1. Boxed material has been reorganized into two elements: History Speaks, which provides real world illustrations, and What More Do We Know', which provides further commentary on the theory
in the text.
2. Several chapters have been updated with new and relevant coverage
3. Big events in macroeconomics: Chapters 21 & 22 covers the Great Depression, budget deficits, hyperinflation, and social security. Students will get a background on these important
economic events and will learn principles which are harder to identify in smoothly running economies.
4. Internet sources: Students are encouraged to access data and other material online, giving them additional sources for research and experience using the Web in economics.
5. Middle-of-the-road approach: Discussions emphasize both the potential and limitations of economic policy. While the lively macroeconomic controversies are explained, the authors remain
neutral in their approach.
6. More state-of-the-art research: The authors continue to include more state-of-the-art research than is usually found in undergraduate texts. They make this material accessible by stressing
concepts over technique.
7. Strong international coverage: Maintaining traditionally strong international coverage, this text offers extensive international orientation for an increasingly globalized world. The book
continues to be used and respected overseas.