UNDERSTANDING MACROECONOMICS, 12E INTERNATIONAL EDITION, long considered the leading "public choice" book, has been updated to include even more engaging elements that stimulate interest and learning by making economics come alive.

This new edition reflects current market conditions, helping students apply principles to the world around them. You’ll find analysis and explanation of measures of economic activity applied to today’s market, plus text highlighting the lives and contributions of notable economists. Common economic myths are dispelled, and the "invisible hand" metaphor is applied to economic theory, demonstrating how it works to stimulate the economy.

This 12th edition includes new technology features such as "John Stossel in the Classroom", using his "20/20" segments to spark thoughtful, curriculum-driven class discussions; a robust set of online multimedia learning tools designed to support your classroom work; CengageNow, an online product giving students a personalized learning path based on their individual strengths and weaknesses. Includes graded homework assignments; a dynamic, graphic and interactive PowerPoint presentation--considered by many to be the best in the principles market--designed to enhance your teaching and facilitate learning.

Features
"Economics in the Movies" uses scenes from popular movies to reflect economic concepts. A number of instructors, including the authors, now use clips from popular movies to stimulate student interest and drive home the importance of economic concepts. The instructor’’s manual provides more ideas about how to do this effectively.
"Applications in Economics" applies economic theory to current real-world issues and controversies. This allows students to immediately apply what they have learned to topics they see in their own lives and in the world around them.
"Measures of Economic Activity" assembles important economic indicators--such as the unemployment rate and the index of leading indicators--and analyzes them, digging into their meaning and why they’’re relevant to students.
"Outstanding Economist" highlights the lives of notable economists and their contributions to the discipline. These historical vignettes give you a great opportunity to weave economic history into the course.
"Myths of Economics" dispels commonly held fallacies of economic reasoning, and how these myths hamper a nation’’s economic progress. Also includes a feature on Adam Smith’’s "invisible hand" theory, and how it works in free markets to stimulate the economy.