Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough and complete. Readers of Principles of Macroeconomics, Twelfth Edition, come away with a basic understanding of how market economies function, an appreciation for the things they do well and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way. Features Spotlights Recent Research New! Chapter 3 uses behavioural economics to answer whether having rainy seasons increases a consumer’s preference for tea. New! Chapter 6 looks at how imposing taxes on soda beverages affects consumption. New! Chapter 7 describes the importance of better maintenance practices in increasing profitability while curtailing capital investment. New! Chapter 14 describes recent research on how well recessions can be predicted. New! Chapter 20 looks at work that uses children’s height in India to examine hunger and gender inequality. New! Chapter 21 (brand new) contains three boxes that examine the Moving to Opportunity program, control group and experimental economics and the effects of minimum wage. A History of Excellence in Economic Content and Application News Analysis features real news a