634 Pages 155 B/W Illustrations
    by Routledge

    634 Pages 155 B/W Illustrations
    by Routledge

    Essentials of Economics in Context is specifically designed to meet the requirements of a one-semester introductory economics course that provides coverage of both microeconomic and macroeconomic foundations. It addresses current economic challenges, paying specific attention to issues of inequality, globalization, unpaid work, technology, financialization, and the environment, making the text a genuinely twenty-first century introduction to economics.

    Aspects of history, institutions, gender, ethics, and ecology are integrated throughout the text, and economic analysis is presented within broader themes of human well-being, and social and environmental sustainability. Theoretical expositions in the text are kept close to reality by integrating numerous real-world examples and by presenting the material in the recognized accessible and engaging style of this experienced author team.

    Key features of Essentials of Economics in Context include:

    • an inclusive approach to economics, where the economy is analyzed within its social and environmental context

    • an innovative chapter examining data on various economic indicators

    • focus on goals of human well-being, stability, and sustainability, and inclusion of core and public

    purpose spheres, instead of solely focusing on market activities

    •  a wealth of online materials such as slides, test banks, and answers to exercises in the book

    This text is the ideal resource for one-semester introductory economics courses globally.


    The book's companion website is available at: http://www.bu.edu/eci/education-materials/textbooks/essentials-of-economics-in-context/

    Part I: The Context of Economic Analysis 0. Economic Indicators 1. Economic Activity in Context 2. Foundations of Economic Analysis Part II: Microeconomic Analysis. Consumption, Production and Markets 3. Supply and Demand 4. Understanding Consumption and Decision Making 5. Production 6. Market Structure Part III: Macroeconomic Theory and Policy 7. Macroeconomic Measurement 8. Macroeconomic Foundations. Aggregate Demand and Aggregate Supply 9. Fiscal Policy 10. Money, Banking and Monetary Policy Part IV: Applying Economic Analysis 11. Markets for Labor 12. Economic and Social Inequality 13. Economic and Financial Instability Part V: The Global Economy, Development and Sustainability 14. The Global Economy and Policy 15. How Economies Grow and Develop 16. Growth and Sustainability in the 21st Century


    Neva Goodwin is Distinguished Fellow at the Economics in Context Initiative at the Global Development Policy Center at Boston University, USA.

    Jonathan M. Harris is Senior Research Associate at the Global Development and Environment Institute at Tufts University, USA.

    Pratistha Joshi Rajkarnikar is Associate Director at the Economics in Context Initiative at the Global Development Policy Center at Boston University, USA.

    Brian Roach is Director of the Theory and Education Program at the Tufts University Global Development and Environment Institute, and a lecturer at Tufts and Brandeis Universities, USA.

    Tim B. Thornton is Senior Research Fellow at the Economics in Context Initiative at the Boston University Global Development Policy Center, USA, and Director of the School of Political Economy, Australia.