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Principles of Macroeconomics, 9th Edition | AU/NZ

Robin Stonecash, Joshua Gans, Stephen King, Martin Byford, Kris Ivanovski, Gregory Mankiw

  • Copyright 2024
  • {{checkPublicationMessage('Published', '2023-09-11T00:00:00+0000')}}
Starting At $79.95 See pricing and ISBN options
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Principles of Macroeconomics 9th Edition by Robin Stonecash/Joshua Gans/Stephen King/Martin Byford/Kris Ivanovski/Gregory Mankiw
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Overview

Principles of Macroeconomics 9th edition boils economics down to its essentials, by considering what is truly important for students to learn in their first course in economics. In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues – including the impacts of the contemporary macroeconomic issues, inflation, unemployment, interest rates, and monetary and fiscal policy. The resource emphasises the material that students should and do find interesting about the study of the economy, resulting in a focus on applications and policy, and less on formal economic theory. Principles of Macroeconomics, 9th edition encourages students to make their own judgements by presenting both sides of the debate on five controversial issues facing policy makers: the proper degree of policy activism in response to the business cycle, the choice between rules and discretion in the conduct of monetary policy, the desirability of reaching zero inflation, the importance of balancing the government’s budget, and the need for tax reform to encourage saving. Premium online teaching and learning tools are available on the MindTap platform. Learn more about the online tools au.cengage.com/mindtap

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Meet the Authors

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Robin Stonecash

Robin Stonecash has recently retired from her position as Executive Dean of the Faculty of Business Law and Arts at Southern Cross University. She was previously Director of Executive Education and the Global EMBA at the University of Sydney’s Business School and Director of Executive Education at the Business School at the University of Technology, Sydney, as well as Director of Stonecash Associates, a boutique consulting firm. She studied economics at Swarthmore College, the University of Wisconsin and the University of New South Wales. She currently consults on strategy and negotiation as well as teaching economics, strategy and negotiation to business owners. Professor Stonecash’s research interests currently focus on agribusiness in Australia and New Zealand and the impact of sustainability in the agricultural sector.

Joshua Gans

Joshua Gans holds the Skoll Chair in Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto; he was previously Professor of Management (information Economics) at the Melbourne Business School. He studied economics at the University of Queensland and Stanford University. He currently teaches network and digital marketing strategy, but prior to his relocation to Canada he taught introductory economics and incentive theory to MBA students.

Stephen King

Stephen King is a Commissioner with Australia’s Productivity Commission and a Professor of Economics at Monash University. He has previously been Dean of Business and Economics at Monash University, a member of the Economic Regulation Authority of Western Australia, a member of the National Competition Council and a Commissioner at the Australian Competition and Consumer Commission. Stephen has taught a variety of courses, including introductory economics for 11 years at Harvard University, Monash University and the University of Melbourne. Professor King has researched and published in a wide range of areas, including law and economics, game theory, corporate finance, and industrial economics. Stephen regularly provides advice to government, private firms and the courts on a range of issues relating to regulation and competition policy. He is a Lay Member of the High Court of New Zealand and a Fellow of the Academy of Social Sciences in Australia.

Martin Byford

Martin Byford is Senior Lecturer of Economics at RMIT University. Prior to joining RMIT he was Assistant Professor of Economics at the University of Colorado at Boulder. Martin discovered economics during the final year of a combined Arts and Civil Engineering degree. Realising that he had made a terrible error in his choice of vocation, Martin went back to university to study economics. He completed a PhD at the University of Melbourne in 2007. Martin’s introductory microeconomics course is currently taught on RMIT campuses in Australia, Singapore and Vietnam.

Kris Ivanovski

Kris Ivanovski is a Lecturer within the Department of Economics at Monash University. Prior to completing his PhD in Economics from Monash University, he worked as an economist in the federal government undertaking research in macroeconomics. He has extensive teaching experience at the undergraduate and postgraduate level in both microeconomics and macroeconomics, developed multiple course units, and worked at several universities across Melbourne. While Kris’s research stretches into the field of macroeconomics, he has a passion for environmental and energy economics over historical periods which stretch back to early 1870s. His work has been published in international journals such as Energy Economics, The World Economy, and International Review of Economics and Finance and is currently working on several book chapters.

