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To develop Principles of Macroeconomics, we acquired the rights to Timothy Taylor’s second edition of Principles of Economics and solicited ideas from economics instructors at all levels of higher education, from community colleges
to Ph.D.-granting universities. They told us about their courses, students, challenges, resources, and how a textbook can best meet their and their students’ needs.
The result is a book that covers the breadth of economics topics and also provides the necessary depth to ensure the course is manageable for instructors and students alike. And to make it more applied, we have incorporated many current topics. We hope students will be interested to know just how far-reaching the recent recession was (and still
is). The housing bubble and housing crisis, Zimbabwe’s hyperinflation, global unemployment, and the appointment
of the United States’ first female Federal Reserve chair, Janet Yellen, are just a few of the other important topics covered.