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- A new chapter on the theory of policy (Chapter 8) emphasizes policy making under uncertainty. Students will now be able to understand the "current events" choices of policy makers much earlier in the course. They also gain a deeper appreciation of the practical limitations of macroeconomic policy.
- A new chapter on "Big Events" in macroeconomics (Chapter 18) pulls together material on the Great Depression, budget deficits, hyperinflation, and social security. Students will now get a background on these important economic events and will learn principles that are harder to identify in smoothly running economies.
- The material on Stabilization Policy; Money, Deficits, and Inflation; and Budget Deficits (previous edition Chapters 18, 19, and 20) has been shortened and moved into other chapters. This change has improved the pedagogy by making the material flow better and has made the connection between theory and events clearer.
- The chapter on "New Macroeconomics" (Chapter 8) has been retitled "Advanced Material" and moved to the end of the book (Chapter 20) so that instructors who wish to omit it more easily can do so.
- This edition is one chapter shorter. Students can now focus on the most important concepts and will learn them better.
- The flow of material has been improved to be easier for both students and instructors to work with, throughout the book, but especially in the material on aggregate supply in Chapters 6 and 7.
- Additional Internet sources enable students to access data and other material on the Web. Not only will students be able to get to additional sources for research, but they will also learn how to use the WWW in economics.
- The Eighth Edition will have a glossary. Students will be able to review key terms more easily.
- A new student software package (Macrosoft) by Mark Reiman at Pacific Lutheran University contains macroeconomic models that allow students to test and explore various economic conditions in an interactive web environment.
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