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Principles of Economics 5E combines microeconomics and macroeconomics into one volume for students who take a full year's course. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues such as climate change and resource taxation, the impacts of the 2008 global financial crisis, the Henry tax review, inflation, unemployment, interest rates, monetary and fiscal policy.