Principles of Macroeconomics, 10th Edition (Pearson Series by Karl E. Case

By Karl E. Case

Reviewers let us know that Case/Fair is likely one of the all-time bestselling POE texts simply because they belief it to be transparent, thorough, and complete.  

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Economics is also essential in understanding a range of other everyday government decisions at the local and federal levels. Why do governments pay for public schools and roads, but not cell phones? S. citizens. How do you understand the debate of whether this is or is not a good idea? In some states, scalping tickets to a ball game is illegal. Is this a good policy or not? Some governments control the prices that firms can charge for some goods, especially essentials like milk and bread. Is this a good idea?

For example, the labor market was massively affected. By some estimates, over 400,000 jobs were lost as the storm hit. Hotels, restaurants, small businesses, and oil refineries, to name just a CHAPTER 1 The Scope and Method of Economics few, were destroyed. All the people who worked in those establishments instantaneously lost their jobs and their incomes. The cleanup and rebuilding process took time to organize, and it eventually created a great deal of employment. The storm created a major disruption in world oil markets.

China’s new position as a major trading partner of both the United States and Europe clearly has implications for political interactions among these nations. Greece’s economic struggles in 2010 over its large debt is affecting the enthusiasm of the rest of Europe’s citizens for the European Union. In a relatively open, market-oriented world, it is impossible to understand political affairs without a grounding in economics. While there is much debate about whether or not economic considerations dominate international relations, it is clear that they play a role as political leaders seek the economic well-being of their citizenry.

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