New Opening Stories, Examples, and Key Features
New opening stories have been introduced in key chapters, Economics in Action features are updated throughout the textbook, and new examples illustrating key concepts have changed with the instructor & student in mind.
New Business Case Studies
Each chapter closes with a new business case study that applies the economics learned in the chapter to a specific business situation, featuring American and international companies throughout the book.
New Coverage of the Financial Crisis
A new chapter, Crises and Consequences, provides an extended discussion of the financial crisis of 2008-2009 and its place in the history of economic crises. Financial crisis material is also integrated throughout the textbook, especially in the macroeconomics split, with instances identified by a special “Crisis” icon.
New in Macroeconomics, Third Edition
New chapter, Crises and Consequences
Heavily revised chapters on fiscal policy and money & banking
New in Microeconomics, Third Edition
Heavily revised chapter on decision-making
Heavily revised chapter on the welfare state