Macroeconomics: Truths and Myths

The 3^rd edition of Macroeconomics: Truths and Myths introduces macroeconomic concepts in a way that is engaging, while also tackling common misconceptions and myths held by society. Particular emphasis is given to policies which enhance long run economic growth and to exploring the tradeoffs between decisions making for the short term verses the long term.

Macroeconomics: Truths and Myths enables students to understand economic phenomenon such as unemployment, inflation and business cycles while also learning about the institutions that impact economic policy. As the world economy is becoming increasingly interconnected, this book emphasizes how the presence of the international economy works to shape economic events and policies in the US.

Students are presented with the basic theories behind fiscal and monetary policy, and how it is practiced by real life institutions and flawed institutional actors. Macroeconomics: Truths and Myths meets students where they are, explains the pros and cons of fiscal and monetary policy and allows students to add their own subjective criteria to determine for themselves what the ""best"" policies are.