A Primer on Macroeconomics

<p><b>This two-volume text represents a common sense approach to basic macroeconomics. Economics far from being the dismal science offers us valuable lessons that can be applied to our everyday experiences.</b></p><p>At its heart economics is the science of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices; whether these choices occur in our everyday life our work environment or at the national or international level.</p><p>This two-volume text represents a common sense approach to basic macroeconomics. Volume one <i>Elements and Principles</i> delivers clear statements of essential economic principles supported by easy to understand examples and uncluttered by extraneous material; the goal is to provide a concise readable primer that covers the substance of macroeconomic theory.</p><p>This book covers </p><ul><li>opportunity cost;</li><li>the rationale for trade and exchange rates;</li><li> the economist's basic demand and supply model;</li><li> the efficient operation of competitive markets;</li><li> important tools used to measure the macroeconomy;</li><li> and the causes and effects of inflation and unemployment.</li></ul>