Principles of Economics BK+CD

Written by an award-winning educator and a highly respected macroeconomist, this current and comprehensive book introduces readers to the discipline of economics and provides a basic understanding of how economies function as it skillfully blends economic theory, institutional material, and real-world applications throughout. Opens with a sound introduction to economics, and presents in-depth treatments on the foundations of microeconomics: consumers and firms; market imperfections and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; international economics and the world economy. Explains all concepts in a three-tiered system to ensure understanding -- first in the context of a simple story in words followed by a numerical illustration; then by graphing the numerical example; and finally, by using a representative equation. Updates all charts, tables, and graphs in the book with the most current data available, and discusses many high interest topics such as the impact of technology on the wor