Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

By the end of this section, you will be able to:Identify equilibrium price and quantity through the four-step processGraph equilibrium price and quantityContrast shifts of demand or supply and movements along a demand or supply curveGraph demand and supply curves, including equilibrium price and quantity, based on real-world examples

By the end of this section, you will be able to:Identify factors that affect demandGraph demand curves and demand shiftsIdentify factors that affect supplyGraph supply curves and supply shifts

By the end of this section, you will be able to:Predict shifts in the demand and supply curves of the labor marketExplain the impact of new technology on the demand and supply curves of the labor marketExplain price floors in the labor market such as minimum wage or a living wage