Microeconomics studies individual and business decisions, focusing on supply and demand. Macroeconomics analyzes country and government decisions, taking a top-down approach. Both fields are interdependent and complement each other
Economy refers to the overall financial condition of a country or region. Economics studies how individuals and societies allocate resources. Economics is divided into microeconomics (individuals) and macroeconomics (economy as a whole)
Thirteenth edition published by Pearson in 2019. Dedicated to Chip Case, who inspired the textbook 30 years ago. Contains 13 chapters covering microeconomics, market system, and macroeconomics
Central banks exchange liquidity with banks through various transactions. Used as monetary policy tool to influence short-term interest rates. Less prominent since 2008 crisis due to floor system implementation
Sixth Edition for two-semester Principles of Economics courses. Demonstrates economics' relevance through real-world business examples. Updated with latest developments using new business and policy examples
Textbook designed for two-semester economics courses. Reviewed as one of the best economics texts by Case/Fair/Oster. Provides basic understanding of market economies and their workings. Includes latest research and exercises for economic thinking