Teaches students the principles of macroeconomics by tying economic concepts and theory to provocative illustrations and examples from contemporary world events. Schiller maintains a well-constructed narrative, relating the fundamental concepts and theory of economics to contemporary world events with which students are likely to be familiar. Throughout, global competitiveness motivates cost analysis - a trademark of Schiller's past editions and a proven pedagogical technique for the exploration of microeconomic topics. Schiller's careful, step-by-step examination of topics along with an extensive graphics programme and interesting boxed features encourage students to think critically about economics.