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Overview
Explore today’s economy with Arnold/Arnold/Arnold’s “Macroeconomics,” 15th Edition. Updated to reflect emerging technologies and global change, this edition expands coverage of tariffs, monetary policy, AI’s impact on the workforce and price levels, along with historical and current events—all while maintaining the clarity students want and trust.
With 46 real-world applications and “Economics 24/7” features, students see how macroeconomic concepts apply to everyday life. MindTap enhances learning with new Data Exploration Activities, live data from the FRED database and Bureau of Labor Statistics, along with new AI in Action activities powered by Bongo. Video lectures, “Economics in 5 Minutes,” and “Problem Walk-Throughs" build confidence, while A+ Test Prep supports ongoing practice.
- Data Exploration Activities integrate the latest FRED and BLS data with auto-graded tasks, guiding students through scenario analysis using real-world examples.
- AI in Action activities, powered by Bongo, teach students to leverage generative AI to research, analyze and forecast economic data and report their findings.
- Macroeconomics material offers a rigorous review of major macroeconomic schools, models and topics to provide students with a comprehensive, unbiased view of the field.
- With a forward-looking approach to AI’s impact on jobs, innovation and pricing, this edition offers a timely and robust insight into the future of our ever-changing economy.
- Engaging, real-world applications throughout the book -- including 46 updated features leveraging historical and current events -- highlight the everyday relevance of economics.
- With 10 to 30 thought-provoking Questions and Problems prompts at the end of every chapter, students better master concepts and build confidence through richer discussions.
- What’s Wrong with This Diagram? and Progression Graph features support students in analyzing and interpreting macroeconomic diagrams encountered throughout the text.
- Economics 24/7 features put students at the intersection of real-world phenomena and key economic concepts, from the Roman colosseum and multipliers to WWII and PPFs.
Part I: ECONOMICS: THE SCIENCE OF SCARCITY.
1. What Economics Is About.
Appendix A: Working with Diagrams.
Appendix B: Should You Major in Economics?
2. Production Possibilities Frontier Framework.
3. Supply and Demand: Theory.
4. Prices: Free, Controlled, and Relative.
5. Supply, Demand, and Price: Applications.
Macroeconomics.
Part II: MACROECONOMIC FUNDAMENTALS.
6. Macroeconomic Measurements, Part I: Prices and Unemployment.
7. Macroeconomic Measurements, Part II: GDP and Real GDP.
Part III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY.
8. Aggregate Demand and Aggregate Supply.
9. Classical Macroeconomics and the Self-Regulating Economy.
10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy.
11. Fiscal Policy and the Federal Budget.
Part IV: MONEY, THE ECONOMY, AND MONETARY POLICY.
12. Money, Banking and the Financial System.
13. The Federal Reserve System.
14. Money and the Economy.
15. Monetary Policy.
Appendix C: Bond Prices and Interest Rates.
Part V: EXPECTATIONS AND GROWTH.
16. Expectations Theory and the Economy.
17. Economic Growth: Resources, Technology, Ideas, and Institutions.
Part VI: CREATIVE DESTRUCTION AND CRONY CAPITALISM.
18. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape Today.
International Economics.
Part VII: INTERNATIONAL TRADE AND FINANCE.
19. International Trade.
20. International Finance.
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