For the fourth edition of this innovative textbook, 2001 Nobel Prize winner Joseph E.
Stiglitz again joins forces with top monetary economist, Carl E. Walsh. Together, they
integrate contemporary economics into the traditional curriculum. Highlights are the
continued coverage of the economics of information and imperfect markets, and the emphasis
is on the critical role of capital markets in the macro economy.
Joseph E. Stiglitz of Columbia University was the co-recipient of the
Nobel Prize in Economic Science in 2001, the highest honor possible for an economist.
During the late 1990s he was the chairperson of President Clinton's Council of Economic
Advisors and Chief Economist at the World Bank. The profound contributions that Professor
Stiglitz has made to both the understanding and practice of economics are unequalled.
Carl E. Walsh of Uhe University of California, Santa Cruz is
internationally recognized as one of the leading monetary economists of his generation. He
is one of the most sought-after experts on central banking, and his contributions have had
an impact on both the theory and practice of central banks around the world. He is also an
award-winning educator.
Accompanying THE TEXT IS AN OUTSTANDING STUDENT WEB SITE
wwnorton.com/stiglitzwalsh4
This free student Web site includes chapter reviews, a glossary of terms, and a
newsfeed that highlights current events in economics. In addition, students can gauge
their understanding with diagnostic practice quizzes that score their answers and suggest
a study plan based on their responses.
ALSO ACCOMPANYING STIGLITZ WALSH IS THE MOST INNOVATIVE HOMEWORK MANAGEMENT SYSTEM
AVAILABLE SMARTWORK
Smart Work
Developed in collaboration with Science Technologies, SmartWork is an innovative online
homework management system. Customizable assignments combine with interactive feedback to
create a powerful environment for both teaching and learning. SmartWork offers:
Smart assignments. Professors can choose from ready-made assignments that require
active learning from students. For the Fourth Edition of Economics, three types of
ready-made assignments are available:
... Interactive graphing tutorials allow students to adjust points, lines, and curves
on a graph and then instantly view consequences of these changes. In this way, students
can see economic concepts in action. .
Audio graphs guide students step-by-step through a lesson. On screen, a slide show
demonstrates worked problems and manipulates graphs, while an audio track explains the
concepts being illustrated.
Conceptual quizzes encourage critical thinking by challenging students to consider
their answers after they respond to each question.
Smart feedback. SmartWork's interactive feedback gives students just the help they
need, right when they need it. If they answer a question incorrectly, students are
presented with feedback that gets them thinking about the problem and guides them to the
correct solution. Students who answer correctly on the first try skip this additional
tutoring and move on to other problems. Instructors can assess students'work with an
easy-to-use gradebook function.
Smart customization. With SmartWorks intuitive interface, professors can customize
Nortons ready-made assignments or write their own, without any prior programming
knowledge.
Paperback
887 pages