Economics Today: The Macro View, 19th edition

Personalize learning with MyLab Economics

MyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

• The Enhanced eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples, animations, and interactive tutorials bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyLab Economics with Enhanced eText provides students with a complete digital learning experience--all in one place.
• And with the Pearson eText 2.0 mobile app (available for select titles) students can now access the Enhanced eText and all of its functionality from their computer, tablet, or mobile phone. Because students’ progress is synced across all of their devices, they can stop what they’re doing on one device and pick up again later on another one—without breaking their stride.  
• UPDATED! Figure Animations provide a step-by-step walkthrough of select figures. Seventy percent of all figures are animated. Figure animations have been updated to reflect changes to the 19th edition.
• Concept Checks at the end of each section act as “speed bumps” that encourage students to stop and check their understanding of fundamental terms and concepts before moving on to the next section. Consisting of a few multiple-choice, true/false, or fill-in-the-blank questions, they help students assess their progress on a section-by-section basis, so they can better prepare for homework, quizzes, and exams.
• Self Checks, in the form of several fill-in-the-blank questions at the end of every Learning Objective section, allow students to check their understanding of the key concepts they just read before moving on. All answers are available in MyLab Economics.
• Videos for each Issues and Applications section expand on key points and real-world applications of the feature and tie key chapter concepts to real-world examples. The videos contain visuals such as photos and graphs, which help to crystallize key takeaways for the student.
• Real-Time Data Analysis (RTDA) Exercises allow instructors to assign problems which use up-to-the-minute data. Each RTDA exercise loads the appropriate and most current available data from FRED™, a comprehensive and up-to-date data set maintained by the Federal Reserve Bank of St. Louis. Exercises are graded based on that instance of data, and feedback is provided.
• UPDATED! Graphs are updated with Real-Time Data from FRED so that students can observe the changing impacts of these important variables on the economy.
• Digital Interactives. Economic principles are not static ideas, and learning them shouldn’t be either! Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and application of key economic principles. Each Digital Interactive has 3-5 progressive levels and requires approximately 20 minutes to explore, apply, compare, and analyze each topic. Many Digital Interactives include real-time data from FRED allowing professors and students to display, in graph and table form, up-to-the-minute data on key macro variables. Digital Interactives can be assigned and graded within MyLab Economics, or used as a lecture tool to encourage engagement, classroom conversation, and group work.
• Personalized Learning. Not every student learns the same way or at the same rate. With the growing need for acceleration through many courses, it's more important than ever to meet students where they learn. Personalized learning in the MyLab Economics gives you the flexibility to incorporate the approach that best suits of your course and your students.
• The Study Plan acts as a tutor, providing personalized recommendations for each of your students based on his or her ability to master the learning objectives in your course. This allows students to focus their study time by pinpointing the precise areas they need to review, and allowing them to use customized practice and learning aids—such as videos, eText, tutorials, and more—to get them back on track. Using the report available in the Gradebook, you can then tailor course lectures to prioritize the content where students need the most support—offering you better insight into classroom and individual performance.
• Dynamic Study Modules help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers. NEW! Instructors can now remove questions from Dynamic Study Modules to better fit their course.
• Algorithmically generated Homework helps students improve their understanding of the language of economics and prepare for quizzes and tests via instant feedback. Draw-graph exercises ensure varied and productive practice.
• Interactive Learning Aids, such as Help Me Solve This (a step-by-step tutorial) and Teach Me explanations help the student right when they need it.
• News Articles are available for classroom and assignment use and ask students to recognize and apply economic concepts to real-world events. These up-to-date articles and complimentary discussion questions are posted weekly to bring today’s news into the classroom.
• Experiments that are flexible, easy-to-assign, auto-graded, and available in single and multi-player versions, make learning fun and engaging.
• Reporting Dashboard. View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course, with the new Reporting Dashboard. Available via the Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.
• NEW! Test Item File. Nearly 500 new assignable MyLab Economics questions have been added for this edition, expanding the database of questions to an average of over 100 questions per chapter.
• NEW! Math Review Exercises. MyLab Economics now offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, our new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!
• Question Help. MyLab Economics homework and practice questions are correlated to the textbook, they generate algorithmically to give students unlimited opportunity for practice and mastery, and they offer helpful feedback when students enter incorrect answers. Questions include guided solutions and other multimedia assets for extra help at point-of-use.
• Current News Exercises. Every week, current Macroeconomic news stories, with accompanying exercises, are posted to MyLab Economics. Assignable and auto-graded, these multi-part exercises ask students to recognize and apply economic concepts to real-world events.
• Learning Catalytics^™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
• NEW! Upload a full PowerPoint^® deck for easy creation of slide questions.
• NEW! Team names are no longer case sensitive.
• Help your students develop critical thinking skills.
• Monitor responses to find out where your students are struggling.
• Rely on real-time data to adjust your teaching strategy.
• Automatically group students for discussion, teamwork, and peer-to-peer learning.

