726 pages | 195 Color Illus.
Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Microeconomics in Context, the book is uniquely attuned to economic realities. The "in Context" books offer engaging coverage of current topics including financial crises, rising inequality, debt and deficits, and environmental sustainability, while also providing a clear and accessible exploration of economic theory and applications.
The third edition features:
This engaging textbook offers students an excellent guide to macroeconomics. The latest addition to the "In Context" series, it combines real-world relevance with a thorough grounding in multiple economic paradigms.
“Macroeconomics in Context is the best text I’ve seen for undergraduate teaching. By paying attention to pressing issues of our time, such as environmental degradation and social inequalities, it lets students readily see why the subject of economics is important to learn. This text gives students the basics while raising questions about how we can do better.”
–Valerie A. Luzadis, SUNY Environmental Science and Forestry, Syracuse
"MIC is a comprehensive textbook, allowing custom tailoring for any course. Its broad and critical perspective is invaluable in today's world with social and economic inequality, and makes MIC an oasis in the desert in the economics textbook market.”
–Adem Elveren, Assistant Professor of Economics, Fitchburg State University, MA, USA.
Introduction. Part I The Context for Economic Analysis. 0. Macroeconomics and Well-Being. 1. Economic Activity in Context. 2. Useful Tools and Concepts. 3. What Economies Do. 4. Supply and Demand. PART II Macroeconomic Basics. 5. Macroeconomic Measurement: The Current Approach. 6. Macroeconomic Measurement: Environmental and Social Dimensions. 7. The Structure of the U.S. Economy. 8. Employment, Unemployment, and Wages. PART III Macroeconomic Theory and Policy. 9. Aggregate Demand and Economic Fluctuations. 10.Fiscal Policy. 11. Money, Banking, and Finance. 12. The Federal Reserve and Monetary Policy. 13. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together. 14. The Global Economy and Policy. 15. Financial Instability and Economic Inequality. 16. Deficits and Debt. 17. How Economies Grow and Develop. 18. Growth and Sustainability in the Twenty-First Century. Glossary. Index