ABSTRACT

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:

  • Clear explanations of basic economic concepts alongside more in-depth analysis of macroeconomics models and economic activity
  • Expanded coverage of topics including, inequality, financialization and debt issues, the changing nature of jobs, and sustainable development
  • Thoroughly updated figures and data
  • A full complement of online instructor and student support materials such as additional tables and data, PowerPoint slides and a study guide

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.

The book's companion website is available at: https://www.bu.edu/eci/education-materials/textbooks/macroeconomics-in-context/

part I|158 pages

The Context for Economic Analysis

chapter Chapter 0|23 pages

Macroeconomics and Well-Being

chapter Chapter 1|26 pages

Economic Activity in Context

chapter Chapter 2|36 pages

Useful Tools and Concepts

chapter Chapter 3|39 pages

What Economies Do

chapter Chapter 4|32 pages

Supply and Demand

part II|150 pages

Macroeconomic Basics

chapter Chapter 5|36 pages

Macroeconomic Measurement: The Current Approach

chapter Chapter 7|36 pages

The Structure of the United States Economy

chapter Chapter 8|37 pages

Employment, Unemployment, and Wages

part III|225 pages

Macroeconomic Theory and Policy

chapter Chapter 9|39 pages

Aggregate Demand and Economic Fluctuations

chapter Chapter 10|34 pages

Fiscal Policy

chapter Chapter 11|30 pages

Money, Banking, and Finance

chapter Chapter 12|44 pages

The Federal Reserve and Monetary Policy

chapter Chapter 14|43 pages

The Global Economy and Policy

part IV|151 pages

Macroeconomic Issues and Applications

chapter Chapter 15|41 pages

Financial Instability and Economic Inequality

chapter Chapter 16|30 pages

Deficits and Debt

chapter Chapter 17|39 pages

How Economies Grow and Develop

chapter Chapter 18|39 pages

Growth and Sustainability in the Twenty-First Century