Economics

Features

• Cover Type: Hard Cover with 837 pages
• Published by: South-Western College Pub
• Edition: 6th Edition December 27, 2007
• Written in: English
• ISBN 10 Number: 0618967613
• ISBN 13 Number: 978-0618967612
• Book Dimensions: 10.1 x 8.6 x 1.3 inches
• Weighs: 4.2 pounds

Product Description
Popular for its coverage of modern policy issues, this clearly written text was the first to discuss long-run (macro) basics before exploring short-term economic fluctuations. The Sixth Edition maintains the text's modern approach with concise yet thorough coverage of current economic theories. New co-author Akila Weerapana brings attention to the requirements of today's students by thoroughly refreshing examples, applications, and end-of-chapter problems throughout the text. Streamlined content and pedagogy and the simplification of advanced topics make the material more accessible. Chapter 3, for example, now focuses solely on supply, demand, and market equilibrium, and boxed features have been realigned to maximize accessibility. John B. Taylor's recent service as Undersecretary of the Treasury for International Affairs strengthens the text's focus on policy issues and the international sector. Proven pedagogy includes Taylor/Weerapana's trademark Conversation boxes, providing students with succinct, step-by-step guidance through particularly difficult concepts.

About The Author
John B. Taylor is the Raymond Professor of Economics at Stanford University. His academic fields of expertise are monetary policy, fiscal policy, and international economics. Taylor received the Hoagland Prize for excellence in undergraduate teaching and the Rhodes Prize for his high teaching ratings in Stanford's introductory economics course. He was founding Director of the innovative Stanford Introductory Economics Center, and has held administrative posts in research such as the Director of the Stanford Institute for Economic Policy Research.For four years from 2001 to 2005, Taylor served as Undersecretary of Treasury for International Affairs. He had operational responsibilities for developing and implementing U.S. international financial policy, including currencies, trade in financial services, foreign investment, international debt and development, and reform of the International Monetary Fund, the World Bank, and the other international financial institutions. He was awarded the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis.After September 11, 2001, Taylor's office took on additional operational responsibilities, including assembling an international coalition to freeze terrorist assets, expediting the economic reconstruction in Afghanistan, creating a new currency and central bank in Iraq, forging an international agreement to reduce Iraq's debt by eighty percent, and creating a new economic engagement with the Broader Middle East and North African countries. He was awarded the Treasury Distinguished Service Award for designing and implementing the financial reconstruction plan in Iraq. He was also awarded the Alexander Hamilton Award for his leadership in international finance. Taylor has worked with the government in a range of economic advisory roles since 1976.Taylor received a B.A. in Economics summa cum laude from Princeton University in 1968 and a Ph.D. in Economics from Stanford University in 1973.

Akila Weerapana is an Associate Professor of Economics at Wellesley College. He was born and raised in Sri Lanka and came to the United States to do his undergraduate work at Oberlin College, where he earned a B.A. with highest honors in Economics and Computer Science in 1994. Inspired by his professors at Oberlin, he went on to graduate school at Stanford University. He received his Ph.D. in Economics from Stanford in 1999, writing his dissertation in monetary economics under the mentorship of John Taylor. Having taught several classes at Stanford while he was a graduate student, Akila was determined to pursue a career as a liberal arts college professor, combining his research interests with the opportunity to teach economics to gifted college students. Since 1999, Akila has taught over 800 students at the Economics Department at Wellesley College.His teaching interests span all levels of the Department's curriculum, including introductory and intermediate macroeconomics, international finance, monetary economics and mathematical economics. He was awarded Wellesley's Pinanski Prize for Excellence in Teaching in 2002. He also enjoys working with thesis students, having advised over a dozen thesis students at Wellesley. The projects that students work on range from a study of the economic benefits of eradication of river blindness in Ghana to the impact of joining the European Union on the Spanish economy to a project analyzing the determinants of enterprise performance in Russia. He has advised many students who have pursued graduate study in economics or have gone on to work in economic research at the Federal Reserve.In addition to teaching, Akila has research interests in macroeconomics, specifically in the areas of monetary economics, international finance and political economy. In the area of monetary economics, his work focuses on the international dimension of monetary policy, including the potential for gains from coordination and the importance o