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, social, and environmental realities. The “In Context” books offer engaging coverage of current topics including policy responses to recession and inflation, inequality, deficits and government debt, economic impacts of the COVID-19 pandemic, and the economics of environmental sustainability.
This fourth edition includes:
- Improved and concise discussions of introductory topics, especially on key economic activities, macroeconomic goals, and economic models
- Further emphasis on inequality, environmental sustainability, financialization, the changing nature of work, and international developments such as the role of transnational corporations and supply chain issues
- Discussion of the impacts of the COVID-19 pandemic on macroeconomic factors like well-being, inequality, and labor markets
- Presentation of policy issues in historical, environmental, institutional, social, political, and ethical contexts, including an updated discussion of fiscal policy in relation to the Biden administration’s infrastructure and social investment spending
- Clear explanations of basic economic concepts alongside more in-depth analysis of macroeconomics models and economic activity
This book combines real-world relevance with a thorough grounding in multiple economic paradigms. It is the ideal textbook for modern introductory courses in macroeconomics.
The book’s companion website is available at: http://www.bu.edu/eci/macro
Part I The Context for Economic Analysis 0. Macroeconomics and Well-Being 1. Economic Activity in Context 2. Foundations of Economic Analysis 3. Supply and Demand PART II Macroeconomic Basics 4. Macroeconomic Measurement: The Current Approach 5. Macroeconomic Measurement: Environmental and Social Dimensions 6. The Structure of the United States Economy 7. Employment, Unemployment, and Wages PART III Macroeconomic Theory and Policy 8. Aggregate Demand and Economic Fluctuations 9. Fiscal Policy 10. Money, Banking, and Finance 11. The Federal Reserve and Monetary Policy 12. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together 13. The Global Economy and Policy PART IV: Macroeconomic Issues and Applications 14. Inequality: Economic and Social Perspectives 15. Deficits and Debt 16. How Economies Grow and Develop 17. Growth and Sustainability in the Twenty-First Century