Gregory Mankiw

N. Gregory Mankiw is Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and the Massachusetts Institute of Technology. As a teacher, he has taught macroeconomics, microeconomics, statistics and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His work has been published in scholarly journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics. In addition to his teaching, research and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an advisor to the Federal Reserve Banks of Boston and New York, and the Congressional Budget Office. From 2003 to 2005 he served as chairman of the US President’s Council of Economic Advisors.

What's New

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  • NEW content coverage of pandemic economics, cryptocurrency, and the impacts of human activity on the health of the planet
  • NEW case studies, news articles, figures and accompanying questions for thought
  • NEW content covering the Dynamic AD-AS model
  • Enhanced data visualisation

Features

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  • 'Ten lessons from economics’ are outlined in chapter 1 and are referred to throughout the text to remind students that these lessons are the key to most economic analysis
  • Case studies, 'What Australian economists think' boxes, 'In the news', and 'FYI' boxes provide opportunities for students to analyse practical applications of economic concepts, gain insights into current policy issues and consider current events through an economic lens
  • The ‘Check your understanding’ feature is unique in the market and breaks up learning into manageable sections. It provides students with the opportunity to check their understanding before continuing to the next section of the chapter, while also encouraging discussion and feedback between instructors and students
  • End-of-chapter summaries, questions for review, and problems and applications reinforce chapter content and encourage critical thinking
  • An inclusive approach ensures that prominent women in economics are highlighted, as well as concepts around wage discrimination
  • Now the simplicity and reliability of Aplia is available in the premier eLearning platform, MindTap. Engage your students at every stage of the course with study exercises and assignments that connect concepts to the real world and provide an unmatched level of feedback.
  • Premium online teaching and learning tools are available on the MindTap platform - the personalised eLearning solution. MindTap is a flexible and easy-to-use platform that helps build student confidence and gives you a clear picture of their progress. MindTap for Gans/King/Stonecash's Principles of Macroeconomics is full of innovative resources to support critical thinking, and help your students move from memorisation to mastery! Includes: Gans/King/Stonecash's Principles of Economics eBook, Aplia problem sets, graph builder activities, concept clip videos, interactive quizzes. MindTap is a premium purchasable eLearning tool. Contact your Cengage learning consultant to find out how MindTap can transform your course.
  • Your #1 resource for your course. This tailored collection of teaching tools includes downloadable PowerPoint lecture slides, Instructor's Manual, and Test Bank with customisable questions for quizzes and assessments. Log in or request an account to access instructor resources at au.cengage.com/instructor/account for Australia or nz.cengage.com/instructor/account for New Zealand.
  • A bank of questions has been developed in conjunction with the text for creating quizzes, tests and exams for your students. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want using Cognero. Cognero test generator is a flexible online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favourite test questions.

Table of Contents

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Part 1: Introduction
1. Ten lessons from economics
2. Thinking like an economist
3. Interdependence and the gains from trade
Part 2: Supply and demand: how markets work
4. The market forces of supply and demand
Part 3: The data of macroeconomics
5. Measuring a nation’s income
6. Measuring the cost of living
Part 4: The real economy in the long run
7. Production and growth
8. Saving, investment and the financial system
9. The natural rate of unemployment
Part 5: Money and prices in the long run
10. The monetary system
11. Inflation: Its causes and costs
Part 6: The macroeconomics of open economies
12. Open-economy macroeconomics: Basic concepts
13. A macroeconomic theory of the open economy
Part 7: Short-run economic fluctuations
14. Aggregate demand and aggregate supply
15. The influence of monetary and fiscal policy on aggregate demand
16. The short-run trade-off between inflation and unemployment
17. Contemporary macroeconomics topics
Part 8: Final thoughts
18. Five debates over macroeconomic policy

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  • ISBN-10: 0170471640
  • ISBN-13: 9780170471640
  • RETAIL $79.95

  • ISBN-10: 0170479870
  • ISBN-13: 9780170479875
  • RETAIL $89.95

  • ISBN-10: 0170464725
  • ISBN-13: 9780170464727
  • RETAIL $159.95

  • ISBN-10: 0170478300
  • ISBN-13: 9780170478304
  • RETAIL $169.95
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