An exploration of the macroeconomic aspects of economic growth, business cycles, and monetary and trade policy "Macroeconomics" explains how recent tax cuts have combined with the war on terrorism and slow economic growth to contribute to increasing budget deficits. Also included are discussions of international trade policy, comparative advantage, and outsourcing, as well as valuable Web access to more than 250 minutes of new videos from Paul Solman of the " Lehrer NewsHour."

An examination of microeconomic models in practical use Microeconomics explores the strengths and weaknesses of standard models of microeconomics and how they are actually used in policy. Chapters discuss the basics of microeconomics; foundations of supply and demand; market structure and policy; monopolistic competition; distribution of income; and the ways economic reasoning is applied to real-world policy. Sidebars reinforce the economic tools presented, while more then four hours of website-accessible video provide interactive exercises and animated tutorials.