Principles of Macroeconomics with Connect Access Card

About the Author\nLars Osberg is currently the McCulloch Professor of Economics at Dalhousie University. He was born and raised in Ottawa, Ontario. As an undergraduate, he attended Queen’s University, Kingston and the London School of Economics and Political Science, graduating from Queen’s in 1968. From 1968 to 1970 he served as a CUSO volunteer, working primarily with the Tanzania Sisal Corporation in Tanga, Tanzania. He received his Ph.D. in Economics from Yale University in 1975. His first book was Economic Inequality in Canada (1981), which has been followed by nine others, most recently The Unemployment Crisis: All for Naught (1996) (with B. MacLean), Hard Money, Hard Times (1998) (with P. Fortin) and The Economic Implications of Social Cohesion (Editor) 2003. He is also the author of numerous refereed articles, book chapters, reviews, reports and miscellaneous publications. His major fields of research interest have been the measurement and determinants of poverty and economic well being, with particular emphasis in recent years on social policy and the implications of changing patterns of working time. Among other professional responsibilities, he was President of the Canadian Economics Association in 1999/2000 and is now Review Editor for the Review of Income and Wealth.\nMelvin L. Cross received an Associate of Arts degree from Dawson Community College in 1968, a B.A. from the University of Montana in 1970, an M.A. from Simon Fraser University in 1972, and a Ph.D. in economics from Texas A&M University in 1976. He is an Associate Professor in the Department of Economics at Dalhousie University, which he joined in 1975. He also holds an adjunct appointment in the School of Resource and Environmental Studies and was an Associate Fellow in the Foundation Year Program of the University of King’s College from 1991 to 2002. In 1994-95, he was a Visiting Adjunct Associate Professor at Queen’s University and in 2002 he was a Visiting Lecturer at the University of Sydney. His teaching and research interests are in the economics of natural and environmental resources and the history of economic thought. He has taught principles of economics throughout his career. He is an author or co-author of articles in the Canadian Journal of Fisheries and Aquatic Science, Canadian Public Policy, History of Political Economy, Marine Resource Economics, and other journals.\nProfessor Bernanke received his B.A. in Economics from Harvard University in 1975 and his Ph.D. in economics from MIT in 1979. He taught at the Stanford Graduate School of Business from 1979 to 1985 and moved to Princeton University in 1985, where he was named the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs, where he served as Chairman of the Economics Department. He is a fellow of the American Academy of Arts and Sciences and the Econometrics Society. He was named a member of the Board of Governors of the Federal Reserve in 2002 and became the chairman of the President's council of Economic Advisers in 2005. In 2006 Ben Bernanke was selected to be the Chairman of the Federal Reserve Board.\nProfessor Bernanke's intermediate textbook, with Andrew Abel, Macroeconomics, Fifth Edition (Addison-Wesley, 2004) is a best seller in its field. He has authored more than 50 scholarly publications in macroeconomics, macroeconomic history, and finance. He has done significant research on the causes of the Great Depression, the role of financial markets and institutions in the business cycle, and measuring the effects of monetary policy on the economy. His two most recent books, both published by Princeton University Press, include Inflation Targeting: Lessons from the International Experience (with coauthors) and Essays on the Great Depression. He has served as editor of the American Economic Review and was the founding editor of the International Journal of Central Banking. Professor Bernanke has taught principles of economics at both Stanford