About the book

• NEW! and EXPANDED! Emphasis on Behavioral Economics. The theory of bounded rationality forms the basis of behavioral economics. This theory is expanded upon in the introductory chapter and several macro chapters. More importantly, in keeping with the desire to show the applicability of theory, every single chapter in the 19th edition has a behavioral economics example.
• NEW! End-of-Chapter Problems. There are six to eight new problems at the end of each chapter, many of which are based on the interactive graphs within the chapter. They require students to apply their critical thinking skills learned from the chapter.
• NEW! An opening vignette about a serious application of each chapter’s theory with a continuing Issues & Applications feature at the end of every chapter is new to this edition.
• Learning Objectives accompany each major chapter section to help focus student reading comprehension and allow for self-assessment to ensure that students have grasped key concepts.
• NEW! A “grabber” Did You Know That feature starts off every chapter.
• NEW! A variety of examples are classified into three categories, and each has three references from which the information was obtained:

• Example
• Policy Example
• Behavioral Example
• International Example

• NEW! What If features are included in each chapter.
• NEW! You Are There features demonstrate to students how real people react to policy changes and changes in our economic environment.
• Domestic topics and events are presented through thoughtͭprovoking discussions.
• Important policy questions help students understand public debates.
• Global and international policy examples emphasize the continued importance of international perspectives and policy.
• Fundamental Points at the end of every chapter provide students with a quick rundown of the most salient concepts they must understand for each chapter, enhancing information retention.
• References and citations for all in-ʹext examples are provided for further exploration by instructors and students.
• Critical Analysis questions and Web Resources provide further opportunities for discussion and exploration. Suggested answers for Critical Analysis questions are in the Instructor’s Manual.
• An Instructor’s Manual contains additional practice and assignable questions for each chapter topic, to further student understanding of the content.
• The Endͭof-̓hapter Summary shows students what they need to know and where to go in MyLab™ Economics for more practice.
• Self Checks encourage student interaction and provide an opportunity for them to check their understanding before moving on.

Personalize learning with MyLab Economics

MyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

• Figure Animations provide a step-by-step walkthrough of select figures. Seventy percent of all figures are animated. Figure animations have been updated to reflect changes to the 19th edition.
• Graphs are updated with Real-Time Data from FRED™ so that students can observe the changing impacts of these important variables on the economy.
• Test Item File. Nearly 500 new assignable MyLab Economics questions have been added for this edition, expanding the database of questions to an average of over 100 questions per chapter.
• Math Review Exercises. MyLab Economics now offers a rich array of assignable and auto-graded exercises covering fundamental math concepts geared specifically to principles and intermediate economics students. Aimed at increasing student confidence and success, our new math skills review Chapter R is accessible from the assignment manager and contains over 150 graphing, algebra, and calculus exercises for homework, quiz, and test use. Offering economics students warm-up math assignments, math remediation, or math exercises as part of any content assignment has never been easier!

About the book

• Emphasis on Behavioral Economics. The theory of bounded rationality forms the basis of behavioral economics. This theory is expanded upon in the introductory chapter and several macro chapters. More importantly, in keeping with the desire to show the applicability of theory, every single chapter in the 19th edition has a behavioral economics example.
• End-of-Chapter Problems. There are six to eight new problems at the end of each chapter, many of which are based on the interactive graphs within the chapter. They require students to apply their critical thinking skills learned from the chapter.
• An opening vignette about a serious application of each chapter’s theory with a continuing Issues & Applications feature at the end of every chapter is new to this edition.
• A “grabber” Did You Know That feature starts off every chapter.
• A variety of examples are classified into three categories, and each has three references from which the information was obtained:

• Example
• Policy Example
• Behavioral Example
• International Example

• What If features are included in each chapter.
• You Are There features demonstrate to students how real people react to policy changes and changes in our economic environment.