In Principles of Macroeconomics, noted economist and teacher John Taylor
unravels sophisticated material by combining clear, straightforward writing with
annotated graphs and real-life examples that drive students' interest in modern
economic theory. Taylor's distinctive approach to macroeconomics--covering
long-run fundamentals before short-term economic fluctuations--helps students
establish a firm grounding in the basic determinants of growth before they are
introduced to the fluctuations that can occur even during periods of steady
growth.Taylor's experience in international policymaking has always informed the
narrative; his most recent service as Undersecretary of the Treasury for
International Affairs brings even more real-world relevance to the Fifth
Edition. New "Point-Counterpoint" essays prompt students to consider opposing
viewpoints on