Understanding Macroeconomics

Robert Heilbroner is one of the better economic authors in the last 25 years. His style of writing is amazing, direct and incredibly insightful. This book is a basic explanation of macroeconomics and he did a great job explaining the fundamentals of the Fed and Treasury dept. I'm not sure this book should be ones first reading into this subject matter, but Heilbroner is such a clear writer that the concepts will just jump off the pages.

Thurow and Heilbroner provide a thoughtful and thorough treatment of microeconomics in their required text Understanding Microeconomics. The work provides the economics student, at any level, the economic background necessary to master the activities of consumers and firms as concerns scarce resource allocation in our mixed economy. The authors provide the reader with economic tools, such as supply and demand, necessary to become an economist. This book also describes and analyzes the various market systems,i.e.: perfect competition, monopoly, and oligopoly. Furthermore, U.M. intelligently presents major economic challenges the domestic and global economy faces as productivity, taxes, trade, and the future. Eventhough this edition's numbers and examples need updating; the text is still relevant to today's economy.