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Principles of Macroeconomics, by Robert Frank, Ben Bernanke
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In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of teaching a shorter list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them.
Principles of Macroeconomics, fifth edition, is thoroughly updated with examples that connect to current events such as the financial crisis of 2008 and Great Recession of 2007-2009 as well as other topics commonly discussed in the media. In addition, the text is paired with McGraw-Hill’s market-leading online assignment and assessment solution Connect Economics, providing tools to enhance course management and student learning.
Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
- Sales Rank: #86585 in Books
- Brand: Brand: McGraw-Hill/Irwin
- Published on: 2012-02-21
- Original language: English
- Number of items: 1
- Dimensions: 11.00" h x .70" w x 8.70" l, 2.15 pounds
- Binding: Paperback
- 496 pages
- Used Book in Good Condition
About the Author
Robert H. Frank received his M.A. in statistics from the University of California at Berkeley in 1971, and his Ph.D. in economics in 1972, also from U.C. Berkeley. He is the Goldwin Smith Professor of Economics at Cornell University, where he has taught since 1972 and where he currently holds a joint appointment in the department of economics and the Johnson Graduate School of Management. He has published on a variety of subjects, including price and wage discrimination, public utility pricing, the measurement of unemployment spell lengths, and the distributional consequences of direct foreign investment. For the past several years, his research has focused on rivalry and cooperation in economic and social behaviour.
Professor Bernanke received his B.A. in Economics from Harvard University in 1975 and his Ph.D. in economics from MIT in 1979. �He taught at the Stanford Graduate School of Business from 1979 to 1985 and moved to Princeton University in 1985, where he was named the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs, where he served as Chairman of the Economics Department. �He is a fellow of the American Academy of Arts and Sciences and the Econometrics Society. �He was named a member of the Board of Governors of the Federal Reserve in 2002 and became the chairman of the President's council of Economic Advisers in 2005. �In 2006 Ben Bernanke was selected to be the Chairman of the Federal Reserve Board.
Professor Bernanke's intermediate textbook, with Andrew Abel, Macroeconomics, Fifth Edition (Addison-Wesley, 2004) is a best seller in its field. �He has authored more than 50 scholarly publications in macroeconomics, macroeconomic history, and finance. �He has done significant research on the causes of the Great Depression, the role of financial markets and institutions in the business cycle, and measuring the effects of monetary policy on the economy. �His two most recent books, both published by Princeton University Press, include Inflation Targeting: Lessons from the International Experience (with coauthors) and Essays on the Great Depression. �He has served as editor of the American Economic Review and was the founding editor of the International Journal of Central Banking. �Professor Bernanke has taught principles of economics at both Stanford and Princeton.
Most helpful customer reviews
8 of 10 people found the following review helpful.
BEWARE -- no Connect Plus access code like in the physical book.
By A. Walden
BEWARE -- no Connect Plus access code like in the physical book. If you need access to the Connect website, you'll have to make sure that you buy a physical book with the card in it.
0 of 0 people found the following review helpful.
Product is different from description, terrible quality
By Eric Pavlotskiy
I paid $170 for this book. Every description of it said it was an actual book. I wait, and lo in behold, i get a loose-leaf binder ready edition.
As if to mock me more after having fooled me, the cover says "Your professor has selected this loose-leaf alternative to save you money". My professor didn't select anything. I didn't save any money. I could've just as easily printed a loose-leaf copy off of the pirate bay. And not only did I not get my money's worth, but the pages are thinner than the toilet paper at the new york bus terminal. By the time you finish reading the thing, your bound to have torn out half of it, so it's impossible to resell.
The irony to all of this is that this is your first lesson in economics. Enjoy.
tl;dr: The manufacturer screws you over, then makes sure you can't resell their product.
0 of 0 people found the following review helpful.
Clear theories, vague homework questions
By Julie Shuff
I took macroeconomic theory a second time now that I am done with undergrad, and I thought the examples and theories presented in the book were interesting and relevant to current events and debates. However, the book clearly takes a more conservative viewpoint and glosses over many of the challenges facing our society. Overall though it was clear and concise. I did well in the class, but the CONNECT homework questions were a nightmare I had to struggle through. I found multiple mistakes and the questions were worded very unclearly. It makes the assignments take much longer than they need to. I probably wouldn't have succeeded in the class without reading every chapter page by page.
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