Macroeconomics - (5th Edition)

Author: John B. Taylor (USA)
Publisher:
Publish Date: 2006-08-01
Features: Welcome to the 5th edition of the classic textbook Economics written by Professor John Taylor. This book is highly adopted in the field of teaching economics that emphasizes academic rigor and cultivating students' intuitive understanding of economics. Professor Taylor's Economics aims to present modern economics to students who have never encountered the subject in an intuitive, relevant, and memorable way. What you are now viewing is the macroeconomics section. For most universities offering a two-semester Principles of Economics course, the companion volume Microeconomics takes students on an equally captivating journey of exploring the wonders of economics. Professor Taylor's Economics is an economics textbook designed for a two-semester undergraduate Principles of Economics course. The book extensively uses charts, real-world cases, and modern methods for analyzing economic policies, which are widely recognized as a model for the new generation of economics teaching. It is highly adopted in the field of undergraduate teaching that emphasizes academic rigor and cultivating students' intuitive understanding of economics. The book is divided into two volumes: Macroeconomics and Microeconomics, and the teaching materials include a teacher's manual, PowerPoint slides, solutions to problems, and additional exercises. Compared to currently popular domestic economics textbooks, such as Principles of Economics by Stiglitz and Mankiw, this book is a new edition of the neoclassical synthesis textbook, making it easy for beginners to systematically grasp microeconomic principles and macroeconomic analysis within a theoretical framework. The key feature of this neoclassical synthesis theoretical framework is that, in the microeconomics section, instead of following the traditional microeconomic theoretical framework that primarily focuses on perfectly competitive markets while also addressing monopolistic competition and monopoly markets to illustrate the efficiency of market economies, this book adopts a more comprehensive approach. This book is suitable not only for lower-division students in economics and management but also for students from non-economics majors. It can serve as a popular economics textbook for colleges and universities, as well as for self-learners who wish to systematically master modern economics knowledge. In particular, it is ideal for government officials and the general public engaged in practical economic work to systematically study economics. In this sense, this book is a convenient gateway to systematically learning and mastering modern economics.