New Topics Added: As in earlier revisions, Schiller 10e has been revised to remain the most current Principles book on the market through the inclusion of new material. This edition includes new discussions of outsourcing and global competitiveness. Also included is a new focus on AD and AS shifts in the aftermath of the September 11 terrorist attacks and the Bush tax cuts. The Tenth Edition also discusses the economic effects of music downloads, the proposed "Mission to Mars," Social Security deficits, the 2003-2004 California Grocery-Workers Strike, and the war against terror.
Up-to-the-Second New Examples: Schiller 10e has also been revised to include brand-new examples to keep the book fresh as today's news broadcasts. New examples include:
China 's legalization of private property
India 's privatization program
The cost of war
The impact of job outsourcing
The 2004 "oil shocks"
NEW! Revised Treatment of Aggregate Demand/Keynesian Cross: Schiller examines Keynesian theory entirely within the AS/AD framework by moving the Keynesian Cross to an appendix. This appendix has been expanded in the 10th Edition to include a model of the Aggregate Expenditure Curve. This allows instructors to streamline and simplify the Macro discussion without any loss of theoretical rigor or coverage. This way, instructors who teach the Keynesian cross can examine it in a separate discussion, and instructors who do not can easily skip over it without any interruption in the text progression.
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2006 McGraw-Hill Higher Education