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: https://www.bu.edu/eci/education-materials/textbooks/essentials-of-economics-in-context/

part I|77 pages

The Context for Economic Analysis

chapter Chapter 0|18 pages

Economics and Well-Being

chapter Chapter 1|25 pages

Economic Activity in Context

chapter Chapter 2|32 pages

Foundations of Economic Analysis

part II|163 pages

Microeconomic Analysis

chapter Chapter 3|33 pages

Supply and Demand

chapter Chapter 4|33 pages

Consumption and Decision-Making

chapter Chapter 5|26 pages


chapter Chapter 6|36 pages

Market Structure

chapter Chapter 7|33 pages

Markets for Labor

part III|163 pages

Macroeconomic Theory and Policy

chapter Chapter 8|36 pages

Macroeconomic Measurement

chapter Chapter 9|29 pages

Economic Fluctuations and Macroeconomic Theory

chapter Chapter 10|35 pages

Fiscal Policy

chapter Chapter 11|33 pages

Money and Monetary Policy

chapter Chapter 12|28 pages

Aggregate Supply, Aggregate Demand, and Inflation

Putting It All Together

part IV|149 pages

The Global Economy, Development, and Sustainability

chapter Chapter 13|35 pages

Financial Instability and Economic Inequality

chapter Chapter 14|35 pages

The Global Economy and Policy

chapter Chapter 15|34 pages

How Economies Grow and Develop

chapter Chapter 16|43 pages

Economics of the Environment