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Frank-Bernanke: Principles of Economics

Frank-Bernanke: Principles of Economics. Less is More: Teaching Fewer Ideas Better. A Textbook, not an Encyclopedia Focus on Key Concepts Core Principles, Repeatedly Applied Cartoons and Original Drawings to Pique Interest Open, Uncluttered Design. Economic Naturalism.

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Frank-Bernanke: Principles of Economics

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  1. Frank-Bernanke: Principles of Economics

  2. Less is More: Teaching Fewer Ideas Better • A Textbook, not an Encyclopedia • Focus on Key Concepts • Core Principles, Repeatedly Applied • Cartoons and Original Drawings to Pique Interest • Open, Uncluttered Design

  3. Economic Naturalism • A Unique Feature! Motivates Students • Seeing Everyday Life in a New Way • Understanding the News • Micro and Macro Examples • See Inside Front Cover of book for Listing!

  4. Active, Student-Centered Learning • Motivation: Chapter Openers • Examples First, Then Generalities • In-Text Worked Examples • In-Text Exercises for the Student • Reinforcement through Recaps, Review Questions, and Problems • Unique to Frank-Bernanke!

  5. Short-Run Macroeconomics in Frank-Bernanke 4 Key Features: 1. Long-run Economics Discussed First 2. Fed Policy in terms of Interest Rate, not Money Supply*

  6. Short-Run Macroeconomics in Frank-Bernanke 3. Aggregate Demand and Aggregate Supply Relate Output to Inflation* 4. International Economy (exchange rates, capital flows, financial crises) Integrated with Short Run in Simple Way *David Romer, JEP, Spring 2000, 149-170, recommends these simplifications.

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