion of macroeconomic theory and policy.

While 2 chapters are devoted to monetary policy, the first of these (chapter 15) is a self-contained discussion, so instructors may safely omit the material in chapter 17 if they so choose. UPDATED - International material in chapters 9 and 18 give students a good understanding of international trading and financial systems -- essential to understanding the macroeconomy and satisfying their curiosity about the economic world around them. Instructors may choose to cover just 1 or 2 of the chapters as needed; a flexibility chart is provided to help select the chapters and order best suited to their classrooms'' needs. End-of-chapter material, including summaries, review questions, and problems and applications, is grouped together under learning objectives to make it easier for instructors to assign problems based on learning objectives and to help students efficiently review material that they find difficult. Also available with MyLab Economics MyLab(tm) is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about MyLab Economics. Teach your course your way: Your course is unique.

So whether you''d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs. Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful. UPDATED - Animated Graphs in MyLab accompany many of the key graphs and figures in the text, and have been updated with real-time data from FRED(tm). These animated graphs help students understand shifts in curves, movements along curves, and changes in equilibrium values. UPDATED - Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and the application of key economic principles. Many Digital Interactives also include real-time data from FRED, allowing professors and students to display up-to-the-minute data in key areas. Digital Interactives can be assigned and graded within MyLab Economics, or used as a lecture tool to encourage engagement and classroom conversation.

UPDATED - Solved Problem Videos are whiteboard-style videos that walk students in real time through the Solved Problem, bringing this hallmark feature to life. Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That''s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged. Improve student results: When you teach with MyLab, student performance often improves. That''s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students. Check out the preface for a complete list of features and what''s new in this edition.