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Macroeconomics in Context
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Comments/Reviews
Description: Designed for a single-semester undergraduate course, this introductory economics textbook updates traditional macroeconomics to encompass twenty-first century concerns. In contrast to standard texts, the book starts with the question of human well-being, and then examines how economic activities can contribute to or detract from it.
Macroeconomics in Context covers standard macroeconomic concepts and models, and shows how they apply to such critical issues as ecological sustainability, distributional equity, the quality of employment, and the adequacy of living standards. In language that is clear and compelling, the book's discussions of historical, institutional, political, and social factors encourage students to engage with the subject matter. An Instructor's Resource Manual, a Test Bank, and a Student Study Guide are available online to instructors who adopt the text.
Selected Contents:
Part One: The Context for Economic Analysis
1. Economic Activity in Context
2. Useful Tools and Concepts
3. What Economies Do
4. Supply and Demand
Part Two: Macroeconomic Basics
5. Macroeconomic Measurement: The Current Approach
6. Macroeconomic Measurement: Environmental and Social Dimensions
7. Employment and Unemployment
8. The Structure of the United States Economy
Part Three: Macroeconomic Theory and Policy
9. Aggregate Demand and Economic Fluctuations
10. Fiscal Policy
11. Money and Monetary Policy
12. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together
Part Four: Macroeconomic Issues and Applications
13. The Global Economy
14. How Economies Grow and Develop
15. Macroeconomic Challenges for the 21st Century
Comment(s): " Macroeconomics in Context is the best text I've seen for undergraduate teaching. By paying attention to the challenges we face today, such as environmental degradation and social issues, students readily see why and how economics is important to learn. This text gives students the basics while raising questions about how we can do better." -- Valerie A. Luzadis, SUNY College of Environmental Science and Forestry, Syracuse
"After reviewing 14 macroeconomics textbooks, looking for an alternative to obsolete ideas of infinite GDP growth with little consideration of environment or social costs, I selected Macroeconomics in Context for my course this year. This was the only book I found which covers mainstream theory, while putting it into a social and environmental context; a much needed updated approach to macroeconomics." -- Gary Flomenhoft, University of Vermont
    
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