Engaging authors, unbiased presentations of essential ideas, and a knack for revealing the 'invisible hand' of economics at work inform the thoroughly updated new edition of Modern Principles of Macroeconomics, drawing on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.

Engaging and provocative writing, as well as a knack for revealing the “invisible hand” of economics at work have made Cowen and Tabarrok’s Modern Principles of Economics a singularly distinctive and effective textbook for the principles course.The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life just as the authors do in their wildly successful blog, marginalrevolution.com.

International Edition Engaging and provocative writing, as well as a knack for revealing the 'invisible hand' of economics at work has made Tyler Cowen and Alex Tabarrok’s text a singularly distinctive and effective text for principles modules. Modern Principles of Macroeconomics places an emphasis throughout on the power of incentives which underscores how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). The new edition retains its progressive approach to economic modelling and applications which allows for a more realistic interpretation of today’s world events. Mirroring the authors’ successful blog, the text eschews boxed features to focus on the writing behind compelling examples, key concepts, and applications.