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Frank-Bernanke: Principles of Economics. Less is More: Teaching Fewer Ideas Better A Textbook, not an Encyclopedia Focus on Key Concepts Core Principles,

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Presentation on theme: "Frank-Bernanke: Principles of Economics. Less is More: Teaching Fewer Ideas Better A Textbook, not an Encyclopedia Focus on Key Concepts Core Principles,"— Presentation transcript:

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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