ABSTRACT
Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics, from mainstream and heterodox perspectives.
This textbook examines the key macroeconomic problems and policy debates facing contemporary society, including economic crises, sustainability, fiscal and monetary policy, government debt, state-led vs. market-led approaches for growth, and unregulated trade vs. protectionism.
Written in an engaging style and focused on real-world examples, this textbook brings macroeconomics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors.
Macroeconomic Principles and Problems offers the most contemporary and complete package for any pluralist macroeconomics principles class.
TABLE OF CONTENTS
part I|40 pages
Economics
chapter 2|20 pages
Scarcity, choice, and opportunity cost
part II|134 pages
The evolution of economic ideas and systems
chapter 3|25 pages
The evolution of economic systems and the ideas of Adam Smith
chapter 4|29 pages
Marx, Veblen, and the dark ages of capitalism
chapter 6|22 pages
Modern economic systems
chapter 7|31 pages
Markets and how they work
part III|84 pages
Macroeconomic issues and problems
chapter 8|27 pages
Modern macroeconomics
part IV|52 pages
Macroeconomic models
chapter 11|26 pages
Aggregate demand and aggregate supply
chapter 12|24 pages
The Keynesian aggregate expenditure–income model
part V|108 pages
Stabilization policy
chapter 13|35 pages
Fiscal policy, debt, and deficits
chapter 14|27 pages
Money, banking, and the financial sector
chapter 15|19 pages
Monetary policy
chapter 16|25 pages
Crises, financial and otherwise
part VI|106 pages
Growth and global interconnectedness