PRINCIPLES OF MACROECONOMICS 5E

Part 1 Issues in Macroeconomics   
Chapter 1 Macroeconomics: The Birds-Eye View of the Economy
Chapter 2 Measuring economic activity: Gross Domestic Product and Unemployment                     
Chapter 3 Measuring the Price Level and Inflation                           
Chapter 4 Saving, Investment and Wealth                           
Chapter 5 Wages, Employment and the Labour Market                  

Part 2 Short-run Macroeconomics: the analysis of the business cycle                         
Chapter 6 Spending and output in the short run               
Chapter 7 Fiscal policy                   
Chapter 8 Money, prices and the Reserve Bank                 
Chapter 9 The Reserve bank and the economy                   
Chapter 10 The aggregate demand-aggregate supply model                       
Chapter 11 Macroeconomic policy                           

Part 3 Long-run Macroeconomics: the analysis of economic growth
Chapter 12 The economy in the long run: an introduction to economic growth                   
Chapter 13 The production function approach to understanding growth               
Chapter 14 Saving, capital formation and comparative economic growth                                

Part 4 Open Economy Macroeconomics
Chapter 15 International Trade                 
Chapter 16 Exchange rates and the open economy                         
Chapter 17 The balance Payments: net exports and international capital flows                   
Chapter 18 Macroeconomics: What have we learned                      

 Part 5 Concluding Thoughts
Chapter 19 Macroeconomics: What have we learned?

Learn to think as an economist with the market-leading macroeconomics text, Principles of Macroeconomics 5e. Building on the legacy of its international author team, this fifth edition has been adapted for the local market. By focusing on central ideas that shape modern macroeconomic thinking, and interpreting the latest data, this edition offers a truly Australian perspective. The emphasis on currency and real-world relevance grounds the key concepts in relatable examples to help readers see the impact of past and present events on Australian and global economic landscapes.

Improvements to the 5^th edition include:

ANZ focus: Develop a solid understanding of the macroeconomic climate in Australia and New Zealand.

Industry Spotlight: Hear from high-profile macroeconomists and recent graduates on industry trends and where a career in macroeconomics can take you.

Interactive digital learning: A robust suite of digital resources including graphing tools, concept videos and case studies engages students and tests their knowledge.